Exhibit 99.1
GigaMedia Limited (“GigaMedia” or the “Company”) announced today the results of a general meeting of shareholders held on June 20, 2014. With respect to a resolution to adopt the Audited Financial Statements of the Company for the financial year ended December 31, 2013, voting results were as follows:
No. of Ordinary Shares | Percentage | |||||||
For | 38,368,482 | 92.90 | ||||||
Against | 1,479,356 | 3.58 | ||||||
Abstain | 1,451,601 | 3.51 | ||||||
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Total | 41,299,439 | 100 | ||||||
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With respect to a resolution to appoint KPMG and KPMG LLP as the Company’s independent external auditor, voting results were as follows:
No. of Ordinary Shares | Percentage | |||||||
For | 39,684,867 | 96.09 | ||||||
Against | 1,500,255 | 3.63 | ||||||
Abstain | 114,317 | 0.28 | ||||||
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Total | 41,299,439 | 100 | ||||||
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With respect to a resolution to limit remuneration of the Directors at an aggregate amount not exceeding US$350,000, voting results were as follows:
No. of Ordinary Shares | Percentage | |||||||
For | 33,619,106 | 81.40 | ||||||
Against | 6,184,170 | 14.97 | ||||||
Abstain | 1,496,163 | 3.62 | ||||||
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Total | 41,299,439 | 100 | ||||||
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With respect to a resolution to authorize the Directors to allot and issue shares, voting results were as follows:
No. of Ordinary Shares | Percentage | |||||||
For | 12,535,704 | 80.47 | ||||||
Against | 2,854,663 | 18.32 | ||||||
Abstain | 188,692 | 1.21 | ||||||
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Total | 15,579,059 | 100 | ||||||
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With respect to a resolution to authorize a share purchase mandate, voting results were as follows:
No. of Ordinary Shares | Percentage | |||||||
For | 15,319,525 | 98.33 | ||||||
Against | 201,927 | 1.30 | ||||||
Abstain | 57,607 | 0.37 | ||||||
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Total | 15,579,059 | 100 | ||||||
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