Exhibit 99.1
![]() | Press Release |
FOR IMMEDIATE RELEASE | For further information contact: | |||
Annie Sun | ||||
Investor Relations | ||||
Country/City Code 8862 Tel: 2656-8096 | ||||
ir@gigamedia.com.tw |
RESULT OF ANNUAL GENERAL MEETING HELD ON 24 JUNE 2016
TAIPEI, Taiwan, June 27, 2016 – GigaMedia Limited (NASDAQ: GIGM), an online games and computing services provider announces that at the Annual General Meeting (“AGM”) of the Company held on 24 June 2016, all resolutions relating to the matters set out in the Notice of AGM dated 20 May 2016 was duly passed.
Poll Results
The results of the poll in respect of each of the resolutions put to vote at the AGM, as confirmed by scrutineer for the poll at the AGM, are as follow:
Resolution 1 –Adoption of audited financial statements
FOR | AGAINST | ABSTAIN | ||||||||
No. of votes | % of total at AGM | No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | |||||
7,245,812 | 91.65 | 493,082 | 6.24 | 166,894 | 2.11 |
Resolution 2 –Approval of appointment of auditors
FOR | AGAINST | ABSTAIN | ||||||||
No. of votes | % of total at AGM | No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | |||||
6,891,850 | 87.18 | 846,291 | 10.70 | 167,647 | 2.12 |
Resolution 3 –Approval of Directors’ remuneration
FOR | AGAINST | ABSTAIN | ||||||||
No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | |||||
7,061,692 | 89.32 | 663,328 | 8.39 | 180,768 | 2.29 |
Resolution 4 –Approval for authority to allot and issue shares
FOR | AGAINST | ABSTAIN | ||||||||
No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | |||||
2,880,505 | 91.23 | 239,491 | 7.59 | 37,244 | 1.18 |
Resolution 5 –Approval for share purchase mandate
FOR | AGAINST | ABSTAIN | ||||||||
No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | No. of votes | % of total votes exercised at AGM | |||||
3,058,701 | 96.88 | 67,325 | 2.13 | 31,214 | 0.99 |
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of online games and cloud computing services. GigaMedia’s online games business is an innovative leader in Asia with growing game development, distribution and operation capabilities, as well as platform services for games; focus is on mobile games and social casino games. The company’s cloud computing business is focused on providing enterprises in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness. More information on GigaMedia can be obtained from www.gigamedia.com.
The statements included above and elsewhere in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company’s current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia’s Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2016.