EX-99.1 2 d204738dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO       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
votes exercised

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
votes exercised

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.