GigaMedia Limited Announced the Result of Annual General Meeting Held on 24 June 2021

GigaMedia Limited (NASDAQ: GIGM) held its Annual General Meeting (AGM) on June 24, 2021, where all resolutions presented were approved.

Rhea-AI Summary

GigaMedia Limited (NASDAQ: GIGM) held its Annual General Meeting (AGM) on June 24, 2021, where all resolutions presented were approved. Key outcomes include:

• Adoption of audited financial statements: 99.04% in favor
• Appointment of auditors: 99.09% in favor
• Approval of Directors' remuneration: 96.69% in favor
• Authority to allot and issue shares: 96.46% in favor
• Share purchase mandate: 97.95% in favor

This strong support reflects shareholder confidence in GigaMedia's digital entertainment services.

Positive

• All resolutions at the AGM were approved with significant majorities, indicating strong shareholder support.
• Adoption of audited financial statements received 99.04% approval, reflecting confidence in financial transparency.

Negative

• None.

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TAIPEI, June 24, 2021 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider, wishes to announce that at the Annual General Meeting ("AGM") of the Company held on 24 June 2021, all resolutions relating to the matters set out in the Notice of AGM dated 21 May 2021 were 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
3,837,788	99.04	27,479	0.71	9,541	0.25

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
3,839,369	99.09	29,102	0.75	6,337	0.16

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
3,746,581	96.69	103,447	2.67	24,780	0.64

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
3,737,674	96.46	125,091	3.23	12,043	0.31

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
3,795,219	97.95	68,222	1.76	11,367	0.29

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw.

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 2021.

View original content:http://www.prnewswire.com/news-releases/gigamedia-limited-announced-the-result-of-annual-general-meeting-held-on-24-june-2021-301319364.html

SOURCE GigaMedia

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the results of GigaMedia's AGM held on June 24, 2021?

At the AGM, all resolutions were approved, including the adoption of audited financial statements with 99.04% in favor.

How did shareholders vote on the appointment of auditors at GigaMedia's AGM?

The appointment of auditors was approved with 99.09% of the votes in favor.

What percentage of GigaMedia shareholders approved the Directors' remuneration?

The Directors' remuneration was approved by 96.69% of shareholders.

Was there shareholder support for the authority to allot and issue shares during the AGM?

Yes, 96.46% of shareholders approved the authority to allot and issue shares.

What was the outcome of the share purchase mandate resolution at GigaMedia's AGM?

The share purchase mandate was approved by 97.95% of the votes, indicating strong shareholder backing.