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FOR IMMEDIATE RELEASE
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For further information contact: |
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Amanda Chang
Investor Relations Department
Country/City Code 8862 Tel: 2656-8080
amanda.chang@gigamedia.com.tw |
RESULT OF EXTRAORDINARY GENERAL MEETING HELD ON 16 DECEMBER 2015
TAIPEI, Taiwan, December 16, 2015 GigaMedia Limited (NASDAQ: GIGM), an online games and computing
services provider, wishes to announce that at the Extraordinary General Meeting (EGM) of the
Company held on 16 December 2015, the sole resolution relating to the matter set out in the Notice
of EGM dated 24 November 2015 was duly passed.
The following is the poll result in respect of the ordinary resolution passed at the EGM of the
Company:
Resolution To approve to effect a reverse share split of the Companys Ordinary Shares by a ratio
of five to one
Total Outstanding Shares: 55,261,661
Total Shares Voted: 42,960,487
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FOR |
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AGAINST |
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ABSTAIN |
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No. of votes
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% of total votes
exercised at EGM
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No. of votes
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% of total votes
exercised at EGM
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No. of votes
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% of total votes
exercised at EGM
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38,495,541 |
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89.61
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4,365,621 |
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10.16 |
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99,325 |
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0.23 |
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The Company will execute reverse splits of the issued and outstanding shares including but not
limited to common shares, shares granted by employee plans, options, restricted stock awards, and
units, warrants and convertible or exchange securities, effective at the open of the market on
December 16, 2015. Based upon the Reverse Share Split Scheme, proportionate adjustments are
generally required to be made to the per share exercise price and the number of shares issuable
upon the exercise or conversion of all outstanding options.
About GigaMedia
Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a
diversified provider of online games and cloud computing services. GigaMedias 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 companys 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 companys 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 GigaMedias Annual Report on Form 20-F filed with the United States Securities and Exchange
Commission in April 2015.
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