TAIPEI, Taiwan, Dec. 16, 2015 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM), an online games and computing services provider,
announces 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 Company's Ordinary Shares by a ratio of five to one
Total Outstanding Shares: 55,261,661
Total Shares Voted: 42,960,487
FOR
|
AGAINST
|
ABSTAIN
|
No. of
votes
|
% of total votes
exercised at EGM
|
No. of
votes
|
% of total votes
exercised at EGM
|
No. of
votes
|
% of total votes
exercised at EGM
|
38,495,541
|
89.61
|
4,365,621
|
10.16
|
99,325
|
0.23
|
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. 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 2015.
Contact:
Amanda Chang
Investor Relations Department
Tel: +886-2-2656-8080
amanda.chang@gigamedia.com.tw
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/result-of-extraordinary-general-meeting-held-on-16-december-2015-300193764.html
SOURCE GigaMedia