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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GigaMedia Ltd | NASDAQ:GIGM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.37 | 1.34 | 1.37 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
GIGAMEDIA LIMITED |
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(Translation of registrants name into English) | ||||
8F, NO. 22, LANE 407,SEC. 2, TIDING BLVD.,TAIPEI 114, TAIWAN | ||||
(Address of principal executive office) |
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ] | ||||
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ] | ||||
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No | ||||
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
GIGAMEDIA LIMITED | ||
Date: 12/16/2015 | By: |
Collin Hwang |
Name: | Collin Hwang | |
Title: | Chief Executive Officer | |
Exhibit No. | Description | |
|
|
|
99.1 | EGM Result for Proposal of Reverse Share Split | |
FOR IMMEDIATE RELEASE | For further information contact: |
|
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
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. 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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