GigaMedia AGM Passes 98% Share Purchase Mandate and 97.6% Share Issuance Approval
GIGM•At its June 25 AGM, GigaMedia shareholders approved five resolutions including a 98.06% vote in favor of a share purchase mandate and a 97.65% vote authorizing share allotment. Audited financial statements, auditor appointment and directors’ remuneration were also approved with over 97% support.
1. AGM Resolutions Passed
GigaMedia held its Annual General Meeting on June 25, 2026, where shareholders voted on five key resolutions covering audited financials, auditor appointment, directors’ remuneration, share issuance authority and a share purchase mandate.
2. Voting Outcomes
Audited financial statements received 4,501,130 votes (99.05%) for approval; auditor appointment secured 7,619,119 votes (98.25%); directors’ remuneration passed with 4,441,310 votes (97.74%); share allotment authority obtained 4,437,343 votes (97.65%); and the share buyback mandate garnered 4,455,892 votes (98.06%).
3. Strategic Implications
With authorities to issue shares and repurchase stock now approved, GigaMedia gains flexibility to manage its capital structure and potentially support share price, while reappointment of auditors and board remuneration oversight reinforce governance stability.
