BrainChip Holdings Ltd. Announces Results Of Annual General Meeting
ALISO VIEJO, CA — (Marketwired) — 05/31/17 —
BrainChip Holdings Ltd. (ASX: BRN) (“BrainChip” or “the Company“), a leading developer of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications, is pleased to announce pursuant to ASX Listing Rule 3.13.2, that all resolutions put to shareholders at the Company’s Annual General Meeting were passed.
In accordance with section 251AA(1) of the Corporations Act 2001 (Cth), the following is provided in relation to the Resolutions considered by the Company’s shareholders.
The Company received proxies from 170 shareholders representing approximately 24% of the Company’s issued capital who had directed their voting preferences as follows: resolution.
| RESOLUTION | FOR | AGAINST | CHAIRMAN’S DISCRETION | ABSTAIN | ||||
| 1. Approval of the Remuneration Report | 181,297,418 | 14,620,623 | 597,156 | 1,032,272 | ||||
| 2. Election of Director – Louis DiNardo | 466,704,402 | 226,730 | 647,156 | 409,689 | ||||
| 3. Election of Director – Julie H Stein | 466,700,401 | 230,730 | 647,157 | 409,689 | ||||
| 4. Re-election of Director – Peter van der Made | 305,608,239 | 147,385 | 669,076 | 161,563,277 | ||||
| 5. Issue of Options to a Director – Julie H Stein | 403,465,294 | 63,379,645 | 609,656 | 533,382 | ||||
| 6. Issue of Options to a Director – Eric (Mick) Bolto | 284,502,411 | 181,281,800 | 597,156 | 1606,610 | ||||
| 7. Issue of Options to a Director – Adam Osseiran | 282,867,198 | 182,735,945 | 755,401 | 1,629,433 | ||||
| 8. Approval of an increase in fees paid to Non-executive Directors | 166,615,210 | 138,883,216 | 597,156 | 586,887 | ||||
About BrainChip Holdings Ltd. (ASX: BRN)
BrainChip Holdings Ltd. is a leading provider of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications. The Company has developed a revolutionary new Spiking Neural Adaptive Processor (SNAP) technology that can learn autonomously, evolve and associate information just like the human brain. The technology, which is proprietary, is fast, completely digital, and consumes very low power. The Company provides software and hardware solutions that address the high-performance requirements in Civil Surveillance, Gaming, Facial Recognition and Visual Inspection systems. www.brainchipinc.com.
Company Contact
Robert Beachler
Email Contact
+1 (949) 330-6750
Investor Relations Contact (US):
Laura Guerrant-Oiye
Principal
+1 (808) 960-2642
Email Contact
Media Contact:
Harrison Polites
Media and Capital Partners
Email Contact
+61 409 623 618
Investor Relations (Australia):
Brendon Lau
Media and Capital Partners
Email Contact
+61 409 341 613
Source: BrainChip Holdings Ltd.
