BrainChip Holdings Ltd. Announces Results Of Annual General Meeting

| Source: BrainChip Holdings Ltd. BrainChip Holdings Ltd.

ALISO VIEJO, CA--(Marketwired - May 31, 2017) - 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.

Contact Information:

Company Contact
Robert Beachler

+1 (949) 330-6750

Investor Relations Contact (US):
Laura Guerrant-Oiye
Principal
+1 (808) 960-2642


Media Contact:
Harrison Polites
Media and Capital Partners

+61 409 623 618

Investor Relations (Australia):
Brendon Lau
Media and Capital Partners

+61 409 341 613