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Investor press releases

16 October 2007

u-blox Holding AG launches IPO on the SWX Swiss Exchange

FOR RELEASE IN SWITZERLAND - THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON PROHIBITED BY THE LEGENDS CONTAINED HEREIN. NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. Press Re

Thalwil, Switzerland – October 16, 2007 – u‑blox Holding AG publishes today the details of its planned initial public offering (IPO) on the SWX Swiss Exchange. The price range for the registered shares being offered will be between CHF 42 and CHF 54 per share. Bookbuilding will start today and is expected to end on October 25, 2007, 12.00 noon (CET). The first trading day on the main segment of the SWX Swiss Exchange is planned for October 26, 2007.

 

u‑blox, a leading Swiss technology provider in the rapidly growing global GPS market, has announced further details about its planned IPO and listing on the SWX Swiss Exchange. Up to 2,657,981 registered shares, with nominal value of CHF 0.90 each, are to be offered between CHF 42 and CHF 54 per share. Of the offered shares, 1,250,000 shares will be newly issued shares, and up to 1,407,981 shares will be sold by existing (pre‑IPO) shareholders. In addition, the existing shareholders have granted the managers of the offering an over‑allotment option of up to 15% of the base offering size. The free float will amount to approximately 42.6% excluding the exercise of the over‑allotment option or approximately 49.0% if the over‑allotment option is exercised in full. Based on the price range mentioned, the market capitalisation of u‑blox will be between
CHF 262.2 million and CHF 337.1 million. u‑blox intends to use the net proceeds from the newly issued shares for the implementation of its growth strategy and the further expansion of its market position.

 

The IPO will consist of a public offering in Switzerland and private placements to institutional investors in certain other jurisdictions. Pre‑IPO shareholders will continue to be shareholders in the company. The principal selling shareholders have committed themselves to a lock‑up period of 180 days. The company has agreed to a lock‑up period of 180 days and members of the management and board of directors have agreed to a lock‑up period of 365 days.

 

Thomas Seiler, Chief Executive Officer of u‑blox, commented: “As a leading global technology provider in the GPS market, u‑blox is in an excellent position to take advantage of the exceedingly strong market growth for GPS chipsets and GPS modules that is expected in the coming years. The IPO will enable us to pursue our growth strategy and at the same time, it will allow a larger circle of investors to participate in u‑blox’ success story.”

 

Credit Suisse is acting as Global Coordinator and Sole Bookrunner. Members of the bank syndicate include Zürcher Kantonalbank as Co‑Lead Manager and Helvea SA as Selling Agent.

 

A press conference for journalists and newswires will be held (in German) today, Tuesday, October 16, 2007.

 

10:00 a.m.    

PRESS CONFERENCE

ConventionPoint

SWX Swiss Exchange

Selnaustrasse 30

CH – 8021 Zürich

 

Speakers:

Thomas Seiler, Chief Executive Officer

Jean‑Pierre Wyss, Co‑founder and Chief Financial Officer


The IPO details at a glance

Price range

CHF 42 to CHF 54

Base offering

Up to 2,657,981 registered shares (excl. greenshoe)

Of these,1,250,000 shares are newly issued registered shares and 1,407,981 registered shares are sold by existing (pre‑IPO) shareholders

Over‑allotment option (greenshoe)

Up to 15% of base offering

Free float

Approx. 42.6% (excl. greenshoe)

Approx. 49.0% (post fully exercised greenshoe)

Lock‑up period

180 days for the company

180 days for principal selling shareholders as well as others under the lock‑up clause

365 days for members of management and board of directors

Bookbuilding period

Start on October 16, 2007

Expected to end on October 25, 2007 (12.00 noon CET)

Announcement of issue price

Planned for October 26, 2007, before start of trading

First trading day

Expected on October 26, 2007

Payment and delivery of shares

Expected on October 31, 2007

Swiss Security Number (Valorennummer)

3336167

ISIN Number

CH0033361673

SWX Ticker Symbol

UBXN

 

Syndicate

Credit Suisse (Global Coordinator and Sole Bookrunner)

Zürcher Kantonalbank (Co‑Lead Manager)

Helvea SA (Selling Agent)