General Assembly 2008

Thalwil, 30. April 2008 - At their Annual General Meeting on 29^th of April in Thalwil, the shareholders of u-blox Holding AG approved all proposals of the Board of Directors. 219 shareholders attended the meeting. A total of 3’737’708 voting shares were represented, corresponding to 60% of the overall share capital.

 

The shareholders approved the annual report and the 2007 accounts of the Holding and the consolidated accounts of the u-blox Group.

 

The meeting approved the appropriation of the available earnings of the Holding, which totalled CHF 167’661.

 

The shareholders discharged the Board of Directors and the Executive Committee for their activities in 2007.

 

KPMG AG of Root/Luzern was reappointed as statutory and group auditor for a further term of one year.

 

Fritz Fahrni was newly elected to the Board of Directors for 3 years. Hans-Ulrich Müller was re-elected to the Board of Directors for a further 3 years.

 

The Meeting approved an amendment to the articles of association and the issue of qualified incentive stock options to employees in the United States.