22 Apr 2021
Thalwil, Switzerland – 22 April 2021 – u-blox (SIX:UBXN), a global leader in wireless and positioning technologies, announced the results related to the voting items of its 2020 Annual General Meeting (the “AGM”), which was held today at the headquarters of the company in Thalwil, Switzerland. Due to the continuing risks associated with COVID-19 and based on the extension of the COVID-19 Ordinance of the Federal Council on 11 September 2020, the AGM was held without the physical presence of shareholders, who were able to exercise their shareholder rights and cast their votes through the independent proxy.
At the AGM, the independent proxy represented a total of 2,947,444 shares corresponding to 41.43% of the share capital. The shareholders approved all proposals of the Board of Directors (the “Board”).
The shareholders approved the annual report, financial statements, and consolidated financial statements for 2020, and the appropriation of available profit as reported for 2020. The shareholders granted discharge to the members of the Board and the Executive Committee for the fiscal year 2020.
In terms of share capital, the shareholders approved an increase in amount of conditional share capital by 120,400 shares to 355,645 shares. The shareholders authorize the board to increase the share capital at any time but by no later than April 30, 2023, by way of issuance of no more than 700’000 registered shares that are to be fully paid in with a nominal value of CHF 14.80 each, by a maximum nominal amount of CHF 10’360’000.
The shareholders approved in non-binding votes the compensation for the members of the Board for the period between the Annual General Meeting 2020 and the Annual General Meeting 2021, and the compensation for the Executive Committee for the financial year 2020. Furthermore, the Board requested and received shareholder approval for compensation of the Board and the Executive Committee for the financial year 2022 at the same levels as in the previous year.
The shareholders re-elected André Müller as Chairman, as well as Gina Domanig, Ulrich Looser, Annette Rinck, Markus Borchert, Thomas Seiler and Jean-Pierre Wyss as members of the Board. The shareholders also re-elected Gina Domanig and Markus Borchert to the Nomination and Compensation Committee.
KBT Treuhand AG, Zürich was re-elected as independent proxy and KPMG AG, Luzern was re-elected as auditor.
The complete agenda and explanatory notes, including all the proposed resolutions presented at the Meeting, as well as all related materials, are available on the company’s website. The minutes of the AGM will be posted on the Annual General Meeting page of the company’s website within 1 week.
u-blox (SIX:UBXN) is a global provider of leading positioning and wireless communication technologies for the automotive, industrial, and consumer markets. Their solutions let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and a growing ecosystem of product supporting data services, u-blox is uniquely positioned to empower its customers to develop innovative solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA.
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|Half year results 2021:||20 August, 2021|
|Analyst day:||23 November, 2021|
Doris Rudischhauser, c/o Dynamics Group AG
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