STOCK TITAN

u-blox AG: u-blox Shareholders Approve All Motions Proposed by the Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

u-blox Holding AG announced that during its Annual General Meeting (AGM) on April 19, 2023, shareholders overwhelmingly approved all proposals by the Board of Directors. Chairman André Muller expressed gratitude for shareholder support and emphasized the company’s commitment to innovation and growth, particularly in automotive and industrial IoT applications.

The AGM minutes and related materials will be available on the u-blox website. Upcoming financial milestones include the release of half-year revenues on July 12, 2023, half-year results on August 18, 2023, and nine-month revenue on October 11, 2023.

Positive
  • All proposals by the Board were approved by a large majority, indicating strong shareholder support.
  • Focus on innovation and growth opportunities in automotive and industrial IoT sectors.
Negative
  • None.

THALWIL, SWITZERLAND / ACCESSWIRE / April 20, 2023 / u-blox Holding AG (SIX:UBXN), a global leader in wireless and positioning technologies, announces the results related to the shareholder votes of its Annual General Meeting 2023 (the "AGM"), held yesterday, 19 April 2023, at the Seminarhotel Bocken, Horgen, Switzerland. The AGM approved all proposals by the Board of Directors (the "Board") by a large majority.

André Muller, Chairman of the Board, states: "We thank our shareholders for their ongoing support and trust as expressed by the approval of all proposed agenda items. Together with my colleagues on the Board and in close collaboration with our CEO Stephan Zizala and his team, we strive to continue our growth journey thanks to continued investments in innovation aiming to capture numerous opportunities we see for automotive and industrial IoT applications."

The minutes of the AGM, including explanatory notes and related material will be available on the company's website and can be accessed using the following link https://www.u-blox.com/en/AGM .

Financial calendar Half-year revenues 2023: 12 July 2023 Half-year results 2023: 18 August 2023 Nine-month revenue: 11 October 2023

About u‑blox
u-blox (SIX: UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial and consumer markets. Its smart and reliable solutions, services and products 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 secure data services and connectivity, u-blox is uniquely positioned to empower its customers to develop innovative and reliable 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. ( www.ublox.com )

Find us on Facebook , LinkedIn , Twitter @ublox and YouTube

u‑blox investor relations contacts:
Switzerland and Europe:
Doris Rudischhauser, c/o Dynamics Group AG
Phone: +41 79 410 81 88
E‑mail: doris.rudischhauser@u-blox.com

US:
Lena Cati, c/o The Equity Group Inc.
Phone: +1 (212) 836-9611
E‑mail: lcati@equityny.com

Val Ferraro, c/o The Equity Group Inc.
Phone: +1 (212) 836-9633
E‑mail: vferraro@equityny.com

u‑blox AG
Zürcherstrasse 68
8800 Thalwil
Switzerland
Phone +41 44 722 74 44
Fax +41 44 722 74 47
info@u-blox.com
www.u‑blox.com

SOURCE: u-blox AG



View source version on accesswire.com:
https://www.accesswire.com/750310/u-blox-AG-u-blox-Shareholders-Approve-All-Motions-Proposed-by-the-Board-of-Directors

FAQ

What were the results of the u-blox AGM held on April 19, 2023?

During the AGM, all proposals presented by the Board of Directors were approved by a large majority, demonstrating strong shareholder support.

What are the key financial dates for u-blox in 2023?

u-blox will announce half-year revenues on July 12, half-year results on August 18, and nine-month revenue on October 11.

What is the significance of shareholder approval at u-blox's AGM?

The unanimous approval signifies strong confidence from shareholders in the Board's strategic vision and commitment to growth.

U-BLOX HLDG AG NAMEN AKT

OTC:UBLXF

UBLXF Rankings

UBLXF Latest News

UBLXF Stock Data

591.03M
6.89M
6.25%
54.53%
Communication Equipment
Technology
Link
United States of America
Thalwil