U-blox Shareholders Approve All Board Proposals at Extraordinary General Meeting

At the Extraordinary General Meeting held in Horgen on October 28, 2025, u-blox shareholders approved all motions proposed by the Board of Directors. Among the key decisions, Claudio Simao was elected as Chairman of the Board, with Ronald Ayles and Bernhard Spetsmann joining as board members until the next ordinary meeting. Simao and Ayles were also selected for the Nomination, Compensation and Sustainability Committee.

The approval is contingent upon the completion of a public tender offer by Advent International for all registered shares of u-blox, which will also lead to the company’s delisting from the SIX Swiss Exchange.

The meeting minutes will soon be available on the u-blox website. This step marks significant developments for u-blox, a Swiss leader in positioning and communication technologies.