EQS Group-News: u-blox AG / Key word(s): Corporate
Action
u-blox AG: u-blox to repay outstanding bond
08.04.2021 / 07:00
Ad Hoc Press Release
u-blox to repay outstanding bond
Thalwil, Switzerland - 8 April 2021 - u-blox
(SIX:UBXN,OTC:UBLXF), a global leader in wireless and
positioning technologies, announces that the
outstanding CHF 60 million bond with a coupon of
1.625% p.a. and maturing on 27 April, 2021 will be
entirely repaid from existing cash.
Following this repayment, the company's cash balance
will be approximately CHF 40 million.
u-blox has sizeable credit lines with banks for added
flexibility and to supplement the existing strong
cash balance.
About u-blox
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.
Find us on
www.u‑blox.com,
Facebook,
LinkedIn, Twitter
@ublox and
YouTube
Financial calendar
Annual General Meeting: 22 April, 2021
Half year results 2021: 20 August, 2021
Analyst day: 23 November, 2021
u-blox investor releations contacts:
Switzerland and Europe:
Doris Rudischhauser, c/o Dynamics Group AG
Phone: +41 79 410 81 88
E-mail: dru@dynamicsgroup.ch
US:
Jeehae Linford, c/o The Equity Group Inc.
Phone: +1 (404) 840-3122
E-mail: jlinford@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
Disclaimer
This release contains certain forward-looking
statements. Such forward-looking statements reflect
the current views of management and are subject to
known and unknown risks, uncertainties and other
factors that may cause actual results, performance or
achievements of the u-blox Group to differ materially
from those expressed or implied. These include risks
related to the success of and demand for the Group's
products, the potential for the Group's products to
become obsolete, the Group's ability to defend its
intellectual property, the Group's ability to develop
and commercialize new products in a timely manner,
the dynamic and competitive environment in which the
Group operates, the regulatory environment, changes
in currency exchange rates, the Group's ability to
generate revenues and profitability, and the Group's
ability to realize its expansion projects in a timely
manner. Should one or more of these risks or
uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary
materially from those described in this report.
u-blox is providing the information in this release
as of this date and does not undertake any obligation
to update any forward-looking statements contained in
it as a result of new information, future events or
otherwise.
