- ISIN: CH0033361673
- Land: Schweiz
Nachricht vom 08.11.2019 | 18:30
u-blox AG: Extraordinary general meeting with regard to capital increase through conversion of capital contribution reserves (nominal value increase)
EQS Group-News: u-blox AG
/ Key word(s): Capital Increase
Extraordinary general meeting with regard to capital increase through conversion of capital contribution reserves (nominal value increase)
Thalwil, Switzerland - November 8, 2019 - u-blox (SIX:UBXN; OTC: UBLXF), a leading global provider of positioning and wireless communications technologies, today announced the date for an extraordinary general meeting of shareholders. The extraordinary general meeting will take place on 12. December, at 14:00 CET, in the Tischenloostrasse 55, Thalwil.
In connection with Tax Reform III and the resulting changes to the tax law decided by the Canton of Zurich, the possibility of distributing dividends from capital investment reserves without withholding tax will be reduced to 50%. In order to enable shareholders to continue to receive tax-free dividends in the future, capital reserves are to be converted into nominal value. This will increase the share capital. After 1 January 2020, this nominal value increase will again offer the possibility of distributing withholding tax-free dividends to shareholders in the form of nominal value repayments.
In addition, this extraordinary general meeting is to be used to restore the authorized capital that expired at the end of 2018 in order to allow the company the chance for any possible future acquisitions.
|Phone:||+41 44 722 74 44|
|Fax:||+41 44 722 74 47|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||908629|
|End of News||EQS Group News Service|