UBS AG Crosses 5% Ownership Threshold in Outotec
UBS AG's combined ownership has exceeded the 5 percent threshold of Outotec Oyj's share capital. The stake amounts to 2.29 million shares, representing 5.44 percent.
Helsinki – UBS AG announced on May 8, 2007, that it has surpassed the five percent ownership threshold in Outotec Oyj. The Swiss banking group now holds 2,285,643 Outotec shares, which represents 5.44 percent of the company's total share capital and voting rights.
The notification was made in accordance with Chapter 2, Section 10 of the Finnish Securities Market Act. The threshold crossing occurred on April 24, 2007. Outotec's total number of shares is 42 million, with each share carrying one vote at the general meeting.
The announcement did not provide further details on UBS AG's investment strategy or the reasons for the increase in ownership. A rise in a publicly traded company's ownership can signal increased investor interest or strategic shifts within the company or its market.