UBS Exceeds 5% Ownership Threshold in Outotec
UBS AG announced it has crossed the 5% ownership threshold in Outotec Oyj shares as of June 4, 2007. The bank's joint holding reached 5.02% of the company's shares.
Helsinki – UBS AG has reported crossing the five percent ownership threshold in Outotec Oyj shares. A stock exchange release on June 6, 2007, stated that the bank's joint holding reached 5.02% of the company's share capital and voting rights as of June 4, 2007.
The notification was made in accordance with the Securities Market Act. UBS AG held 2,110,492 Outotec shares at the time of the announcement. The company's total share capital consists of 42,000,000 shares, with each share carrying one vote at the general meeting.
Outotec Oyj is a global technology and services company for the mining and metals processing industries. Its business focuses on developing, supplying, and maintaining processes related to metal production.
Such a significant increase in ownership could signal heightened investor interest or preparations for potential corporate actions, though no further details were provided in the statement. The company's stock performance will be closely monitored going forward.