Eroad Says UBS Group Becomes Substantial Holder

MT Newswires Live

01/08

Eroad (NZE:ERD, ASX:ERD) received notice that UBS Group and its affiliated entities became substantial holders of the fleet management provider on Monday, according to a Thursday filing with the New Zealand bourse.

The financial services firm and its affiliates own 9.5 million shares in the company, representing a 5.05% total voting power, the filing said.

Eroad's Kiwi shares shed over 1% in recent Thursday trade.

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