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EROAD ( (ERDLF) ) has shared an update.
UBS Group AG and its related bodies corporate have filed a disclosure stating they have ceased to be a substantial product holder in EROAD Limited, after reducing their stake in the company’s ordinary shares. Their holding fell from 9,431,807 shares, or 5.02% of EROAD’s issued capital, to 5,285,493 shares, representing 2.81%, meaning UBS is no longer required to report as a substantial shareholder, a development that may signal shifting institutional interest and could influence perceptions of EROAD’s shareholder base and liquidity profile.
More about EROAD
EROAD Limited is a New Zealand-listed company whose ordinary shares trade on the NZX, attracting institutional and international investors as substantial product holders under New Zealand’s Financial Markets Conduct Act 2013.
See more insights into ERDLF stock on TipRanks’ Stock Analysis page.