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EROAD ( (ERDLF) ) has provided an update.
UBS Group AG and related entities have disclosed a 5.02% substantial shareholding in EROAD Limited, holding 9,431,807 ordinary shares out of 187,966,817 on issue. The position is split across UBS AG’s Australia and London branches and UBS Asset Management (Australia) Ltd through a mix of prime broking arrangements, stock borrowing and lending activities, cash-settled swap derivatives, and fund management holdings, signalling increased institutional involvement and potentially greater liquidity and market attention for EROAD’s stock.
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