UBS Holdings in Smurfit Kappa Drop Below Disclosure Threshold

Smurfit Kappa (GB:SKG) has released an update.

In a recent notification, Smurfit Kappa Group PLC announced that UBS Group AG’s holdings have decreased below the threshold that necessitates disclosure. On June 20, 2024, UBS’s voting rights in Smurfit Kappa fell to a mere 0.001%, prompting the notification. This marks a significant drop from the previous notification where UBS held a combined 5.41% of voting rights through shares and financial instruments.

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