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The latest announcement is out from EROAD ( (ERDLF) ).
UBS Group AG and its related entities have reduced their shareholding in EROAD Limited below the substantial holder threshold, cutting their stake in the company’s ordinary shares from 5.05% to 4.45%. The change, disclosed under New Zealand’s Financial Markets Conduct Act, signals a modest easing of UBS’s position in the transport technology firm’s register, a move that slightly increases EROAD’s free float and may marginally affect the balance of institutional versus other investors in the stock.
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