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LONDON - UBS Group AG (NYSE:UBS) has acquired a 5.37% stake in Hunting (LON:HTG) PLC, according to a regulatory filing released Tuesday.
The investment bank and global wealth management firm now holds 8,859,620 voting rights in the company, crossing the notification threshold on July 7, as disclosed in a standard form for notification of major holdings.
The stake is held through UBS AG, a controlled undertaking of UBS Group AG, according to the filing. The position consists entirely of voting rights attached to shares, with no additional financial instruments reported.
Hunting PLC, listed on the London Stock Exchange (LON:LSEG), made the announcement in accordance with UK regulatory requirements for transparency of major shareholdings.
The notification, completed in Zurich, Switzerland, was submitted to the company on July 8, as required by Financial Conduct Authority regulations.
The information was provided through a company press release statement via the Regulatory News Service (RNS) of the London Stock Exchange.
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