Denison Mines announces $250 million convertible notes offering
LONDON - UBS Group AG (NYSE:UBS) has reduced its stake in Hunting PLC (LSE:LON:HTG) to below the 5% reporting threshold, according to a regulatory filing released Thursday.
The investment bank and global wealth management division of UBS Group AG reported that its trading book holdings in the energy services company fell below the 5% level on July 14, making them exempt from further reporting requirements.
Prior to this reduction, UBS held a 5.31% stake in Hunting PLC. Following the transaction, UBS’s voting rights attached to shares in Hunting have been reduced to zero, according to the standard form for notification of major holdings submitted to the London Stock Exchange (LON:LSEG).
The notification, filed on July 15 and published today, is in accordance with UK financial regulations that require investors to disclose when their holdings cross certain thresholds.
Hunting PLC, listed on the London Stock Exchange, provides equipment and services to the oil and gas industry globally.
The disclosure was made through a regulatory news service filing based on the TR-1 standard form for notification of major holdings, as required by the Financial Conduct Authority for companies with shares trading on UK exchanges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.