Webjet Limited (AU:WEB) has released an update.
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UBS Group AG has become a substantial holder in Web Travel Group Limited, acquiring a 5.01% voting power, which translates to 19,666,230 ordinary shares. The acquisition includes various interests through UBS’s branches and related fund managers, with UBS Securities Australia Ltd and beneficial owners holding significant portions of both ordinary shares and options. Registered holders of the securities include UBS nominees and various custodians, indicating UBS’s strategic positioning within Web Travel Group.
For further insights into AU:WEB stock, check out TipRanks’ Stock Analysis page.
