Zurich, 15 May 2017 – UBS Group AG (UBSG), has been informed by GIC Private Limited that it intends to sell up to 93,000,000 existing shares in UBS Group AG, equivalent to 2.4% of the outstanding shares and voting rights in UBS Group AG through an accelerated bookbuild offering to institutional investors
After completion of the offering, GIC Private Limited will hold less than 3% of the outstanding shares in UBS Group AG. GIC Private Limited on its own behalf and on behalf of any person controlled by or controlling or under common control with GIC Private Limited, has agreed to a 90 day lock-up on those outstanding shares, subject to customary exceptions. UBS Group AG will not receive any proceeds from the Transaction.
UBS Investment Bank is acting as placement agent in the Transaction.
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