UBS has successfully completed its CHF 15.97 billion rights offering, which was approved by its shareholders at the Annual General Meeting on 23 April 2008.
As part of the ordinary increase of its share capital, UBS has issued 760,295,181 new shares with a par value of CHF0.10 each. The subscription price of the new shares was set at CHF 21.00. Subscription rights for 755,466,901 new shares were exercised, representing 99.4% of all new shares offered. 4,828,280 new shares, for which subscription rights were not validly exercised, will be sold by UBS Investment Bank in open market transactions on 13 June 2008..
Trading in the new shares is expected to commence on SWX Europe, the New York Stock Exchange and the Tokyo Stock Exchange. Payment and settlement of the new shares is expected to take place on 17 June 2008.