UBS board may return previously granted bonuses

8220;The Board of Directors will make this status report for information purposes and outside of the agenda items of the Extraordinary General Meeting. No resolution will be adopted under this item,8221; UBS said in a statement on Wednesday.

UBS shareholders will vote on the raising of 6 billion Swiss francs 5.19 billion from mandatory convertible notes to be placed with the Swiss government, which will have a 9.3 per cent stake in UBS once the notes are converted.

Switzerland8217;s biggest bank also said it would transfer 60 billion of toxic assets into a new fund controlled by the central bank.