BlackRock's indirect shareholding in UPM has gone below the threshold of 5 per cent
October 22 2019 - 2:30AM
BlackRock's indirect shareholding in UPM has gone below the
threshold of 5 per cent
UPM-Kymmene Corporation Stock Exchange Release (Flagging
Release) 22 October 2019 at 09:30 EET
BlackRock's indirect shareholding in UPM has gone below
the threshold of 5 per cent
UPM-Kymmene Corporation has on 21 October 2019 received an
announcement under Chapter 9, Section 5 of the Securities Markets
Act, according to which BlackRock, Inc.'s indirect shareholding of
UPM shares and voting rights has gone below the threshold of 5 per
cent on 18 October 2019.
According to the announcement, BlackRock, Inc.’s indirect
shareholding in UPM has decreased to 26,682,915 shares,
corresponding to 4.99 per cent of UPM shares and voting rights. The
total number of UPM shares and voting rights owned directly or
through financial instruments by BlackRock, Inc. and its funds was
5.23 per cent on 18 October 2019. UPM's registered total number of
shares and voting rights amounting to 533,735,699 has been used in
the calculation of percentages for the announcement.
Total positions of BlackRock, Inc. and its funds:
|
% of shares and voting rights (total of A) |
% of shares and voting rights through financial instruments
(total of B) |
Total of both in %(A + B) |
Resulting situation on the date on which threshold was crossed or
reached |
4.99% |
0.23% |
5.23% |
Position of previous notification (if applicable) |
5.10% |
0.18% |
5.28% |
Notified details of the resulting situation on the date on which
the threshold was crossed or reached:
A: Shares and voting rights
Class/type of shares |
Number of shares and voting rights |
Number of shares and voting rights |
% of shares and voting rights |
% of shares and voting rights |
ISIN code (if possible) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
FI0009005987 |
|
26,682,915 |
|
4.99% |
SUBTOTAL A |
|
26,682,915 |
|
4.99% |
B: Financial Instruments according to SMA
9:6a
Type of financial instrument |
Expiration date |
Exercise/Conversion period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
Securities Lent |
N/A |
N/A |
Physical |
876,647 |
0.16% |
CFD |
N/A |
N/A |
Cash |
393,376 |
0.07% |
|
|
|
SUBTOTAL B |
1,270,023 |
0.23% |
Full chain of controlled undertakings through which the voting
rights and financial instruments are effectively held:
Name |
% of shares and voting rights |
% of shares and voting rights through financial
instruments |
Total of both |
BlackRock Japan Co., Ltd. |
|
|
Below 5% |
BlackRock Investment Management, LLC |
|
|
Below 5% |
BlackRock Investment Management (UK) Limited |
|
|
Below 5% |
BlackRock Investment Management (Australia) Limited |
|
|
Below 5% |
BlackRock International Limited |
|
|
Below 5% |
BlackRock Institutional Trust Company, National Association |
|
|
Below 5% |
BlackRock Fund Advisors |
|
|
Below 5% |
BlackRock Financial Management, Inc. |
|
|
Below 5% |
BlackRock Asset Management North Asia Limited |
|
|
Below 5% |
BlackRock Asset Management Deutschland AG |
|
|
Below 5% |
BlackRock Asset Management Canada Limited |
|
|
Below 5% |
BlackRock Advisors, LLC |
|
|
Below 5% |
BlackRock Advisors (UK) Limited |
|
|
Below 5% |
BlackRock (Singapore) Limited |
|
|
Below 5% |
BlackRock (Netherlands) B.V. |
|
|
Below 5% |
*
UPM-Kymmene CorporationPirkko HarrelaExecutive Vice President,
Stakeholder Relations
UPM, Media Relations Mon-Fri 9:00-16:00 EETtel.
+358 40 588 3284 media@upm.com
UPMWe deliver renewable and responsible
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Specialty Papers, UPM Communication Papers and UPM Plywood. We
employ around 19,000 people worldwide and our annual sales are
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