Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc Stock Exchange Release November 15, 2017, at 3:55 p.m.
Nokian Tyres has received an announcement from BlackRock, Inc. on November 15, 2017, according to which BlackRock, Inc.'s indirect holding in Nokian Tyres shares fell below level of 5% of the share capital in Nokian Tyres plc, as a result of a share transactions concluded on November 14, 2017. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has decreased to 6,856,776 shares, corresponding to 4.99% of Nokian Tyres’ shares and voting rights.
The mutual funds managed by BlackRock, Inc. held on deal date a total of 7,680,336 Nokian Tyres’ shares representing 5.59% of company’s 137,201,374 shares and voting rights.
Total positions of BlackRock, Inc. and its funds subject to the notification:
| % 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) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 4.99% | 0.60% | 5.59% | 137,201,374 |
| Positions of previous notification | 5.20% | 0.30% | 5.50% |
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 ISIN code |
Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
|
| FI0009005318 | 6,856,776 | 4.99% | ||
| SUBTOTAL A | 6,856,776 | 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 | 636,114 | 0.46% |
| CFD | N/A | N/A | Cash | 187,446 | 0.13% |
| SUBTOTAL B | 823,560 | 0.60% |
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com
Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 27 countries. In 2016 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com