Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act

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Nokian Tyres plc Stock Exchange Release March 15, 2023 at 2:00 p.m.

Nokian Tyres has received an announcement from Bank of America Corporation on March 14, 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the total holding in Nokian Tyres shares and voting rights owned by Bank of America Corporation fell below the level of 5% of the share capital of Nokian Tyres plc, as a result of share transactions concluded on March 13, 2023.

The total holding of Bank of America Corporation in Nokian Tyres amounted to 6,056,679 shares, corresponding to 4.359777% of Nokian Tyres’ shares and voting rights. 

Total positions of Bank of America 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

 

0.694290%

 

3.665487%

 

4.359777%


138,921,750

Positions of previous notification

 

1.101324%

 

4.325991%

 

5.427315%

 

 

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

% 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

0

964,343

0

0.694163

US65528V1070

0

177

0

0.000127

Subtotal A

964,520

0.694290

 

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

Right to Recall

n/a

n/a

n/a

832,573

0.599311

Swaps

16/03/2023 -15/02/2028

n/a

Cash

4,259,586

3.066176

Subtotal B

 

 

 

5,092,159

3.665487

 

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name

% of shares and voting rights

% of shares and voting rights through financial instruments

Total of both

Bank of America Corporation

 

 

 

NB Holdings Corporation

 

 

 

BofAML Jersey Holdings Limited

 

 

 

BofAML EMEA Holdings 2 Limited

 

 

 

ML UK Capital Holdings Limited

 

 

 

Merrill Lynch International

 

 

 

 

 

 

 

Bank of America Corporation

 

 

 

NB Holdings Corporation

 

 

 

BAC North America Holdinq Company

 

 

 

Bank of America, National Association

 

 

 

 

 

 

 

Bank of America Corporation

 

 

 

NB Holdinqs Corporation

 

 

 

BofA Securities, Inc

 

 

 

Merrill Lynch Professional Clearing Corp.

 

 

 

 

 

 

 

Bank of America Corporation

 

 

 

NB Holdinqs Corporation

 

 

 

BofA Securities, Inc

 

 

 

 

Further information: 
Päivi Antola 
SVP, Communications, Investor Relations and Brand 
Tel. +358 10 401 7327, IR@nokiantyres.com

Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Our purpose is to empower the world to drive smarter. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2022, our segments net sales totaled EUR 1,350 million. At the end of 2022 we employed some 4,500 professionals. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com.

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