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

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Nokian Tyres plc Stock Exchange Release March 16, 2023 at 12:35 p.m.

Nokian Tyres has received an announcement from JPMorgan Chase & Co. on March 15, 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 the funds and accounts managed by JPMorgan Chase & Co. exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on March 14, 2023.

The total holding of JPMorgan Chase & Co. in Nokian Tyres amounted to 7,734,866 shares, corresponding to 5.57% of Nokian Tyres’ shares and voting rights. 

Total positions of person(s) subject to the notification obligation:

 

% 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

3.50%

2.07%

5.57%

138,921,750

Position of previous notification

Below minimum threshold

Below minimum threshold

Below minimum threshold

 

 

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

 

4,865,251

 

3.50%

Subtotal A

4,865,251

3.50%

 

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

Cash-settled Equity Swap

30/05/2023

30/05/2023

Cash

576,873

    0.42

Cash-settled Equity Swap

31/07/2023

31/07/2023

Cash

67,841

    0.05

Cash-settled Equity Swap

28/11/2023

28/11/2023

Cash

6,223

    0.00

Cash-settled Equity Swap

29/12/2023

29/12/2023

Cash

2,031

    0.00

Cash-settled Equity Swap

22/02/2024

22/02/2024

Cash

2,165

    0.00

Cash-settled Equity Swap

04/03/2024

04/03/2024

Cash

219,538

    0.16

Cash-settled Equity Swap

18/03/2024

18/03/2024

Cash

26,950

    0.02

Cash-settled Equity Swap

03/04/2024

03/04/2024

Cash

22,050

    0.02

Cash-settled Equity Swap

08/04/2024

08/04/2024

Cash

45,400

    0.03

Cash-settled Equity Swap

17/12/2024

17/12/2024

Cash

380,351

    0.27

Cash-settled Equity Swap

02/04/2027

02/04/2027

Cash

413,437

    0.30

Cash-settled Equity Swap

29/09/2027

29/09/2027

Cash

12,226

    0.01

Cash-settled Equity Swap

18/10/2027

18/10/2027

Cash

38,801

    0.03

Cash-settled Equity Swap

02/03/2028

02/03/2028

Cash

17,382

    0.01

Cash-settled Equity Swap

18/03/2025

18/03/2025

Cash

1,000,000

    0.72

Cash-settled Equity Swap

16/03/2028

16/03/2028

Cash

32,006

    0.02

Cash-settled Equity Swap

03/05/2024

03/05/2024

Cash

6,341

    0.00

 

 

 

SUBTOTAL B

2,869,615

2.07%

 

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, %

JPMorgan Chase & Co.

 

 

 

JPMorgan Chase Bank, National Association

 

 

 

J.P. Morgan International Finance Limited

 

 

 

J.P. Morgan Capital Holdings Limited

 

 

 

J.P. Morgan Securities plc

 

 

 

 

 

 

 

JPMorgan Chase & Co.

 

 

 

JPMorgan Chase Holdings LLC

 

 

 

J.P. Morgan Broker-Dealer Holdings Inc.

 

 

 

J.P. Morgan Securities LLC

 

 

 

 

 

 

 

JPMorgan Chase & Co.

 

 

 

JPMorgan Chase Bank, National Association

 

 

 

J.P. Morgan International Finance Limited

 

 

 

J.P. Morgan Structured Products B.V.

 

 

 

 

Additional information:

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

 

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

J.P. Morgan Broker-Dealer Holdings Inc. (100%)

J.P. Morgan Securities LLC (100%)

 

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Structured Products B.V. (100%)

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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