Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj
Stock exchange release
March 1, 2019 at 9.30 am EET
Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj (business identity code: 0215254-2) has on February 28, 2019 received a notification based on Chapter 9, Section 5 of the Finnish Securities Market Act. JPMorgan Chase & Co.’s total holding in the shares and voting rights of Outokumpu has fallen below 5% threshold and was 4.90% on February 27, 2018. Their earlier holding in the Outokumpu shares and voting rights was 5.03%.
| Total direct and indirect holdings of JPMorgan Chase & Co. according 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 | 4.04 | % | 0.86 | % | 4.90 | % | 416,374,448 | |
| Position of previous notification (if applicable) | 4.14 | % | 0.89 | % | 5.03 | % | ||
| 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 | % 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) | ||||||||
| FI0009002422 | 16,821,109 | 4.04 | % | ||||||||
| SUBTOTAL A | 16,821,109 | 4.04 | % | ||||||||
| 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 | ||||||
| Convertible Bond | 26 February 2020 | 26 February 2020 | Physical | 424,929 | 0.10 | % | |||||
| Right to Recall | n/a | n/a | Physical | 3,153,933 | 0.76 | % | |||||
| SUBTOTAL B | 3,578,862 | 0.86 | % | ||||||||
Outokumpu has a total of 416,374,448 shares. Each share carries one vote. Outokumpu currently holds 5,810,729 treasury shares.
For more information:
Investors: Tommi Järvenpää, tel. +358 9 421 3466, +358 40 576 0288
Outokumpu Group
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com