Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj
Stock exchange release
May 3, 2017 at 9.30 am EET
Outokumpu Oyj (business identity code: 0215254-2) has on May 2, 2017 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 Oyj fell below 5% threshold and was less than 5% on May 2, 2017. Taking financial instruments into account, JPMorgan Chase & Co.’s earlier total holding in Outokumpu was 5.13%.
| 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 | Below minimum threshold | Below minimum threshold | Below minimum threshold | 416,374,448 | |
| Position of previous notification (if applicable) | 5.01% | 0.12% | 5.13% | ||
| 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) | |||||||
| FI000902422 | Below minimum threshold | Below minimum threshold | ||||||||
| SUBTOTAL A | Below minimum threshold | Below minimum threshold | ||||||||
| 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 | |||||
| Equity swap | N/A | N/A | Cash settlement | Below minimum threshold | Below minimum threshold | |||||
| SUBTOTAL B | Below minimum threshold | Below minimum threshold | ||||||||
Outokumpu has a total of 416,374,448 shares. Each share carries one vote. Outokumpu currently holds 4,209,560 of its own shares.
For more information:
Investors: Tommi Järvenpää, tel. +358 9 421 3466, mobile +358 40 576 0288
Outokumpu Group
Outokumpu is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs some 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.
www.outokumpu.com outokumpu.com/stainless-news choosestainless.outokumpu.com