Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj
Stock exchange release
February 6, 2020 at 1.00 pm EET
Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj (business identity code: 0215254-2) has on February 6, 2020 received a notification based on Chapter 9, Section 5 of the Finnish Securities Market Act. Varma Mutual Pension Insurance Company’s total holding in the shares and voting rights of Outokumpu has fallen below 5% threshold and was below 5% on February 5, 2020. Their earlier holding in the Outokumpu shares and voting rights was 5.13%.
| Total direct and indirect holdings of Varma Mutual Pension Insurance Company’s 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) | 2.97 % | 2.16 % | 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) |
|||||||
| FI0009002422 | 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 | |||||
| Put option (put, strike 2.2) | 20 March 2020 | 11 October 2019 | Physical | Below minimum threshold | Below minimum threshold | |||||
| Put option (put, strike 2.8) | 18 June 2020 | 16 December 2019 | Physical | Below minimum threshold | Below minimum threshold | |||||
| SUBTOTAL B | Below minimum threshold | Below minimum threshold | ||||||||
Additional information
Varma has sold the purchased call option (call, strike 3.4, expiring 20 March 2020), i.e. closed the position.
Outokumpu has a total of 416,374,448 shares. Each share carries one vote. Outokumpu currently holds 4,599,733 treasury shares.
For more information:
Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924
Outokumpu Oyj
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel through 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