Outokumpu – Announcement regarding change in holdings

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Outokumpu Oyj
Stock exchange release
February 19, 2024 at 11.00 am EET

Outokumpu – Announcement regarding change in holdings

Outokumpu Oyj (business identity code: 0215254-2) has on February 16, 2024, 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 below minimum threshold on February 15, 2024. Their earlier holding in the Outokumpu shares and voting rights was 5.04%.

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 456,874,448
Position of previous notification (if applicable) 1.04% 4.00% 5.04%
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
Cash-settled Equity Swap 19/09/2024 19/09/2024 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 28/11/2024 28/11/2024 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 02/01/2025 02/01/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 06/01/2025 06/01/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 22/01/2025 22/01/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 05/03/2025 05/03/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 22/05/2025 22/05/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 15/08/2025 15/08/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 17/11/2025 17/11/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 28/04/2026 28/04/2026 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 30/05/2028 30/05/2028 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 22/9/2028 22/9/2028 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap n/a n/a Cash Below minimum threshold Below minimum threshold
Convertible Bond 09/07/2025 09/07/2025 Physical Below minimum threshold Below minimum threshold
B TOTAL Below minimum threshold Below minimum threshold

Outokumpu has a total of 456,874,448 shares. Each share carries one vote. Outokumpu currently holds 32,043,249 treasury shares.

For more information: 

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669 

Media: Outokumpu media desk, tel. +358 40 351 9840


 

Outokumpu is the global leader in stainless steel. 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 approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

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