Outokumpu – Announcement regarding change in holdings

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Outokumpu Corporation
Stock exchange release
April 19, 2024 at 3.00 pm EEST

Outokumpu – Announcement regarding change in holdings

Outokumpu Corporation (business identity code: 0215254-2) has on April 18, 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 risen above 5% threshold and was 5.06% on April 17, 2024. Their earlier holding in the Outokumpu shares and voting rights was below minimum threshold.

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 0.01% 5.05% 5.06% 456,874,448
Position of previous notification (if applicable) 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 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 13/05/2024 13/05/2024 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 19/09/2024 19/09/2024 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 16/04/2025 16/04/2025 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 14/05/2025 14/05/2025 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 03/06/2025 03/06/2025 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 16/10/2026 16/10/2026 Cash Below minimum threshold Below minimum threshold
Cash-settled Equity Swap 22/09/2028 22/09/2028 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
Cash-settled Equity Swap 13/05/2024 13/05/2024 Cash Below minimum threshold Below minimum threshold
B TOTAL 23,054,834 5.05%

Outokumpu has a total of 456,874,448 shares. Each share carries one vote. Outokumpu currently holds 33, 188, 820 treasury shares.

For more information: 

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

Media: Outokumpu media desk, tel. +358 9 421 3840

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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