Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj
Stock exchange release
June 10, 2024 at 3.30 pm EEST
Outokumpu Oyj (business identity code: 0215254-2) has on June 7, 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 through financial instruments of Outokumpu has fallen below 5% threshold and was below minimum threshold on June 5, 2024. The earlier holding in the Outokumpu shares and voting rights through financial instruments was 5.05%. JPMorgan Chase & Co’s total holding in the shares and voting rights of Outokumpu remained above minimum threshold.
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Total direct and indirect holdings of JPMorgan Chase & Co according to the notification: |
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% 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 |
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Resulting situation on the date on which threshold was crossed or reached |
0.47 % |
4.69 % |
5.16 % |
456,874,448 |
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Position of previous notification (if applicable) |
0.01 % |
5.05 % |
5.06 % |
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Notified details of the resulting situation on the date on which the threshold was crossed or reached: |
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A: Shares and voting rights |
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Class/type of shares |
Number of shares and voting rights |
% of shares and voting rights |
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Direct |
Indirect |
Direct |
Indirect |
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FI0009002422 |
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Below minimum threshold |
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Below minimum threshold |
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SUBTOTAL A |
Below minimum threshold |
Below minimum threshold |
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B: Financial Instruments according to SMA 9:6a |
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Type of financial instrument |
Expiration date |
Exercise/Conversion Period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
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Cash-settled Equity Swap |
19/09/2024 |
19/09/2024 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
02/01/2025 |
02/01/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
06/01/2025 |
06/01/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
16/04/2025 |
16/04/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
14/05/2025 |
14/05/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
22/05/2025 |
22/05/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
03/06/2025 |
03/06/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
17/11/2025 |
17/11/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
28/04/2026 |
28/04/2026 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
16/10/2026 |
16/10/2026 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
22/09/2028 |
22/09/2028 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
06/05/2025 |
06/05/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
04/06/2025 |
04/06/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
02/07/2025 |
02/07/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
18/06/2025 |
18/06/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
08/12/2025 |
08/12/2025 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Cash-settled Equity Swap |
30/05/2028 |
30/05/2028 |
Cash |
Below minimum threshold |
Below minimum threshold |
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Convertible Bond |
09/07/2025 |
09/07/2025 |
Physical |
Below minimum threshold |
Below minimum threshold |
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B TOTAL |
Below minimum threshold |
Below minimum threshold |
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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 accelerating the green transition as the global leader in sustainable stainless steel. Our business is based on the circular economy: our products are made from 95% recycled materials, which we then turn into fully recyclable stainless steel. This steel is utilized in various applications across society, including infrastructure, mobility, and household appliances. We are committed to 1.5°C target to mitigate climate change, and with up to 75% lower carbon footprint than the industry average, we support our customers to reduce their emissions. Together, we are working towards a world that lasts forever. Outokumpu Corporation employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. Read more: www.outokumpu.com