Outokumpu – Announcement regarding change in holdings
Outokumpu Corporation
Stock exchange release
August 22, 2024 at 2.00 pm EEST
Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj (business identity code: 0215254-2) has on August 22, 2024 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 risen above 5% threshold and was 5.18% on August 21, 2024. Their earlier holding in the Outokumpu shares and voting rights was below minimum threshold.
| Total direct and indirect holdings of Varma Mutual Pension Insurance Company 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 | 5.18% | 5.18% | 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 | 23,688,403 | 5.18% | ||||||||
| SUBTOTAL A | 23,688,403 | 5.18% | ||||||||
| 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 | |||||
| N/A | N/A | N/A | N/A | N/A | N/A | |||||
| SUBTOTAL B | N/A | N/A | ||||||||
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: Ulla Paajanen, SVP, Investor Relations and Strategic Advisory, tel. +358 40 763 8767
Media: Päivi Allenius, SVP – Communications and Brand, tel. +358 40 753 7374, or Outokumpu media desk +358 40 351 9840
Outokumpu Corporation
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