J.P. Morgan Chase & Co.’s indirect holding in Tikkurila decreased to 4.94%
Tikkurila Oyj
Major Shareholder Announcement
8 March 2021 at 12.30 p.m. (EET)
Tikkurila Oyj (business ID 0197067-4) has on March 5, 2021 received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from J.P. Morgan Chase & Co.
The indirect holding of the funds and accounts managed by J.P. Morgan Chase & Co. in the shares and financial instruments of Tikkurila Oyj decreased below 5 percent threshold and is now 4.94%, as a consequence of the trades executed on March 4, 2021.
J.P. Morgan Chase & Co.’s position according to their notification:
Full name of Shareholders:
JPMorgan Asset Management (UK) Limited
J.P. Morgan Securities plc
JPMorgan Chase Bank, National Association
Total positions of person(s) subject to the notification obligation:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (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 | 1.72% | 3.22% | 4.94% | 44,108,252 |
| Position of previous notification | 2.77% | 3.24% | 6.01% |
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 |
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) | |
| FI4000008719 | 758,001 | 1.72% | ||
| Subtotal A | 758,001 | 1.72% |
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 | 10/03/2021 | 10/03/2021 | Cash | 1,392,541 | 3.16% |
| Cash-settled equity swap | 16/02/2022 | 16/02/2022 | Cash | 15,217 | 0.03% |
| Cash-settled equity swap | 17/03/2022 | 17/03/2022 | Cash | 13,356 | 0.03% |
| Cash-settled equity swap | 28/03/2022 | 28/03/2022 | Cash | 70 | 0.00% |
| Subtotal B | 1,421,184 | 3.22% |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held
starting with the ultimate controlling natural person or legal entity:
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management International Limited
JPMorgan Asset Management (UK) Limited
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
J.P. Morgan International Finance Limited
J.P. Morgan Capital Holdings Limited
J.P. Morgan Securities plc
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
Tikkurila Oyj
Sanna Lehti
General Counsel
For additional information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 5111757
sanna.lehti@tikkurila.com
Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in seven countries and our 2,400 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2020, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com