BlackRock's holding in UPM has gone above the threshold of 5 per cent
UPM-Kymmene Corporation Stock Exchange Release 5 February 2015 at 12.10 EET
BlackRock's holding in UPM has gone above the threshold of 5 per cent
UPM-Kymmene Corporation has on 4 February 2015 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which BlackRock, Inc.'s indirect holding in UPM has gone above the threshold of 5 per cent on 3 February 2015.
According to the announcement, the indirect holding of BlackRock, Inc. in UPM has increased from 26,372,640 shares to 26,867,193 shares, corresponding to 5.03 per cent of UPM's shares and voting rights. UPM's registered total number of shares and voting rights amounting to 533,735,699 has been used in the calculation of percentages for the announcement.
BlackRock, Inc.'s indirect holding is divided among its controlled undertakings as follows:
| Chain of controlled undertakings | Voting rights held | Percentage held |
| BlackRock (Netherlands) B.V. | 211,571 | 0.04% |
| BlackRock Advisors (UK) Limited | 6,317,651 | 1.18% |
| BlackRock Advisors, LLC | 114,518 | 0.02% |
| BlackRock Asset Management Canada Limited | 228,493 | 0.04% |
| BlackRock Asset Management Deutschland AG | 930,740 | 0.17% |
| BlackRock Asset Management North Asia Limited | 3,494 | 0.00% |
| BlackRock Financial Management, Inc. | 304,277 | 0.06% |
| BlackRock Fund Advisors | 7,570,154 | 1.42% |
| BlackRock Institutional Trust Company, National Association | 8,543,994 | 1.60% |
| BlackRock International Limited | 102,411 | 0.02% |
| BlackRock Investment Management (Australia) Limited | 237,512 | 0.04% |
| BlackRock Investment Management (UK) Ltd | 1,099,228 | 0.21% |
| BlackRock Investment Management, LLC | 499,493 | 0.09% |
| BlackRock Japan Co., Ltd. | 703,657 | 0.13% |
| Grand Total | 26,867,193 | 5.03% |
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations
UPM, Media Desk
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media@upm.com
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Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 20,000 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com