BlackRock's shareholding in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation Stock Exchange Release 31 May 2016 at 16:30 EET
BlackRock's shareholding in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation has on 31 May 2016 received a notification under Chapter 9, Section 5 of the Securities Markets Act, according to which BlackRock, Inc.'s holding of UPM shares and voting rights has gone below the threshold of 5 per cent on 30 May 2016.
According to the notification, BlackRock, Inc.'s indirect shareholding in UPM has decreased to 26,485,988 shares, corresponding to 4.96 per cent of UPM shares and voting rights. The total number of UPM shares and voting rights owned directly or through financial instruments by BlackRock, Inc. and its funds was 5.77 per cent on 30 May 2016. 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 notification.
Total positions of BlackRock, Inc. and its funds subject 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) | |
| Resulting situation on the date on which threshold was crossed or reached | 4.96% | 0.81% | 5.77% |
| Position of previous notification (if applicable) | 5.09% | 0.62% | 5.71% |
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 | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| ISIN code (if possible) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI0009005987 | 26,485,988 | 4.96% | ||
| SUBTOTAL A | 26,485,988 | 4.96% |
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 |
| Securities Lent | N/A | N/A | Physical | 2,742,346 | 0.51% |
| CFD | N/A | N/A | Cash | 1,621,070 | 0.30% |
| SUBTOTAL B | 4,363,416 | 0.81% |
Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity is presented in the enclosed Annex.
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations
UPM, Media Relations
9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com
UPM
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 ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 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
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