Holding of JPMorgan Chase & Co. in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation Stock Exchange Release 7 December 2016 at 13:30 EET
Holding of JPMorgan Chase & Co. in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation has on 6 December 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of JPMorgan Chase & Co. in UPM shares and voting rights has gone below the threshold of 5 per cent on 5 December 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 announcement.
Total positions of JPMorgan Chase & Co.:
| % 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 | Below 5% threshold | Below 5% threshold | Below 5% threshold |
| Position of previous notification (if applicable) | 6.56% | 0.06% | 6.62% |
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 | Below 5% threshold | Below 5% threshold | ||
| SUBTOTAL A | Below 5% threshold | Below 5% threshold | ||
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 |
| SUBTOTAL B |
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:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| J.P. Morgan International Bank Limited | Below 5% threshold | Below 5% threshold | |
| J.P. Morgan Investment Management Inc. J.P. Morgan Trust Company of Delaware | Below 5% threshold Below 5% threshold | Below 5% threshold Below 5% threshold | Below 5% threshold Below 5% threshold |
| JPMorgan Asset Management (Taiwan) Limited | Below 5% threshold | Below 5% threshold | |
| JPMorgan Asset Management (UK) Limited | Below 5% threshold | Below 5% threshold | Below 5% threshold |
| JPMorgan Chase Bank, National Association J.P. Morgan (Suisse) SA | Below 5% threshold Below 5% threshold | Below 5% threshold | Below 5% threshold Below 5% threshold |
UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations
UPM, Media Relations
Mon-Fri 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 Specialty Papers, 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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