Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation
Wärtsilä Corporation, Stock exchange release, 25 February 2019 at 5.40 pm EET
Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation
BlackRock, Inc. has informed Wärtsilä Corporation it has crossed below the 5% disclosure limit on shares and voting rights on 22 February 2019. Following the transaction BlackRock, Inc. owns 4.94% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.35%.
Total position of BlackRock, Inc. and its funds subject to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | % of total | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which the threshold was crossed or reached | 4.94% | 0.40% | 5.35% | 591,723,390 |
| Position of previous notification (if applicable) | 7.53% | 0.14% | 7.67% |
Notified details of the resulting situation on the date on which the threshold was crossed:
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) | |
| FI0009003727 | 29,283,765 | 4.94% | ||
| SUBTOTAL A | 29,283,765 | 4.94% | ||
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 | 2,352,802 | 0.39% |
| CFD | N/A | N/A | Cash | 64,237 | 0.01% |
| SUBTOTAL B | 2,417,039 | 0.40% |
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com