UPM-Kymmene Corporation Stock Exchange Release 9 March 2015 at 17.15 EETBlackRock’s holding in UPM has gone above the threshold of 5 per cent
UPM-Kymmene Corporation has on 9 March 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 6 March 2015.
According to the announcement, the indirect holding of BlackRock, Inc. in UPM has increased to 26,706,671 shares, corresponding to 5.00 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:
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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