BlackRock’s holding in UPM has gone below the threshold of 5 per cent

 

UPM-Kymmene Corporation   Stock Exchange Release   23 March 2015 at 16:40 EET

BlackRock’s holding in UPM has gone below the threshold of 5 per cent

UPM-Kymmene Corporation has on 23 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 below the threshold of 5 per cent on 20 March 2015.

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.

According to the announcement, BlackRock, Inc.’s chain of controlled undertakings is as follows:    

Chain of controlled undertakings
BlackRock Advisors, LLC
BlackRock Financial Management, Inc.
BlackRock Institutional Trust Company, National Association
BlackRock Investment Management, LLC
BlackRock Investment Management (Australia) Limited
BlackRock Investment Management (UK) Ltd
BlackRock (Netherlands) B.V.
BlackRock Advisors (UK) Limited
BlackRock Asset Management Canada Limited
BlackRock Asset Management Deutschland AG
BlackRock Asset Management North Asia Limited
BlackRock (Singapore) Limited
BlackRock Fund Advisors
BlackRock International Limited
BlackRock Japan Co., Ltd.

 

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

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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