Norges Bank's holding in UPM has gone below the threshold of 5 per centStock Exchange Release 8.4.2015 16:00 EEST
Norges Bank's holding in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation has on 8 April 2015 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which Norges Bank's (The Central Bank of Norway) holding in UPM has fallen below the threshold of 5 per cent on 7 April 2015 after a share lending transaction where Norges Bank is the lender.
According to the announcement, Norges Bank's holding in UPM has decreased from 31,890,291 to 21,852,002 shares, corresponding to 4.09 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.
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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