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

Stock Exchange Release 9.3.2015 17:15 EET

UPM-Kymmene Corporation   Stock Exchange Release   9 March 2015 at 17.15 EET

BlackRock’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: 

Chain of controlled undertakings Voting rights held Percentage held
BlackRock (Netherlands) B.V. 154,572 0.03%
BlackRock Advisors (UK) Limited 4,860,818 0.91%
BlackRock Advisors, LLC 216,813 0.04%
BlackRock Asset Management Canada Limited 233,195 0.04%
BlackRock Asset Management Deutschland AG 977,286 0.18%
BlackRock Asset Management North Asia Limited 3,494 0.00%
BlackRock Financial Management, Inc. 347,768 0.07%
BlackRock Fund Advisors 7,891,880 1.48%
BlackRock Institutional Trust Company, National Association 9,125,772 1.71%
BlackRock International Limited 118,334 0.02%
BlackRock Investment Management (Australia) Limited 275,139 0.05%
BlackRock Investment Management (UK) Ltd 1,305,379 0.24%
BlackRock Investment Management, LLC 492,508 0.09%
BlackRock Japan Co., Ltd. 703,713 0.13%
Grand Total 26,706,671 5.00%


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

UPM, Media Desk
9.00-16.00 EET
tel. +358 40 588 3284


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