Disclosure under Chapter 9, Section 10 of the Securities Markets ActStock Exchange Release, Flagging Release 30.11.2015 16:00 EET
UPM-Kymmene Corporation Stock Exchange Release 30 November 2015 at 16:00 EET
Disclosure under Chapter 9, Section 10 of the Securities Markets Act
UPM-Kymmene Corporation has on 27 November 2015 received an announcement under Chapter 9, Section 5 of the Securities Markets Act from BlackRock, Inc. as a result of the implementation of changes to the transparency directive in the Finnish Securities Market Act.
According to the announcement, the total number of UPM shares owned directly or through financial instruments by BlackRock, Inc. and its funds was 5.13 per cent of UPM's total number of shares and voting rights on 26 November 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.
Total positions of BlackRock, Inc. and its funds subject to the notification:
|% of shares and voting rights (total of A)||% of shares and voting rights through financial instruments (total of B)|| Total of both in % |
(A + B)
|Resulting situation on the date on which threshold was crossed or reached||4.89%||0.24%||5.13%|
|Position of previous notification (if applicable)||Below 5%||Below 5%||Below 5%|
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
|Class/type of shares||Number of shares and voting rights||Number of shares and voting rights||% of shares and voting rights||% of shares and voting rights|
|ISIN code (if possible)||Direct (SMA 9:5)||Indirect (SMA 9:6 and 9:7)||Direct (SMA 9:5)||Indirect (SMA 9:6 and 9:7|
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|
Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity is presented in the enclosed Annex.
Executive Vice President, Stakeholder Relations
UPM, Media 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