Norges Bank's shareholding in UPM has gone below the threshold of 5 per centStock Exchange Release, Flagging Release 4.4.2016 18:00 EEST
UPM-Kymmene Corporation Stock Exchange Release 4 April 2016 at 17:00 EET
Norges Bank's shareholding in UPM has gone below the threshold of 5 per cent
UPM-Kymmene Corporation has on 4 April 2016 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 of UPM shares and voting rights has gone below the threshold of 5 per cent on 1 April 2016.
According to the announcement, Norges Bank's shareholding in UPM has decreased to 19,058,496 shares, corresponding to 3.57 per cent of UPM shares and voting rights. The total number of UPM shares and voting rights owned directly or through financial instruments by Norges Bank was 7.60 per cent on 1 April 2016. 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 Norges Bank 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||3.57%||4.03%||7.60%|
|Position of previous notification (if applicable)||5.71%||N/A||N/A|
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|
|Shares on Loan (right to recall)||N/A||At any time||21,511,393||4.03%|
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
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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 19,600 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