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

UPM-Kymmene Corporation Stock Exchange Release (Flagging Release) 22 October 2019 at 09:30 EETBlackRock’s indirect shareholding in UPM has gone below the threshold of 5 per centUPM-Kymmene Corporation has on 21 October 2019 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which BlackRock, Inc.’s indirect shareholding of UPM shares and voting rights has gone below the threshold of 5 per cent on 18 October 2019.According to the announcement, BlackRock, Inc.’s indirect shareholding in UPM has decreased to 26,682,915 shares, corresponding to 4.99 per cent of UPM shares and voting rights. The total number of UPM shares and voting rights owned directly or through financial instruments by BlackRock, Inc. and its funds was 5.23 per cent on 18 October 2019. 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:Notified details of the resulting situation on the date on which the threshold was crossed or reached:A: Shares and voting rightsB: Financial Instruments according to SMA 9:6aFull chain of controlled undertakings through which the voting rights and financial instruments are effectively held:*UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com
UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. We employ around 19,000 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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