Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (24 December 2024)

Rhea-AI Summary

Stora Enso Oyj announced that BlackRock, Inc's holding in the company's shares decreased below the 5% threshold on December 24, 2024. The previous position showed BlackRock holding 4.92% shares and 0.14% through financial instruments, totaling 5.06% of shares with voting rights below 5%.

The company has two share series: 175,664,079 A shares and 612,955,908 R shares, with each A share and every ten R shares carrying one vote. The total number of shares is 788,619,987 with at least 236,959,669 total votes. Stora Enso is a leading provider of renewable products in packaging, biomaterials, and wooden construction, with approximately 20,000 employees and sales of EUR 9.4 billion in 2023.

STORA ENSO OYJ STOCK EXCHANGE RELEASE 26 December 2024 at 11:00 EET

HELSINKI, Dec. 26, 2024 /PRNewswire/ -- Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 26 December 2024.

On 24 December 2024, BlackRock's holding in Stora Enso's shares decreased below the 5 percent threshold.

	% of shares and voting rights (total of 7.A)	% of shares and voting rights through financial instruments (total of 7.B)	Total of both in % (7.A + 7.B)
Resulting situation on the date on which threshold was crossed or reached	Below 5% shares Below 5% voting rights	Below 5% shares   Below 5% voting rights	Below 5% shares    Below 5% voting rights
Position of previous notification (if applicable)	4.92% shares                                    Below 5% voting rights	0.14% shares                                    Below 5% voting rights	5.06% shares Below 5% voting rights

 

A: Shares and voting rights
Class/type of shares                                     ISIN code (if possible)	Number of shares and voting rights		% of shares and voting rights
	Direct            (SMA 9:5)	Indirect                                     (SMA 9:6 and 9:7)	Direct                                     (SMA 9:5)			Indirect                                     (SMA 9:6 and 9:7)
FI0009005961		Below 5%  shares Below 5% voting rights				Below 5% shares  Below 5% voting rights
SUBTOTAL A	Below 5% shares                                   Below 5% voting rights		Below 5% shares                                    Below 5% voting rights
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
American Depositary Receipt (US86210M1062)	N/A	N/A	Physical	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights
Securites len	N7A	N/A	Physical	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights
CFD	N/A	N/A	Cash	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights
			SUBTOTAL B	Below 5% shares Below 5% voting rights	Below 5% shares  Below 5% voting rights

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175 664 079 A shares and 612 955 908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Stora Enso
Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors   

STORA ENSO OYJ

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https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj--notification-of-change-in-holdings-according-to-chapter-9--section-10-of-the-finnish,c4086524

The following files are available for download:

https://mb.cision.com/Main/13589/4086524/3189491.pdf

STORA ENSO Class R_2024-12-24_Issuer

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SOURCE Stora Enso Oyj

FAQ

What triggered BlackRock's notification to Stora Enso (SEOAY) on December 26, 2024?

BlackRock's shareholding in Stora Enso decreased below the 5% threshold on December 24, 2024, requiring notification under Finnish Securities Market Act.

What was BlackRock's previous ownership position in Stora Enso (SEOAY)?

BlackRock previously held 4.92% in shares and 0.14% through financial instruments, totaling 5.06% of shares with voting rights below 5%.

How many shares does Stora Enso (SEOAY) have in circulation as of December 2024?

Stora Enso has 175,664,079 A shares and 612,955,908 R shares, totaling 788,619,987 shares with at least 236,959,669 voting rights.

What is the voting structure of Stora Enso (SEOAY) shares?

Each A share and every ten R shares carry one vote in Stora Enso.

What was Stora Enso's (SEOAY) revenue in 2023?

Stora Enso reported sales of EUR 9.4 billion in 2023.