Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (12 April 2024)

Rhea-AI Summary

BlackRock, Inc. increases its holding in Stora Enso Oyj above 5%, triggering a notification under the Finnish Securities Markets Act. Stora Enso, a key player in the bioeconomy, offers renewable products in packaging, biomaterials, and wooden construction. The company has a significant global presence and aims to create value with sustainable, low-carbon products.

STORA ENSO OYJ STOCK EXCHANGE RELEASE 16 April 2024 at 9:00 EEST

HELSINKI, April 16, 2024 /PRNewswire/ -- Stora Enso Oyj has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 15 April 2024.

On 12 April 2024, BlackRock's total holding, including holding through financial instruments, in Stora Enso's shares increased above 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	4.87% shares Below 5% voting rights	0.17% shares Below 5% voting rights	5.05% shares Below 5% voting rights
Position of previous notification (if applicable)	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights	Below 5% shares Below 5% voting rights

A: Shares and voting rights
Class/type of shares	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		38,474,040 shares Below 5% voting rights		4.87% shares Below 5% voting rights
SUBTOTAL A	38,474,040 shares Below 5% voting rights		4.87% 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	464,610 shares Below 5% voting rights	0.05% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	860,000 shares Below 5% voting rights	0.10% shares Below 5% voting rights
CFD	N/A	N/A	Cash	79,000 shares Below 5% voting rights	0.01% shares Below 5% voting rights
			SUBTOTAL B	1,403,610 shares Below 5% voting rights	0.17% 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 175,979,614 A shares and 612,640,373 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 237,243,651.

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.

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

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

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

This information was brought to you by Cision http://news.cision.com

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,c3961990

The following files are available for download:

https://mb.cision.com/Public/13589/3961990/97055bbe7203398a.pdf

Annex Black Rock 240412

 

View original content:https://www.prnewswire.com/news-releases/stora-enso-oyj-notification-of-change-in-holdings-according-to-chapter-9-section-10-of-the-finnish-securities-markets-act-12-april-2024-302117674.html

SOURCE Stora Enso Oyj

FAQ

What triggered the notification under the Finnish Securities Markets Act for Stora Enso Oyj?

BlackRock, Inc. increasing its holding in Stora Enso Oyj above 5% triggered the notification under the Finnish Securities Markets Act.

What are the key products offered by Stora Enso Oyj?

Stora Enso Oyj offers renewable products in packaging, biomaterials, and wooden construction.

What is the total number of Stora Enso shares and votes?

Stora Enso has 788,619,987 shares and at least 237,243,651 votes.

Where are Stora Enso shares listed?

Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R), as well as in OTC Markets in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).

What is the total sales of Stora Enso in 2023?

Stora Enso's sales in 2023 were EUR 9.4 billion.