Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (19 April 2024)

Rhea-AI Summary

BlackRock, Inc. increased its total holding in Stora Enso Oyj above the 5% threshold on 19 April 2024, according to the notification received. Stora Enso, a key player in the global bioeconomy, specializes in renewable products and sustainable solutions. The company has a significant presence in packaging, biomaterials, and wooden construction, with sales of EUR 9.4 billion in 2023. Stora Enso's shares are listed on multiple stock exchanges, including Nasdaq Helsinki and Nasdaq Stockholm, as well as OTC Markets in the USA.

STORA ENSO OYJ STOCK EXCHANGE RELEASE 23 April 2024 at 9:30 EEST

HELSINKI, April 23, 2024 /PRNewswire/ -- Stora Enso Oyj has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 22 April 2024.

On 19 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	Below 4.99% shares Below 5% voting rights	Below 0.09% shares Below 5% voting rights	Below 5.09% 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		39,406,110 shares Below 5% voting rights		Below 4.99% shares Below 5% voting rights
SUBTOTAL A	39,406,110 shares Below 5% voting rights		Below 4.99% 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	472,620 shares Below 5% voting rights	Below 0.05% shares Below 5% voting rights
Securities Lent	N/A	N/A	Physical	163,220 shares Below 5% voting rights	Below 0.02% shares Below 5% voting rights
CFD	N/A	N/A	Cash	138,730 shares Below 5% voting rights	Below 0.01% shares Below 5% voting rights
			SUBTOTAL B	774,570 shares Below 5% voting rights	Below 0.09% 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.

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,c3965704

The following files are available for download:

https://mb.cision.com/Main/13589/3965704/2750893.pdf

Annex 2024-04-19

 

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SOURCE Stora Enso Oyj

FAQ

What led to the increase in Stora Enso Oyj's total holding by BlackRock, Inc. on 19 April 2024?

BlackRock, Inc. increased its total holding in Stora Enso Oyj above the 5% threshold on 19 April 2024.

What are the key sectors in which Stora Enso Oyj operates?

Stora Enso Oyj operates in packaging, biomaterials, and wooden construction.

What was Stora Enso Oyj's sales in 2023?

Stora Enso Oyj reported sales of EUR 9.4 billion in 2023.

Where are Stora Enso Oyj's shares listed?

Stora Enso Oyj's shares are listed on Nasdaq Helsinki, Nasdaq Stockholm, and OTC Markets in the USA.

What is the ticker symbol for Stora Enso Oyj in the USA?

The ticker symbols for Stora Enso Oyj in the USA are SEOAY, SEOFF, and SEOJF.