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

UPM-Kymmene Corporation       Stock Exchange Release (Flagging Release)      23 March 2020 at 09:30 EET BlackRock's indirect shareholding in UPM has gone below the threshold of 5 per cent UPM-Kymmene Corporation has on 20 March 2020 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 19 March 2020.According to the...

Helsinki, 23/03/2020 (informazione.it - comunicati stampa - agricoltura)

UPM-Kymmene Corporation       Stock Exchange Release (Flagging Release)      23 March 2020 at 09:30 EET

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

UPM-Kymmene Corporation has on 20 March 2020 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 19 March 2020.

According to the announcement, BlackRock, Inc.'s indirect shareholding in UPM has decreased to 26,393,826 shares, corresponding to 4.94 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 19 March 2020. 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 rights

B: Financial Instruments according to SMA 9:6a

Full 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
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UPM
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