UPM-Kymmene reports on change in shareholding pattern.
M2 EQUITYBITES-April 15, 2019-UPM-Kymmene reports on change in shareholding pattern
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UPM-Kymmene Oyj (UPM) (HEL:UPM), a manufacturer of forest products, reported on Friday that it has received an announcement on 11 April 2019 according to which BlackRock Inc's indirect shareholding of UPM shares and voting rights has gone below the threshold of 5% on 10 April 2019.
According to the announcement, BlackRock Inc's indirect shareholding in UPM has decreased to 26,309,608 shares, corresponding to 4.92% of UPM shares and voting rights.
Also, the total number of UPM shares and voting rights owned directly or through financial instruments by BlackRock Inc and its funds was 5.08% on 10 April 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.
The company delivers renewable and responsible solutions across the six business areas of UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 15, 2019|
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