Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (26 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 26, 2024. The previous position showed BlackRock holding 4.76% shares with 0.27% through financial instruments, totaling 5.04%. The company has two share series: 175,664,079 A shares and 612,955,908 R shares, with a total of 788,619,987 shares. Each A share and every ten R shares carry one vote, resulting in at least 236,959,669 total votes.

BlackRock's holdings include various financial instruments such as American Depositary Receipts, securities lent, and CFDs. Stora Enso is listed on Nasdaq Helsinki (STEAV, STERV), Nasdaq Stockholm (STE A, STE R), and trades in OTC Markets as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).

News Market Reaction

+2.29%

1 alert

+2.29% News Effect

On the day this news was published, SEOAY gained 2.29%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 16:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ -- Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 26 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)	4.76% shares Below 5% voting rights	0.27% shares Below 5% voting rights	5.04% 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 lent	N/A	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

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,c4086728

The following files are available for download:

https://mb.cision.com/Main/13589/4086728/3190050.pdf

STORA ENSO CLASS R_2024-12-26_Issuer

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-26-december-2024-302339626.html

SOURCE Stora Enso Oyj

FAQ

What triggered Stora Enso's (SEOAY) disclosure requirement on December 26, 2024?

BlackRock's shareholding in Stora Enso decreased below the 5% threshold, requiring notification under Finnish Securities Markets Act Chapter 9, Section 5.

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

BlackRock previously held 4.76% in shares and 0.27% through financial instruments, totaling 5.04% of Stora Enso.

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

Stora Enso has 788,619,987 total shares, consisting of 175,664,079 A shares and 612,955,908 R shares.

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

Each A share carries one vote, and every ten R shares carry one vote, resulting in at least 236,959,669 total votes.

What types of financial instruments did BlackRock hold in Stora Enso (SEOAY)?

BlackRock held American Depositary Receipts (ADRs), securities lent, and Contracts for Difference (CFDs) in Stora Enso.