Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj
Stock exchange release
February 6, 2020 at 1.00 pm EET
Outokumpu – Announcement regarding change in holdings
Outokumpu Oyj (business identity code: 0215254-2) has on February 6, 2020 received a notification based on Chapter 9, Section 5 of the Finnish Securities Market Act. Varma Mutual Pension Insurance Company’s total holding in the shares and voting rights of Outokumpu has fallen below 5% threshold and was below 5% on February 5, 2020. Their earlier holding in the Outokumpu shares and voting rights was 5.13%.
| Total direct and indirect holdings of Varma Mutual Pension Insurance Company’s according to the notification: | |||||
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A + B) | Total number of shares and voting rights of issuer | ||
| Resulting situation on the date on which threshold was crossed or reached | Below minimum threshold | Below minimum threshold | Below minimum threshold | 416,374,448 | |
| Position of previous notification (if applicable) | 2.97 % | 2.16 % | 5.13 % | ||
| Notified details of the resulting situation on the date on which the threshold was crossed or reached: | ||||||||||
| 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) |
|||||||
| FI0009002422 | Below minimum threshold | Below minimum threshold | ||||||||
| SUBTOTAL A | Below minimum threshold | Below minimum threshold | ||||||||
| 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 | |||||
| Put option (put, strike 2.2) | 20 March 2020 | 11 October 2019 | Physical | Below minimum threshold | Below minimum threshold | |||||
| Put option (put, strike 2.8) | 18 June 2020 | 16 December 2019 | Physical | Below minimum threshold | Below minimum threshold | |||||
| SUBTOTAL B | Below minimum threshold | Below minimum threshold | ||||||||
Additional information
Varma has sold the purchased call option (call, strike 3.4, expiring 20 March 2020), i.e. closed the position.
Outokumpu has a total of 416,374,448 shares. Each share carries one vote. Outokumpu currently holds 4,599,733 treasury shares.
For more information:
Reeta Kaukiainen, EVP – Communications and IR, tel. +358 50 522 0924
Outokumpu Oyj