Outokumpu Oyj: 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 % of shares and Total of Total  
shares and voting rights both number of
voting through financial in % (A + shares
rights instruments (total B) and voting
(total of B) rights of
of A) issuer
 
Resulting Below Below minimum Below 416,374,448  
situation on the minimum threshold minimum
date on threshold threshold
which threshold
was crossed or
reached
Position of 2.97 % 2.16 % 5.13 %    
previous
notification
(if applicable)

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 Number of % of  
shares shares shares
and and
voting voting
rights rights
 
    Direct Indirect Direct Indirect  
(SMA 9:5) (SMA 9:6 (SMA 9:5) (SMA 9:6
and 9:7) and 9:7)
FI0009002422 Below   Below    
minimum minimum
threshold threshold
SUBTOTAL A Below Below  
minimum minimum
threshold threshold
   
B: Financial  
Instruments
according to
SMA 9:6a
Type of Expiration Exercise/Co Physical Number of % of shares  
financial date nversion or cash shares and and voting
instrument Period settlement voting rights
rights
 
Put option 20 March 11 October Physical Below Below minimum  
(put, strike 2020 2019 minimum threshold
2.2) threshold
Put option 18 June 16 Physical Below Below minimum  
(put, strike 2020 December minimum threshold
2.8) 2019 threshold
      SUBTOTAL B Below Below minimum  
minimum threshold
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