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HELSINKI, Finland, Jan. 5, 2016 (GLOBE NEWSWIRE) -- Stora Enso Oyj has on 5 January 2016 received an announcement under Chapter 9, Section 10 of the Securities Markets Act, according to which BlackRock Inc.'s indirect holding in Stora Enso shares has increased over the threshold of 5% on 4 January 2016.
The shareholding of BlackRock, Inc. in Stora Enso has increased to 34,907,080 shares, corresponding to 4.36% of Stora Enso's shares. The total number of Stora Enso shares owned directly or through financial instruments by BlackRock, Inc. and its funds was 5.06% on 4 January 2016. The share of voting rights remains under 5%. The holdings of BlackRock Inc. have been calculated according to Stora Enso's registered number of shares of 788 619 987 and number of votes 237 718 379.
Total positions of BlackRock, Inc. and its funds 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) |
|
| Resulting situation on the date on which threshold was crossed or reached |
4.42% of shares Below 5% voting rights |
0.64% shares Below 5% voting rights |
5.06% shares Below 5% voting rights |
| Position of previous notification (if applicable) |
Below 5% shares Below 5% voting rights |
Below 5% shares Below 5% voting rights |
Below 5% shares Below 5% voting rights |
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 | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| ISIN code (if possible) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7 |
| FI0009005961 |
34 907 080 shares Below 5% voting rights |
4.42% of shares Below 5% voting rights |
||
| SUBTOTAL A |
34 907 080 shares Below 5% voting rights |
4.42% of 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 |
| Securities Lent | N/A | N/A | Physical |
1 742 500 shares Below 5% voting rights |
0.22% shares Below 5% voting rights |
| CFD | N/A | N/A | Cash |
3 252 740 shares Below 5% voting rights |
0.41% shares Below 5% voting rights |
| Total Return SWAP | 22 June 2016 | N/A | Cash |
67 000 shares Below 5% voting rights |
0.00% shares Below 5% voting rights |
| SUBTOTAL B |
5 062 240 shares Below 5% voting rights |
0.64% shares Below 5% voting rights |
Full chain of controlled undertakings through which the voting rights and financial instruments are effectively held starting with the ultimate controlling natural person or legal entity is presented in the enclosed Annex.
For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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 the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market . www.storaenso.com
STORA ENSO OYJ
