BlackRock, Inc. now owns more than 5% in Wärtsilä Corporation

BlackRock, Inc. now owns more than 5% in Wärtsilä Corporation

(PRESS RELEASE) HELSINKI, 22-Jun-2020 — /EuropaWire/ — Leading Finnish company Wärtsilä Corporation, active in the marine and energy markets, has announced that it has been notified by BlackRock, Inc., the world’s largest asset manager with $7.4 trillion in assets under management, that their aggregate holding in Wärtsilä Corporation has crossed above the 5% disclosure limit on 18 June 2020. The notification is made in accordance with the Finnish Securities Market Act Chapter 9 § 5.

Total position of BlackRock, Inc. and its funds subject to the notification:

% of shares and voting rights % of shares and voting rights through financial instruments Total of both in % Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached 4.69% 0.44% 5.13% 591,723,390
Position of previous notification (if applicable) Below 5% Below 5% Below 5%

Notified details of the resulting situation on the date on which the threshold was crossed:

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)
FI0009003727 27,776,919 4.69%
SUBTOTAL A 27,776,919 4.69%

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 1,849,155 0.31%
CFD N/A N/A Cash 778,428 0.13%
SUBTOTAL B 2,627,583 0.44%

Media contact:

Mr Atte Palomäki
Executive Vice President
Communications, Branding & Marketing
Tel. +358 (0)10 709 5599
media@wartsila.com

SOURCE: Wärtsilä

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