BlackRock Investment Management crossed below the 5% disclosure limit on total holdings in Wärtsilä Corporation

Posted on 22, October 2018 by | This entry was posted in Business, Energy, Gas & Oil, Finland, Investment, Management, Transportation & Logistics and tagged , , , , , , . Bookmark the permalink.

HELSINKI, 22-Oct-2018 — /EuropaWire/ — BlackRock, Inc. has informed Wärtsilä Corporation that BlackRock Investment Management (UK) Limited has disposed of Wärtsilä shares on 16 October 2018, crossing below the 5% disclosure limit on total holdings. The total number of shares held by BlackRock, Inc. and its funds subject to the notification is 8.28% of Wärtsilä’s share capital and total votes.

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 % of total Total number of shares and voting rights of issuer
Resulting situation on the date on which the threshold was crossed or reached 8.10% 0.18% 8.28% 591,723,390
Position of previous notification (if applicable) 8.14% 0.19% 8.33%

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 47,942,971 8.10%
SUBTOTAL A 47,942,971 8.10%

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 910,476 0.15%
CFD N/A N/A Cash 191,243 0.03%
SUBTOTAL B 1,101,719 0.18%

Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

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

SOURCE: Wärtsilä

 

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