#Finland #Helsinki #BlackRock #Stora Enso #Finnish Regulations

Stora Enso Oyj Notification of Change in Holdings

On December 26, 2024, Stora Enso Oyj disclosed that it received a formal notification from BlackRock, Inc. regarding a change in its shareholding. This notification comes in accordance with Chapter 9, Section 5 of the Finnish Securities Market Act, which requires companies to inform about significant changes in share ownership.

On December 24, 2024, BlackRock's shareholding in Stora Enso fell below the 5% threshold, marking a significant event in the company's stock market trajectory. Previously, BlackRock held approximately 4.92% of the shares, which has now adjusted to below the critical 5% mark. The notification categorized BlackRock's voting rights, indicating a similar decline.

Detailed Breakdown of Holdings

Stora Enso, a prominent player in sustainable development with a focus on renewable products, has two classes of shares: A shares and R shares. Each A share carries one vote, and there are a total of 788,619,987 shares outstanding that equate to a minimum of 236,959,669 voting rights.

The record posted for BlackRock shows:

• - Previous Holdings: 4.92% shares, below 5% voting rights,
• - Current Holdings: Below 5% shares, below 5% voting rights.

This change substantially reflects BlackRock's strategy in asset management and their repositioning within Stora Enso's capital structure. Market analysts will be keeping a close eye on future notifications as they influence trading decisions in a company deeply rooted in global bioeconomy principles.

Implications of BlackRock's Shift

The decline in shareholding by one of the world's largest investment management firms may suggest a shift in investment strategies or market conditions relative to Stora Enso. Investors and stakeholders are advised to consider how BlackRock's changes will impact market perceptions and stock performance. The broader implications could lead to further movements among institutional investors.

Stora Enso has long positioned itself as a leader in the renewable products sector, focusing on packaging, biomaterials, and wooden construction. In 2023, the company recorded sales of approximately EUR 9.4 billion and employed about 20,000 staff worldwide.

Looking Ahead

As Stora Enso continues its operational journey, the company remains focused on reducing its carbon footprint while delivering high-quality, recyclable products to the market, supporting widespread demand for sustainability. BlackRock's reduced stake arguably plays into a larger narrative around environmental investing principles that are increasingly shaping corporate dynamics.

Stakeholders, analysts, and investment communities are encouraged to remain vigilant about future developments as both Stora Enso and BlackRock navigate the waters of shareholder dynamics and market positioning.

For further inquiries about this ongoing situation, investors may contact Anna-Lena Åström, Stora Enso's Senior Vice President of Investor Relations, at +46 70 210 7691.