#Finland #Helsinki #BlackRock #Stora Enso #Securities Market Act

Stora Enso Oyj: Notification of Change in Holdings

On December 27, 2024, Stora Enso Oyj announced a critical update regarding shareholder positions under the Finnish Securities Markets Act. This notification follows a report from BlackRock, Inc., which indicated that as of December 26, 2024, its stake in Stora Enso has fallen below the 5% threshold in terms of both shares and voting rights.

According to the formal notice, the company stated:

"On December 26, 2024, BlackRock's holding in Stora Enso's shares decreased below the 5 percent threshold."

Previously, BlackRock held 4.76% of the company's shares alongside 0.27% through financial instruments, bringing its total stake to 5.04%. However, the latest adjustment below the threshold signifies a notable change in the investment landscape for Stora Enso.

Breakdown of Holdings

The report provided by Stora Enso outlines the specifics of the reduction in BlackRock's holdings:

• - Shares and Voting Rights: BlackRock currently holds below 5% both in shares and in voting rights.
• - Previous Stake: Prior notifications indicated that BlackRock possessed approximately 4.76% in shares with a marginal voting right component, while the latest data confirms that these figures have significantly adjusted.

Stora Enso has a complex share structure, composed of different classes of shares. Specifically, the company has two series of shares: A shares and R shares, with each A share carrying one vote, and for every ten R shares, one vote. To date, the total number of issued shares stands at 788,619,987 across the various classes, with a combined voting right of at least 236,959,669.

Implications for Investors

For market analysts and investors, this update from Stora Enso reflects yet another shift in ownership dynamics, as fluctuations in significant shareholdings can influence stock performance and investor confidence. Notably, a holding below the 5 percent threshold may suggest a strategic shift by large institutional investors like BlackRock, prompting insights into their future strategies regarding the Finnish market or Stora Enso itself.

About Stora Enso

Operating globally, Stora Enso is a leader in the bioeconomy sector, specializing in renewable products including packaging and biomaterials. The firm boasts an extensive operational footprint, employing approximately 20,000 individuals while reporting sales of EUR 9.4 billion in 2023. Investors looking to engage with the company can find more information on the company's shares listed on both Nasdaq Helsinki Oy and Nasdaq Stockholm AB.

As a significant player in the drive toward renewable and sustainable practices, Stora Enso’s commitment to eco-friendly production methods has further solidified its position in modern industry narratives. The recent shifts by BlackRock contribute to an evolving discussion about corporate governance and stakeholder engagement, emphasizing the importance of transparency and responsiveness in the corporate sector.

For further details, investors may refer to Stora Enso’s investor releases on their official website while keeping an eye on forthcoming reports that may delve deeper into shareholder dynamics.