HELSINKI, Finland--(BUSINESS WIRE)--Regulatory News:
Nokian Tyres has received an announcement from BlackRock, Inc. on 2 May 2016, according to which the holdings of the mutual funds managed by BlackRock, Inc. exceeded level of 5% of the share capital in Nokian Tyres plc, as a result of a share transactions concluded on 29 April 2016. The mutual funds managed by BlackRock, Inc. held on deal date a total of 6,988,063 Nokian Tyres’ shares representing 5.18% of company’s 134,691,174 shares and voting rights.
Total positions of BlackRock, Inc. and its funds subject 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) | Total number of shares and voting rights of issuer | ||||||
| Resulting situation on the date on which threshold was crossed or reached | 4.87% | 0.31% | 5.18% | 134,691,174 | |||||
| Positions of previous notification | Below 5% | Below 5% | Below 5% |
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 | |||||||||
| Direct (SMA 9:5) | Indirect | Direct (SMA 9:5) | Indirect | ||||||
| (SMA 9:6 and 9:7) | (SMA 9:6 and 9:7) | ||||||||
| FI0009005318 | 6,563,142 | 4.87% | |||||||
| SUBTOTAL A | 6,563,142 | 4.87% |
B: Financial instruments according to SMA 9:6a:
| Type of financial | Expiration date | Exercise/ | Physical or | Number of shares | % of shares and | ||||||
| instrument | Conversion Period | cash settlement | and voting rights | voting rights | |||||||
| Securities Lent | N/A | N/A | Physical | 287,676 | 0.21% | ||||||
| CFD | N/A | N/A | Cash | 137,245 | 0.10% | ||||||
| SUBTOTAL B | 424,921 | 0.31% |
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com
Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has 1,475 outlets in 26 countries. In 2015 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com
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