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Stock exchange releases

J.P. Morgan Chase & Co.’s indirect holding in Tikkurila increased above 5 percent

11.02.2021

Tikkurila Oyj
Major Shareholders Announcement
11 February 2021 at 5.30 (EET)

Tikkurila Oyj (business ID 0197067-4) has on February 11, 2021, received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from J.P. Morgan Chase & Co.

The indirect holding of the funds and accounts managed by J.P. Morgan Chase & Co. in the shares and financial instruments of Tikkurila Oyj has increased above 5% threshold, as a consequence of the trades executed on February 8, 2021.

J.P. Morgan Chase & Co.’s position according to their notification:

Full name of Shareholders:
JPMorgan Asset Management (UK) Limited
J.P. Morgan Securities plc
JPMorgan Chase Bank, National Association

 

Total positions of person(s) subject to the notification obligation:
 

  % of shares and voting rights (A) % of shares
and voting
rights through financial
instruments
(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 2.77% 3.24% 6.01% 44,108,252
Position of previous notification Below minimum threshold Below minimum threshold Below minimum threshold  
 

 
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
ISIN code

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)
FI4000008719   1,219,864   2.77%
 

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
Cash-settled equity swap 10/03/2021 10/03/2021 Cash 1,392,541 3.16%
Cash-settled equity swap 30/09/2021 30/09/2021 Cash 8,374 0.02%
Cash-settled equity swap 15/02/2022 15/02/2022 Cash 260 0.00%
Cash-settled equity swap 16/02/2022 16/02/2022 Cash 19,850 0.04%
Cash-settled equity swap 17/03/2022 17/03/2022 Cash 7,565 0.02%
Subtotal B
 
      1,428,590 3.24%
 

 
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management International Limited
JPMorgan Asset Management Holdings (UK) Limited
JPMorgan Asset Management (UK) Limited
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
J.P. Morgan International Finance Limited
J.P. Morgan Capital Holdings Limited
J.P. Morgan Securities plc
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association

 

Tikkurila Oyj
Sanna Lehti
 
General Counsel 

For additional information, please contact:  

Sanna Lehti, General Counsel 

sanna.lehti@tikkurila.com  

About us

Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in seven countries and our 2,600 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.

www.tikkurilagroup.com

Contact

Tikkurila Oyj
P.O. Box 53, Heidehofintie 2 FI-01300 Vantaa Finland
+358 20 191 2000
www.tikkurilagroup.com