Breaking News: Orion Corporation Reveals Major Disclosure Under Securities Market Act with Involvement of BlackRock Inc.
Description:
ORION CORPORATION STOCK EXCHANGE RELEASE / MAJOR SHAREHOLDER ANNOUNCEMENTS5 March 2025 at 17.00 EET Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.) Orion Corporation has received a disclosure under Chapter 9, Section 5 of the Securities Market Act, according to which the total number of Orion shares owned directly, indirectly and through financial instruments by BlackRock, Inc. and its funds increased on 4 March 2025 above five (5) per cent of Orion Corporation’s total shares.
Total positions of BlackRock, Inc. and its funds subject to notification: % of shares and voting rights (total of point A) % of shares and voting rights through financial instruments (total of point B) Total of both in % (points A + B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached 5.05% shares Below 5% voting rights 0.00% shares Below 5% voting rights 5.05% shares Below 5% voting rights 141,134,278 shares 763,427,275 voting rights Position of previous notification (if applicable) Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights
Notified details of the resulting situation on the date on which the threshold was crossed:
Point 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) FI0009014377 7,130,166 shares Below 5% voting rights 5.05% shares Below 5% voting rights POINT A SUBTOTAL 7,130,166 sharesBelow 5% voting rights 5.05% shares Below 5% voting rights Point 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 5,622 shares Below 5% voting rights
Orion Corporation Liisa Hurme President and CEO Olli Huotari EVP, Corporate Functions
Contact person: Terhi Ormio, VP, Communications, Orion Corporation, Tel.
How Does This News Affect Me?
The major disclosure made by Orion Corporation under the Securities Market Act with the involvement of BlackRock Inc. may impact individual investors who hold shares in Orion Corporation. With BlackRock Inc. increasing its ownership above five percent, there could be changes in the company’s direction, decision-making, and potential impact on stock prices.
How Does This News Affect the World?
On a broader scale, this disclosure could have implications for the financial market as a whole. BlackRock Inc. is a major player in the investment industry, and its increased stake in Orion Corporation may signal strategic moves within the market. This could lead to ripples in the global financial landscape and impact investor sentiment.
Conclusion:
In conclusion, the disclosure made by Orion Corporation regarding BlackRock Inc.’s increased ownership is a significant development in the financial world. It is important for investors to closely monitor the situation and stay informed about any potential changes in the company’s trajectory. The implications of this disclosure could have far-reaching effects, both on individual investors and the broader financial market.
