Breaking News: Orion Corporation Reveals Major Disclosure Under Securities Market Act – BlackRock Inc. Involved!
Description:
ORION CORPORATION STOCK EXCHANGE RELEASE / MAJOR SHAREHOLDER ANNOUNCEMENTS21 March 2025 at 15.00 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 decreased on 20 March 2025 below 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 Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights 141,134,278 shares 763,427,275 voting rights Position of previous notification (if applicable) 5.03% shares Below 5% voting rights 0.00% shares Below 5% voting rights 5.03% 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 Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights POINT A SUBTOTAL Below 5% shares Below 5% voting rights Below 5% 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 Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights POINT B SUBTOTAL Below 5% shares Below 5% voting rights Below 5% shares Below 5% voting rights Orion Corporation Liisa Hurme President and CEO Olli Huotari EVP, Corporate Functions Contact person: Tuukka Hirvonen, Investor Relations, Orion Corporationtel.
Effect on Me:
Based on other online sources, this disclosure could potentially have a direct impact on investors, especially those who hold shares in Orion Corporation. The decrease in ownership by BlackRock, Inc. may lead to changes in the stock price and overall market sentiment. It is essential for individual investors to stay informed about such developments to make informed decisions regarding their investment portfolios.
Effect on the World:
On a broader scale, the involvement of BlackRock, Inc. in this major disclosure under the Securities Market Act could have implications for the global financial market. BlackRock, Inc. is one of the world’s largest asset management firms, and any significant moves by the company can influence market trends and investor confidence worldwide. The disclosure may spark discussions and analysis within the financial industry, impacting various stakeholders and market dynamics.
Conclusion:
In conclusion, the disclosure involving BlackRock, Inc. and Orion Corporation under the Securities Market Act is a significant development in the financial landscape. It highlights the interconnected nature of global markets and the importance of transparency and regulation in maintaining investor trust. Investors should continue to monitor the situation closely, while industry experts analyze the potential ramifications of these disclosures on the broader financial ecosystem.
