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    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

(TYRES)
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Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act

09/09/2021 | 05:31am EDT

Nokian Tyres plc Stock Exchange Release September 9, 2021 at 12:30 p.m.

Nokian Tyres has received an announcement from BlackRock, Inc. on September 8, 2021, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.

According to the announcement, the total holding and indirect holding in Nokian Tyres shares owned by BlackRock, Inc. and its funds exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on September 7, 2021.

The indirect shareholding of BlackRock, Inc. in Nokian Tyres has increased to 6,997,604 shares, corresponding to 5.03% of Nokian Tyres' shares and voting rights. BlackRock, Inc. and its funds held on deal date a total of 7,091,611 Nokian Tyres' shares representing 5.10% of the company's 138,921,750 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 5.03% 0.06% 5.10% 138,921,750
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
ISIN code
Number of shares and voting rights Number of shares and voting rights % 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)
FI0009005318 6,997,604 5.03%
SUBTOTAL A 6,997,604 5.03%

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
American Depository Receipt (US65528V1070) N/A N/A Physical 54,787 0.03%
Securities Lent N/A N/A Physical 14,799 0.01%
CFD N/A N/A Cash 24,421 0.01%
SUBTOTAL B 94,007 0.06%

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations
Tel. +358 10 401 7327

Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com

Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2020, the company's net sales were EUR 1.3 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com

https://news.cision.com/nokian-tyres/r/nokian-tyres--disclosure-under-chapter-9--section-10-of-the-securities-market-act,c3412478

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. 0.21% 906.305 Delayed Quote.25.14%
NOKIAN RENKAAT OYJ 0.76% 31.89 Delayed Quote.9.89%
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Financials
Sales 2021 1 580 M 1 838 M 1 838 M
Net income 2021 216 M 252 M 252 M
Net Debt 2021 2,43 M 2,82 M 2,82 M
P/E ratio 2021 20,2x
Yield 2021 4,29%
Capitalization 4 378 M 5 097 M 5 093 M
EV / Sales 2021 2,77x
EV / Sales 2022 2,57x
Nbr of Employees 4 822
Free-Float 89,8%
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Technical analysis trends NOKIAN RENKAAT OYJ
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TrendsBullishBearishNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 31,67 €
Average target price 31,10 €
Spread / Average Target -1,80%
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Managers and Directors
Jukka Matias Moisio President & Chief Executive Officer
Teemu Johannes Kangas-Kärki Chief Financial Officer
Jukka Hienonen Chairman
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
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