Valmet Oyj: Notification according to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act: The Goldman Sachs Group, Inc. ownership in Valmet exceeds 5 percent

Valmet Oyj: Notification according to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act: The Goldman Sachs Group, Inc. ownership in Valmet exceeds 5 percent

Valmet Oyj’s stock exchange release on December 29, 2023 at 3:30 p.m. EET

 

Valmet Oyj (“Valmet”) has on December 28, 2023, received the following notification from The Goldman Sachs Group, Inc., pursuant to the Finnish Securities Markets Act (as amended, the “SMA”), stating that The Goldman Sachs Group, Inc. ownership and share of votes in Valmet has risen above the threshold of 5 percent on December 27, 2023.

 

Valmet has one series of shares in which each share carries one vote. The aggregate number of shares is 184,529,605.

 

Total positions of The Goldman Sachs Group, Inc. according 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)

Resulting situation on the date on which threshold was crossed or reached

0.05%

6.66%

6.71%

Position of previous notification (if applicable)

2.73%

2.12%

4.85%

 

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)

FI4000074984

 

89,831

 

 0.05%

 

 

 

 

 

SUBTOTAL A

89,831

0.05%

 

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 Lending

Open

 

Physical

7,989,040

4.33%

Swap

28/09/2026

 

Cash

570,062

0.31%

Swap

25/04/2033

 

Cash

547,950

0.30%

Swap

03/11/2026

 

Cash

500,906

0.27%

Swap

12/12/2033

 

Cash

349,030

0.19%

Swap

05/12/2033

 

Cash

265,355

0.14%

Swap

21/11/2033

 

Cash

261,305

0.14%

Swap

12/05/2033

 

Cash

207,086

0.11%

Swap

12/05/2033

 

Cash

183,947

0.10%

Swap

12/05/2033

 

Cash

179,270

0.10%

Swap

28/11/2033

 

Cash

157,589

0.09%

Swap

12/05/2033

 

Cash

148,951

0.08%

Swap

21/11/2033

 

Cash

140,836

0.08%

Swap

30/11/2033

 

Cash

136,601

0.07%

Swap

19/12/2033

 

Cash

105,629

0.06%

Swap

31/05/2038

 

Cash

86,583

0.05%

Swap

30/04/2024

 

Cash

77,287

0.04%

Swap

18/12/2026

 

Cash

51,425

0.03%

Swap

05/12/2033

 

Cash

28,707

0.02%

Swap

10/10/2033

 

Cash

25,617

0.01%

Swap

27/10/2033

 

Cash

25,136

0.01%

Swap

17/08/2026

 

Cash

21,259

0.01%

Swap

31/05/2038

 

Cash

16,350

0.01%

Swap

12/10/2026

 

Cash

15,958

0.01%

Swap

17/08/2026

 

Cash

15,390

0.01%

Swap

17/11/2033

 

Cash

12,805

0.01%

Swap

07/03/2029

 

Cash

10,418

0.01%

Swap

17/08/2026

 

Cash

8,658

0.005%

Swap

26/06/2026

 

Cash

8,389

0.005%

Swap

02/02/2026

 

Cash

7,158

0.004%

Swap

29/01/2030

 

Cash

7,079

0.004%

Swap

20/10/2026

 

Cash

6,178

0.003%

Swap

29/09/2027

 

Cash

5,348

0.003%

Swap

29/01/2030

 

Cash

4,862

0.003%

Swap

20/12/2033

 

Cash

4,743

0.003%

Swap

08/12/2026

 

Cash

4,507

0.002%

Swap

08/12/2026

 

Cash

4,251

0.002%

Swap

20/12/2033

 

Cash

3,008

0.002%

Swap

07/11/2033

 

Cash

2,977

0.002%

Swap

09/03/2026

 

Cash

2,781

0.002%

Swap

08/12/2026

 

Cash

2,761

0.001%

Swap

02/02/2026

 

Cash

1,783

0.001%

Swap

17/08/2026

 

Cash

1,673

0.001%

Swap

17/08/2026

 

Cash

1,085

0.001%

Swap

17/08/2026

 

Cash

607

0.0003%

Swap

17/08/2026

 

Cash

451

0.0002%

Swap

17/08/2026

 

Cash

265

0.0001%

Swap

14/11/2033

 

Cash

47

0.00003%

Swap

12/03/2024

 

Cash

1

0.000001%

Call Option

18/01/2024

 

Cash

40,293

0.02%

Call Option

10/09/2029

 

Cash

14,117

0.01%

Call Option

10/09/2029

 

Cash

10,199

0.01%

Call Option

17/08/2029

 

Cash

8,006

0.004%

Call Option

17/09/2029

 

Cash

4,521

0.002%

 

 

 

SUBTOTAL B

12,286,239

6.66%

 

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:

Name

% of shares and voting rights

% of shares and voting rights through financial instruments

Total of both

The Goldman Sachs Group, Inc.

 

 

 

Goldman Sachs (UK) L.L.C.

 

 

 

Goldman Sachs Group UK Limited

 

 

 

Goldman Sachs International

 

 

 

 

 

 

 

The Goldman Sachs Group, Inc.

 

 

 

GSAM Holdings LLC

 

 

 

Goldman Sachs Asset Management, L.P.

 

 

 

 

 

 

 

The Goldman Sachs Group, Inc.

 

 

 

Goldman Sachs & Co. LLC

 

 

 

 

 

 

 

The Goldman Sachs Group, Inc.

 

 

 

Goldman Sachs Bank USA

 

 

 

Goldman Sachs Bank Europe SE

 

 

 

 

 

 

 

The Goldman Sachs Group, Inc.

 

 

 

GSAM Holdings LLC

 

 

 

GSAMI Holdings I Ltd

 

 

 

GSAMI Holdings II Ltd

 

 

 

Goldman Sachs Asset Management International Holdings Ltd

 

 

 

Goldman Sachs Asset Management International

 

 

 

 

Additional information provided by The Goldman Sachs Group, Inc.:

 

Please note, the total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

 

Further information, please contact:

Tuuli Oja, Manager, Investor Relations, Valmet, tel. +358 10 672 0352

 

VALMET

 

Katri Hokkanen

CFO

 

Pekka Rouhiainen

VP, Investor Relations

 

DISTRIBUTION:

Nasdaq Helsinki

Major media

www.valmet.com

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet’s net sales in 2022 were approximately EUR 5.1 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.    

 

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