Franklin Resources has decreased its shareholding in Stora Enso
Sep 24, 2007. Stora Enso Oyj was informed on that the shares in the company held by the affiliated investment advisers of Franklin Resources, Inc. has fallen under 5% of the paid-up share capital.
Sep 24, 2007. /Lesprom Network/. Stora Enso announced on September 24, 2007 that Stora Enso Oyj was informed on 21 September, 2007 that the shares in the company held by the affiliated investment advisers of Franklin Resources, Inc. has fallen under 5% of the paid-up share capital on 20 September 2007.
With reference to Chapter 2, paragraph 10 of the Finnish Securities Markets Act, Stora Enso Oyj is reporting that as of 20 September 2007 the total shareholding of funds managed by affiliated investment advisers of Franklin Resources, Inc. is as follows:
Franklin Resources, Inc. Number of shares % of shares % of votes Series R shares 37 810 155 4.79 1.58
In addition, voting rights by affiliated advisers of Franklin Resources, Inc. under account management agreements were 1.22% of the total voting rights.
The holding of Franklin Resources, Inc. has been calculated according to the share capital registered on 20 September 2007.