
Orion Corporation Announces Shareholding Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)
Orion Corporation Reports Significant Shareholding Disclosure by BlackRock, Inc.
January 20, 2026 – Espoo, Finland – Orion Corporation, a leading Nordic pharmaceutical company, today announced an important regulatory disclosure under Chapter 9, Section 10 of the Finnish Securities Market Act.
This disclosure pertains to changes in the shareholding position of BlackRock, Inc., one of the world’s largest investment management firms, in Orion Corporation’s stock. The announcement was issued as a Stock Exchange Release and forms part of the company’s mandatory major shareholder announcements required by Finnish securities regulations.
Trigger of the Disclosure: Exceeding the 5 % Threshold
According to the notification received, on 16 January 2026, the total number of Orion shares held directly and indirectly by BlackRock, Inc. and its affiliated funds exceeded the regulatory threshold of 5 % of the total shares of Orion Corporation. This threshold crossing obligated both the investor and the company to publicly disclose the change in share ownership.
Under the Finnish Securities Market Act, holders of publicly listed companies must report when their shareholding reaches, exceeds, or falls below certain key levels — such as 5 %, 10 %, 15 %, and so on — because such changes are considered material information for other investors and the market.
Breakdown of BlackRock’s Holdings
The disclosure separates holdings into:
- Shares and voting rights (Point A): BlackRock holds 7,060,661 Orion shares, which corresponds to 5 % of the company’s shares based on direct and indirect ownership.
- Financial instruments (Point B): BlackRock also holds a very small number of shares (192) through financial instruments such as American Depositary Receipts.
In total, the holdings reported reach or surpass the 5 % notification level when combining direct, indirect, and instrument-based interests, which triggered the regulatory disclosure requirement.
What This Means for Investors
The observation that BlackRock’s stake crossed the 5 % level highlights the investment manager’s growing interest in Orion Corporation. For shareholders, this type of disclosure can be significant because it may signal investor confidence or strategic positioning by large institutional holders.
Shareholders and market participants often watch these disclosures closely, as they can have sway over market sentiment or reflect trends in institutional investment. However, a threshold crossing does not necessarily imply further action such as takeover intentions; rather, it primarily gives transparency about large investors’ positions.
About Orion Corporation
Orion Corporation is a Nordic pharmaceutical company with a century-long history of developing, manufacturing, and marketing both human and veterinary pharmaceuticals and active pharmaceutical ingredients. Its product portfolio includes proprietary and generic medicines across multiple therapy areas, such as oncology and pain management.
The company is headquartered in Espoo, Finland, and its shares are listed on the Nasdaq Helsinki stock exchange. Orion employs thousands of professionals globally and focuses on building well-being through innovative medicines and healthcare solutions.
Regulatory Framework: Understanding Flagging Notifications
Under Finnish securities law, a “flagging notification” like this is a formal announcement that must be communicated when shareholding reaches or moves past key disclosure thresholds. Orion Corporation, like all Finnish public companies, maintains a list of recent flagging notifications as part of its investor relations disclosures.
The purpose of flagging notifications is to ensure transparency and fairness in capital markets, allowing both professional and retail investors to understand which entities hold significant interests in a company.
Contact and Further Information
If investors or analysts seek more details, Orion Corporation’s investor relations team can provide further context. The official disclosure includes contact information for Tuukka Hirvonen, who serves as Investor Relations contact for the company.
Regulated disclosures like this remain key parts of companies’ obligations to maintain market transparency and keep all stakeholders informed of major changes in ownership structures.
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