UPM-Kymmene Corporation Officially Cancels 6 Million Repurchased Shares
In a recent move signaling its commitment to shareholder returns, UPM-Kymmene Corporation, a leading global materials solutions provider, has announced the cancellation of 6 million shares that were repurchased under its buy-back program. This decision, sanctioned by the company's Board of Directors, was officially registered with the Finnish Trade Register.
The shares in question were acquired during a defined buy-back period, which spanned from February 10 to April 8, 2025. UPM-Kymmene initiated this program to enhance the value for its shareholders and to manage the overall capital structure effectively. Post-cancellation, the corporation now holds a total of 411,653 of its own shares, with the overall number of shares in circulation reduced to 527,735,699.
It's important to note that while the cancellation of these shares alters the total count of UPM's shares, it does not have repercussions on the company's share capital. This strategic decision reflects UPM's ongoing efforts to strengthen its financial position and align with the interests of its shareholders.
Founded in 1996, UPM-Kymmene Corporation operates with a strong focus on sustainable development. The company is renowned for its innovative approach to materials solutions, utilizing renewable fibers and advanced materials to deliver products across various sectors. Its Annual Report, which emphasizes performance in sustainability, has received accolades from third-party assessments such as EcoVadis and the Dow Jones Sustainability Indices. With approximately 15,800 employees and annual revenues nearing €10.3 billion, UPM-Kymmene stands as a global leader in its field.
The company’s shares are traded on Nasdaq Helsinki Ltd, where this recent development will be of keen interest to investors and stakeholders alike. UPM's commitment to its shareholders and sustainable practices reflects its ambition to not only renew products but also the broader value chain within the industry.
As UPM-Kymmene moves forward, its strategic initiatives such as this share cancellation are anticipated to bolster investor confidence and reinforce the company’s foundational principles of sustainability and responsible governance. With UPM emphasizing a focus on renewable materials and decarbonization solutions, the interest surrounding its future moves, including potential expansions and further buy-back activities, will be closely monitored by the market.
UPM-Kymmene's ongoing narrative is one of innovation and sustainability, and as it navigates through evolving market conditions, the company remains committed to renewing not just its product lines but also the trust placed in it by investors and communities globally. For more information about UPM's sustainability efforts and corporate updates, please visit their website or follow them on social channels.
The shares in question were acquired during a defined buy-back period, which spanned from February 10 to April 8, 2025. UPM-Kymmene initiated this program to enhance the value for its shareholders and to manage the overall capital structure effectively. Post-cancellation, the corporation now holds a total of 411,653 of its own shares, with the overall number of shares in circulation reduced to 527,735,699.
It's important to note that while the cancellation of these shares alters the total count of UPM's shares, it does not have repercussions on the company's share capital. This strategic decision reflects UPM's ongoing efforts to strengthen its financial position and align with the interests of its shareholders.
Founded in 1996, UPM-Kymmene Corporation operates with a strong focus on sustainable development. The company is renowned for its innovative approach to materials solutions, utilizing renewable fibers and advanced materials to deliver products across various sectors. Its Annual Report, which emphasizes performance in sustainability, has received accolades from third-party assessments such as EcoVadis and the Dow Jones Sustainability Indices. With approximately 15,800 employees and annual revenues nearing €10.3 billion, UPM-Kymmene stands as a global leader in its field.
The company’s shares are traded on Nasdaq Helsinki Ltd, where this recent development will be of keen interest to investors and stakeholders alike. UPM's commitment to its shareholders and sustainable practices reflects its ambition to not only renew products but also the broader value chain within the industry.
As UPM-Kymmene moves forward, its strategic initiatives such as this share cancellation are anticipated to bolster investor confidence and reinforce the company’s foundational principles of sustainability and responsible governance. With UPM emphasizing a focus on renewable materials and decarbonization solutions, the interest surrounding its future moves, including potential expansions and further buy-back activities, will be closely monitored by the market.
UPM-Kymmene's ongoing narrative is one of innovation and sustainability, and as it navigates through evolving market conditions, the company remains committed to renewing not just its product lines but also the trust placed in it by investors and communities globally. For more information about UPM's sustainability efforts and corporate updates, please visit their website or follow them on social channels.
Topics General Business）
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