#Finland #Helsinki #UPM #UPM-Kymmene #WISA Group

UPM-Kymmene Corporation's Extraordinary General Meeting Announcement

On July 16, 2026, UPM-Kymmene Corporation issued a formal notice regarding an Extraordinary General Meeting (EGM) scheduled for August 31, 2026, at the Helsinki Expo and Convention Centre. This meeting is set to address significant corporate matters, notably the proposed partial demerger of the company, aimed at transferring its plywood business assets to a newly formed entity named WISA Group Plc.

Meeting Details

The meeting will kick off at 2:00 PM EEST. Shareholders are invited to register starting at 1:00 PM EEST, and they will have the option to cast their votes in advance. For those unable to attend in person, the meeting will be accessible through a live webcast, although it is important to note that attendees cannot engage via the webcast.

Agenda Highlights

The agenda includes various standard procedures typical of corporate meetings such as:
1. Opening of the meeting
2. Verification of the attendees
3. Approval of the Demerger Plan, which is crucial as it details how the assets of the UPM Plywood business will be incorporated into WISA Group.

The approval of this Demerger Plan requires a two-thirds majority vote from those present. Moreover, the details will be made available on UPM's official website for shareholders to review prior to the meeting.

Implications of the Demerger

Should the proposal pass, UPM will separate its plywood business, creating WISA Group as an independent entity. This strategic move aims to streamline operations and enhance value creation for its shareholders. Each current shareholder of UPM will receive one new share in WISA Group for each UPM share they hold, allocated proportionately on the Effective Date projected for October 31, 2026. Trading of WISA Group’s shares on the Nasdaq Helsinki is anticipated to start shortly thereafter.

The demarcation between UPM's operations and those of WISA Group is designed to refine their individual business focuses. It is anticipated that this organizational shift will generate better market responses and investment opportunities for both companies.

Shareholder Participation

UPM encourages all shareholders to participate actively, either in person or by registering to vote in advance. The meeting is open to those on the company's shareholder register by the record date, August 19, 2026. Registration is necessary and must be completed by August 24, 2026, via designated online options or by direct communication with the company's legal department.

The company emphasizes transparency and has made all relevant documents available online, including detailed proposals and reports from past meetings. In addition, necessary measures for electronic voting and proxy representation have been established to facilitate greater shareholder engagement.

Conclusion and Future Directions

This EGM not only addresses immediate business decisions but also sets the stage for UPM to redefine its market presence. The outcome will be closely monitored by investors, analysts, and other stakeholders interested in the implications for both UPM and WISA Group.

For continued updates and further details, stakeholders can visit UPM’s official website, where comprehensive information about the meeting and future developments is accessible.

In conclusion, this EGM is a pivotal moment for UPM-Kymmene Corporation as it embarks on a new chapter characterized by specialization and streamlined operations. Stakeholder involvement will be critical in shaping the future of UPM and WISA Group, as both companies aim for substantial growth and innovation in their respective fields.