Proposal on new stock options in UPM-Kymmene

The Board of Directors of UPM-Kymmene Corporation has in its meeting on 5 February 2002 resolved to propose to the Annual General Meeting of Shareholders to be held on 19 March 2002 that stock options be issued to the key personnel of the UPM-Kymmene Group.

The number of stock options issued will be 7,600,000. Each stock option entitles to subscription of one UPM-Kymmene share. Half of the stock options will be marked with the symbol 2002D and their subscription period shall be 1 April 2004 – 30 April 2007. Another half will be marked with the symbol 2002E and their subscription period shall be 1 April 2005 – 30 April 2008.

The earlier UPM-Kymmene stock options were launched in 1998.

Enclosures:
- Proposal by the Board of Directors to the Annual General Meeting
- Stock Options in UPM-Kymmene Corporation 2002
(pdf, 70 Kb)

UPM-Kymmene Corporation
Corporate Communications
February 5, 2002