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Achieve a premium no-label look on beverage bottles with UPM Raflatac's new clear PP film2017-02-23T13:00:00Z<p class="hugin">(UPM Raflatac, Tampere, 23 February 2017 at 15&#58;00 EET) - UPM Raflatac has launched RafBev Clear TC 40 for the European market, a transparent film that offers a no-label look for beverage bottle applications. The trend for a no-label look has gathered steam in recent years as companies discover how clear labels can give their brand greater shelf appeal. RafBev Clear TC 40 is a thinner film product that is perfect for applications such as beer bottle labeling. </p> <p class="hugin">For the ultimate clear-on-clear look choose the RP76E adhesive and a PET23 HS liner. RP76E delivers in terms of water whitening performance in applications that require water resistance, and PET23 HS is the ideal choice for the fastest high-speed dispensing and beverage bottling lines.</p> <p class="hugin">RafBev Clear TC 40 also offers sustainability benefits over the label's life cycle due to its thinner construction. As a result, less raw material is needed in the production, the transportation burden is eased with a lighter load, and less waste is produced. Additionally, there are fewer reel changes required in printing and dispensing which further reduces waste and increases productivity. </p> <p class="hugin">&quot;Beverage bottles undergo many humidity and temperature challenges throughout their lifetime,&quot; says <b class="hugin">Päivi Knihti</b>, Segment Manager, Films, EMEIA. &quot;RafBev Clear TC 40 is designed to maintain its appearance and performance throughout, giving a premium no-label look with more flexibility than printing directly on the bottle. It is ideal for those that are looking to replace wet glue with a self-adhesive label solution, offering cost and sustainability benefits, while also enhancing brand and shelf appeal.&quot;</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Päivi Knihti, Segment Manager, UPM Raflatac, Films, EMEIA, tel. +358 2041 6143</p> <p class="hugin">High resolution image can be found in <a class="hugin" href="http&#58;//pet.upm.com/l/P6G_FQLKZxLP" target="_blank">UPM image bank</a>.</p> <p class="hugin">Read more about film label materials at&#58; <br class="hugin"><a class="hugin" href="http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/film-label-stocks" target="_blank">http&#58;//www.upmraflatac.com/emea/en/solutions-and-services/film-label-stocks</a> </p> <p class="hugin"><b class="hugin">UPM Raflatac </b></p> UPM Raflatac is one of the world's leading producers of self-adhesive label materials.&#160;We supply high-quality paper and film label stock for consumer product and industrial&#160;labelling through a global network of factories, distribution terminals and sales offices.&#160;<br class="hugin"> <p class="hugin">We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion)&#160;in 2016.&#160;Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac launches RafShrink PETG TDO 45 HS shrink sleeve labeling film2017-02-20T13:00:00Z<p class="hugin">(UPM Raflatac, Tampere, 20 February 2017 at 15&#58;00 EET) - UPM Raflatac is expanding its range of high-performance shrink sleeve labeling films&#160;on the European market&#160;with the introduction of RafShrink PETG TDO 45 HS. RafShrink films can wrap any shape of container, increasing the design possibilities for labeling without compromising productivity. RafShrink PETG TDO 45 HS has a maximum shrinkage of 79% and offers enhanced opportunities for heat shrink sleeve printers in the bestselling shrink sleeve product category. It is available from UPM Raflatac's MEGA 4000 service, for quick delivery of all order quantities starting from 4000 m<sup class="hugin" style="vertical-align&#58;text-top;font-size&#58;0.8em;">2 </sup>and is ideal for labeling products in the home and personal care, food and beverage categories.</p> <p class="hugin">&quot;The RafShrink product porftolio combines the design benefits of traditional shrink sleeve films with the high level of recyclability and sustainability now demanded by both brands and consumers.&quot; says <strong class="hugin">Erkki Nyberg</strong>, Director, Shrink Sleeve Films. &quot;We can support you through label printing and application trials, offer recommendations for inks, and provide you with sustainability and environmental services. Our delivery service is quick, with low minimum order quantities, making small print runs possible and affordable. We also have an extensive slitting and distribution network, guaranteeing short lead times for all orders,&quot; Nyberg continues.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Erkki Nyberg, Director, UPM Raflatac, Shrink Sleeve Films, tel. +358&#160;2041 6143</p> <p class="hugin">High resolution image can be found in <a class="hugin" href="http&#58;//pet.upm.com/l/kHmfW7c8Z9nx" target="_blank">UPM image bank.</a></p> <p class="hugin">Read more about shrink sleeve films at&#58; <a class="hugin" href="http&#58;//www.rafshrink.com" target="_blank">www.rafshrink.com</a> </p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials.&#160;We supply high-quality paper and film label stock for consumer product and industrial&#160;labelling through a global network of factories, distribution terminals and sales offices.&#160;<br class="hugin"> We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion)&#160;in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com/" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac appoints new EMEIA and APAC region leaders2017-02-20T09:00:00Z<p class="hugin">(UPM Raflatac, Helsinki, 20 February 2017 at 11&#58;00 EET) - UPM Raflatac has made two key additions to its global management team, with Massimo Reynaudo becoming Senior Vice President of EMEIA and Sean Heng taking the post of Vice President, APAC. Both appointments are effective as of April 3, 2017.</p> <p class="hugin"><b class="hugin">Massimo Reynaudo</b> joins UPM from Kimberly Clark where he has during the last 21 years held several sales, marketing, project and general management positions in Italy, the UK and Germany. Most recently, he was the Managing Director and General Manager of Kimberly Clark's DACH Region in Europe.</p> <p class="hugin"><b class="hugin">Sean Heng</b> joins UPM from Henkel where he has during the last 11 years held several sales and business unit leadership roles in Industrial Adhesives and Packaging &amp; Lamination segments in the APAC region, based in China, Malaysia and Singapore. Earlier in his career, Sean has worked in the flexible packaging and packaging can industries in Indonesia, Singapore and Malaysia.</p> <p class="hugin">Photos of the newly appointed leaders can be downloaded at <a class="hugin" href="http&#58;//pet.upm.com/l/zfFHL7zgh56K" target="_blank">UPM Image bank</a>.</p> <p class="hugin"><b class="hugin">UPM Raflatac </b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labelling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of EUR 1.4 billion (USD 1.5 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>.</p> <p class="hugin">Follow UPM Raflatac on <a class="hugin" href="https&#58;//twitter.com/upm_raflatac" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac/" target="_blank">Instagram</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> <b class="hugin">| </b><a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a> </p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Looking for the perfect match?2017-02-20T08:00:00Z<p class="hugin" style="clear&#58;both;"><img width="229" height="229" align="right" class="hugin" src="https&#58;//hugin.info/165629/I/2079929/115073.jpg" hspace="12" alt="" />(UPM, Helsinki, 20 February 2017 at 10&#58;00 EET) - You don't have to wonder anymore, whether and where you can find a suitable paper for your digital printing machine. UPM introduces the DIGI Matchmaker - an <a href="http&#58;//www.upmpaper.com/products/Digital-Printing-Papers/Pages/Default.aspx" target="_blank">online tool</a> developed to assist in finding the paper perfectly matching your requirements from our UPM Digi papers range.</p> <p class="hugin">Using the DIGI Matchmaker is simple&#58; Once you have chosen the digital printing method of your choice and defined the digital printing machine you are using, the DIGI Matchmaker introduces the perfectly matching results from UPM Digi paper offering.</p> <p class="hugin">UPM is presenting its paper selection for digital printing and the DIGI Matchmaker at Hunkeler Innovationdays 2017, in Lucerne Switzerland on February 20-23. Visit us at our booth in Hall 1 and we will tell you more about the DIGI Matchmaker, UPM Digi papers offering and our services. See you in Lucerne!</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ansgar Reiners, Sales Manager, UPM Paper ENA, tel. +49 1609 7863 390</p> <p class="hugin">Pictures available for downloading at&#58; <a class="hugin" href="http&#58;//pet.upm.com/l/wJN6JxhsXfNt" target="_blank">http&#58;//pet.upm.com/l/wJN6JxhsXfNt</a></p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com/Pages/default.aspx" target="_blank">www.upmpaper.com</a></p> <p class="hugin"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com</p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Sillanpää, Mika<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 13,840 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 13,840 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Schaur, Winfried<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 13,373 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 13,373 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284&#160;&#160;&#160;<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Pesonen, Jussi<br class="hugin">Position&#58; Chief Executive Officer<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 49,427 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 49,427 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Korpeinen, Tapio<br class="hugin">Position&#58; Chief Financial Officer<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 21,748 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 21,748 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a> <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Jääskeläinen, Antti<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 6,920 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 6,920 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Vappula, Heikki<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 17,794 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 17,794 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a> <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-17T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 17 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 17 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Eikens, Bernd<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION<br class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-16<br class="hugin">Venue is not applicable<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; RECEIPT OF A SHARE-BASED INCENTIVE</p> <p class="hugin">Transaction details<br class="hugin">(1)&#58;&#160; Volume&#58; 20,364 Unit price&#58; 0.00 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58;&#160; Volume&#58; 20,364 Volume weighted average price&#58; 0.00 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284&#160; &#160; <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Raflatac introduces 60# Raflacoat Premium product range: a semi-gloss paper with superior shelf appeal2017-02-16T15:00:00Z<p class="hugin">(UPM Raflatac, Mills River, NC, USA, February 16, 2017 at 17&#58;00 EET) - High-gloss performance meets a semi-gloss price point as UPM Raflatac announces the launch of its new 60# Raflacoat Premium product range in the Americas. Featuring a true 60# semi-gloss face paper paired with a variety of adhesives and liners, these new label materials are designed to help products &quot;pop&quot; on the shelf. This new product range represents the highest-grade semi-gloss paper materials in UPM Raflatac's portfolio.<br class="hugin"> 60# Raflacoat Premium's clean, white appearance, superior gloss and smoothness are ideal for any prime applications that require brightly colored text and graphics for superior shelf appeal, including food, retail and personal care labeling. This face stock is offered with a range of permanent adhesives and both white kraft and PET liners. </p> <p class="hugin">&quot;Our new 60# Raflacoat Premium product range is the perfect fit for your brand,&quot; says <b class="hugin">Stacey MacNeil</b>, Director, Paper Laminates, Americas, UPM Raflatac. &quot;We're proud to say that the level of print cleanliness and 'pop' they offer have historically only been achieved with high-gloss label products. Don't believe us? Order a few printed samples and see for yourself.&quot;</p> <p class="hugin"><a class="hugin" href="http&#58;//go.upmraflatac.com/semi-glosspapers" target="_blank">Learn more about UPM Raflatac's semi-gloss products, including new 60# Raflacoat Premium »</a></p> <p class="hugin">High-res photos can be downloaded at » <a class="hugin" href="http&#58;//pet.upm.com/l/fsrmzCfnQ6Gk" target="_blank">http&#58;//pet.upm.com/l/fsrmzCfnQ6Gk</a> </p> <p class="hugin"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">Stacey MacNeil, Director, Paper Laminates, Americas, UPM Raflatac, tel. +1- 828-279-6308, <a class="hugin" href="mailto&#58;stacey.macneil@upmraflatac.com" target="_blank">stacey.macneil@upmraflatac.com</a> </p> <p class="hugin"><b class="hugin">About UPM Raflatac</b><br class="hugin">UPM Raflatac is one of the world's leading producers of self-adhesive label materials. We supply high-quality paper and film label stock for consumer product and industrial labeling through a global network of factories, distribution terminals and sales offices. We employ around 3,000 people and made sales of USD 1.5 billion (EUR 1.4 billion) in 2016. UPM Raflatac is part of UPM - The Biofore Company. Find out more at <a class="hugin" href="http&#58;//www.upmraflatac.com" target="_blank">www.upmraflatac.com</a>. </p> <p class="hugin">Follow us on <a class="hugin" href="https&#58;//twitter.com/upmraflatacam" target="_blank">Twitter</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-raflatac" target="_blank">LinkedIn</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.facebook.com/upmraflatac" target="_blank">Facebook</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.youtube.com/user/upmraflatac" target="_blank">YouTube</a> <b class="hugin">|</b> <a class="hugin" href="https&#58;//www.instagram.com/upmraflatac" target="_blank">Instagram</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
The plans 2017-2019 within UPM share incentive programmes 2017-02-14T07:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160; &#160;&#160;&#160;&#160;Other information disclosed according to the rules of the Exchange&#160;&#160; &#160;&#160;&#160;&#160;&#160;14 February 2017 at 9&#58;30 EET</p> <p class="hugin"><b class="hugin">The plans 2017-2019 within UPM share incentive programmes </b></p> <p class="hugin">UPM's Board of Directors has approved the commencement of new plans for the period 2017-2019 within the company's two long-term share incentive programmes&#58; the Performance Share Plan and the Deferred Bonus Plan. </p> <p class="hugin">The long-term share incentive programmes consist of annually commencing new plans subject to the approval of the Board of Directors of UPM in each case. </p> <p class="hugin">The earning criterion for the earning period 2017-2019 of the Performance Share Plan is the total shareholder return during 2017-2019. </p> <p class="hugin">The earning criteria for the Deferred Bonus Plan are based on the Group and each business area's EBITDA. The plan for the period 2017-2019 consists of a one-year earning period (2017) and a two-year restriction period following thereafter (2018-2019). </p> <p class="hugin">The share incentive plans for the period 2017-2019 cover in total approximately 380 participants. In case all the set performance targets are met in full, the estimated total maximum number of shares to be delivered under these plans is approximately 1,200,000 shares. The above indicated estimate of the maximum share rewards represents the gross value of the rewards of which the applicable taxes will be deducted before the shares are delivered to the participants. </p> <p class="hugin">Share delivery will be executed by using already existing shares and the plans, therefore, have no dilutive effect. Besides the attainment of the performance criteria the share reward under both plans is subject to the continuation of the employment. The share rewards earned on the basis of the plans for the period 2017-2019 will be delivered in 2020. </p> <p class="hugin"><b class="hugin">For further information, please contact&#58; </b><br class="hugin">Riitta Savonlahti, Executive Vice President, Human Resources, tel. +358 204 15 0048&#160; &#160;</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations</b><br class="hugin">Mon-Fri from 9&#58;00 to 16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a><br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
President of Uruguay, Dr Tabaré Vázquez, visited UPM's Biofore House2017-02-13T15:30:00Z<p class="hugin">(UPM, Helsinki, 13 February, 2017 at 17&#58;30 EET) - In connection to his visit to Germany, Finland and Russia, President of Uruguay, Dr <b class="hugin">Tabaré Vázquez</b> also visited UPM's Biofore House in Helsinki. The President's delegation included several Uruguayan cabinet members and was hosted by UPM's President and CEO, <b class="hugin">Jussi Pesonen</b>. </p> <p class="hugin">During the visit Pesonen presented UPM's operations highlighting, among other things, the importance of cost competitiveness and the fundamental role of logistics infrastructure in all environments where UPM operates.</p> <p class="hugin">Pesonen appreciated Uruguay's long-standing commitment in developing forestry sector in the country.</p> <p class="hugin">&quot;The visit to Europe is an example of that commitment, actively building and strengthening networks to continue this development,&quot; says Pesonen. </p> <p class="hugin">In July 2016, UPM started discussions in Uruguay with the Government of Uruguay on the local prerequisites for long-term industrial growth. The discussions in Montevideo have proceeded in a positive spirit. However, at present, a number of issues remain unsettled and the discussions continue. </p> <p class="hugin">Photos of the visit can be found <a class="hugin" href="http&#58;//pet.upm.com/l/8T2cmt2PkJcB" target="_blank">here</a>.</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284 <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="http&#58;//www.upm.com/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM Digi papers at Hunkeler Innovationdays 20172017-02-10T12:12:00Z<p class="hugin">(UPM, Helsinki, 10 February 2017 at 14&#58;00 EET) - UPM will be sharing its paper selection for digital printing at Hunkeler Innovationdays 2017, in Lucerne Switzerland on February 20-23. During the last few years we have focused on developing a comprehensive product offering suitable for vast variety of digital printing techniques and printing machines, not to mention for an abundance of various applications and end use areas. The latest addition to our paper selection are UPM Digi products for highspeed inkjet printing in both reels and sheets.</p> <p class="hugin">&quot;We are prepared for digital sheetfed business and the different technologies, like laser or new Inkjet presses coming to the markets,&quot; says <b class="hugin">Ansgar Reiners</b>, Sales Manager of UPM Digi papers.</p> <p class="hugin">In addition to our versatile paper offering, we also offer a wide range of finishing options, such as tailor-made cutting and packing for different sizes and formats from reels to reams. To serve our customers even better, we recently installed two special digital sheeters with excellent cutting accuracy. Reliable deliveries and our partnership with office equipment manufacturers and merchants ensures best availability in all markets. </p> <p class="hugin">UPM Digi papers are performing live on our partners' HP, Xerox Impika and Screen printing machines at Hunkeler Innovationdays 2017 and you can visit us at our booth in Hall 1 to learn more about the UPM Digi papers offering and our services. See you in Lucerne and stay tuned for news on an exciting UPM Digi papers event launch.</p> <p class="hugin"><b class="hugin">For further information please contact&#58;</b><br class="hugin">Ansgar Reiners, Sales Manager, UPM Paper ENA, tel. +49 1609 7863 390</p> <p class="hugin">Pictures available for downloading at&#58; <a class="hugin" href="http&#58;//pet.upm.com/l/wJN6JxhsXfNt" target="_blank">http&#58;//pet.upm.com/l/wJN6JxhsXfNt</a></p> <p class="hugin"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin">Follow us on&#160;<a class="hugin" href="https&#58;//twitter.com/UPM_Papers" target="_blank">Twitter</a></p> <p class="hugin"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com</p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#81853a22-b160-4cb3-8242-e79183473299;L0|#081853a22-b160-4cb3-8242-e79183473299|Press release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Change of trading code2017-02-09T07:30:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Other information disclosed according to the rules of the Exchange&#160;&#160;&#160;&#160;&#160; 9 February 2017 at 09&#58;30 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Change of trading code</b></p> <p class="hugin">The change of UPM-Kymmene Corporation's trading code from UPM1V to UPM will be valid in the Nasdaq Helsinki's INET trading system as from 13 February 2017. </p> <p class="hugin"><b class="hugin">Updated identifiers&#58;</b><br class="hugin">Company name&#58; UPM-Kymmene Corporation<br class="hugin">New trading code&#58; UPM<br class="hugin">Issuer code&#58; UPM<br class="hugin">ISIN code&#58; FI0009005987<br class="hugin">Order book ID&#58; 24386</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284&#160;&#160;&#160;<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="http&#58;//www.twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="http&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="http&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM-Kymmene Corporation: Managers' Transactions2017-02-03T13:00:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Managers' Transactions&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3 February 2017 at 15&#58;00 EET</p> <p class="hugin"><b class="hugin">UPM-Kymmene Corporation&#58; Managers' Transactions</b></p> <p class="hugin">UPM-Kymmene Corporation has on 3 February 2017 received the following notification&#58;&#160; </p> <p class="hugin">Person subject to the notification requirement<br class="hugin">Name&#58; Vappula, Heikki<br class="hugin">Position&#58; Other senior manager<br class="hugin">Issuer&#58; UPM-Kymmene Corporation<br class="hugin">LEI&#58; 213800EC6PW5VU4J9U64</p> <p class="hugin">Notification type&#58; INITIAL NOTIFICATION</p> <p class="hugin">____________________________________________</p> <p class="hugin">Transaction date&#58; 2017-02-02<br class="hugin">Venue&#58; NASDAQ HELSINKI LTD (XHEL)<br class="hugin">Instrument type&#58; SHARE<br class="hugin">ISIN&#58; FI0009005987<br class="hugin">Nature of the transaction&#58; DISPOSAL</p> <p class="hugin">Transaction Details<br class="hugin">(1)&#58; Volume&#58; 20,000 Unit price&#58; 22.55850 EUR</p> <p class="hugin">Aggregated transactions<br class="hugin">(1)&#58; Volume&#58; 20,000 Volume weighted average price&#58; 22.55850 EUR</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284<a class="hugin" href="#">&#160; &#160;</a> <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Employee consultation processes at UPM Steyrermühl and UPM Augsburg ended2017-02-02T09:30:00Z<p class="hugin" style="border-style&#58;none;">(UPM, Helsinki, 2 February 2017 at 11&#58;30 EET) - UPM has decided to close 305,000 tonnes of graphic paper capacity in Europe. The company permanently closes the paper machine 3 at UPM Steyrermühl, Austria and the paper machine 2 at UPM Augsburg, Germany. <a class="hugin" href="/About-us/Newsroom/Releases/Pages/UPM-Paper-ENA-plans-to-reduce-305,000-tonnes-of-graphic-paper-capacity-in-Europe-001-Thu-03-Nov-2016-11-33.aspx" target="_blank">The decision is based on the plan announced in November 2016.</a> </p> <p class="hugin" style="border-style&#58;none;">The employee consultation processes were conducted in line with the local legislations and have now been finalised. The number of persons affected is 143 for UPM Augsburg and 125 for UPM Steyrermühl. The SC paper machine 3 in Steyrermühl will be permanently closed at the end of Q1 2017. In Augsburg the production on the SC paper machine 2 was stopped already in the end of 2016. Both mill sites continue their paper production on the remaining cost-competitive paper machines.</p> <p class="hugin" style="border-style&#58;none;">&quot;We understand the disappointment of our employees in Steyrermühl and Augsburg. Due to adverse market conditions continuously challenging us, we have to adjust our operations to&#160;meet the demand and to ensure a competitive future of our remaining paper assets.&#160;We conducted constructive and fair employee consultation processes at both mills, in order to diminish the impact of the closures on the personnel,&quot;&#160;says&#160;<b class="hugin">Anu Ahola</b>, Senior Vice President, News &amp; Retail, UPM Paper ENA. </p> <p class="hugin" style="border-style&#58;none;">The closure of both machines would result in annual cost savings of approximately EUR 30 million. UPM booked charges of EUR 64 million as an item affecting comparability in Q4 2016.</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">UPM Paper ENA Stakeholder Relations, tel. +49 821 3109 225, paperinfo@upm.com</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">For local information, please contact&#58;</b><br class="hugin">Ernst Spitzbart, General Manager, UPM Steyrermühl, UPM Paper ENA, tel. +43 7613 8900 359<br class="hugin">Gerhard Mayer, General Manager, UPM Augsburg, UPM Paper ENA, tel. +49 821 3109 509</p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9.00-16.00 EET<br class="hugin">tel. +358 40 588 3284<br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM Paper ENA</b><br class="hugin">UPM Paper ENA (Europe and North America) is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while activity fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More about UPM Paper ENA and its products at <a class="hugin" href="http&#58;//www.upmpaper.com" target="_blank">www.upmpaper.com</a></p> <p class="hugin" style="border-style&#58;none;"><b class="hugin">About UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/" target="_blank">www.upm.com</a></p> <p class="hugin" style="border-style&#58;none;"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="http&#58;//upmbiofore.com" target="_blank">upmbiofore.com</a></p> GP0|#c72b848f-2cb3-4c62-ac14-e72f6f391f59;L0|#0c72b848f-2cb3-4c62-ac14-e72f6f391f59|Investor news;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
Notice of the annual general meeting2017-01-31T10:15:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160;&#160;&#160; Notice to general meeting&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 31 January 2017 at 12&#58;15 EET</p> <p class="hugin"><b class="hugin">Notice of the annual general meeting</b></p> <p class="hugin">Notice is given to the shareholders of UPM-Kymmene Corporation of the Annual General Meeting to be held on Wednesday, 29 March 2017 starting at 14.00 (EET) at Messukeskus, Messuaukio 1, Helsinki, Finland (Kokoustamo entrance). The reception of attendees who have preregistered for the meeting and the distribution of voting tickets will commence at 13.00 (EET). </p> <p class="hugin"><b class="hugin"><i class="hugin">A. Matters on the agenda of the Annual General Meeting</i></b></p> <ol class="hugin" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">Opening of the meeting</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Calling the meeting to order</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Election of persons to scrutinise the minutes and to supervise the counting of votes</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Recording the legality of the meeting</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Recording the attendance at the meeting and adoption of the list of votes</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Presentation of the Financial Statements, the Report of the Board of Directors and the Auditor's Report for the year 2016</b><br class="hugin">&#160;</div> <ul class="hugin"> <li class="hugin"> <div class="hugin">Review by the President and CEO<br class="hugin">&#160;</div> </li> </ul> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Adoption of the Financial Statements</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the use of the profit shown on the balance sheet and the payment of dividend</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that a dividend of EUR 0.95 per share be paid based on the balance sheet to be adopted for the financial year ending 31 December 2016. The dividend will be paid to a shareholder who is registered in the Company's shareholders' register held by Euroclear Finland Ltd on the dividend record date 31 March 2017. The Board of Directors proposes that the dividend be paid on 12 April 2017.</p> <ol class="hugin" type="1" start="9"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the discharge of the members of the Board of Directors and the President and CEO from liability</b><br class="hugin">&#160;</div> </li> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the remuneration of the members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that the remuneration of the Board of Directors be raised, as it has remained unchanged since 2007, and that Chairman of the Board of Directors be paid an annual base fee of EUR 190,000 (previously EUR 175,000), Deputy Chairman of the Board EUR 135,000 (previously EUR 120,000) and other members of the Board EUR 110,000 (previously EUR 95,000). </p> <p class="hugin">The Nomination and Governance Committee further proposes that the following annual committee fees be paid to the members of the committees of the Board of Directors&#58;</p> <ul class="hugin"> <li class="hugin"> <div class="hugin">Nomination and Governance Committee&#58; Chairman EUR 20,000 and members EUR 10,000</div> </li> <li class="hugin"> <div class="hugin">Audit Committee&#58; Chairman EUR 35,000 and members EUR 15,000</div> </li> <li class="hugin"> <div class="hugin">Remuneration Committee&#58; Chairman EUR 20,000 and members EUR 10,000.</div> </li> </ul> <p class="hugin">No annual fees shall be paid to a member of the Board of Directors belonging to the executive management of the Company.</p> <p class="hugin">The annual base fee is proposed to be paid in Company shares and cash so that 40% will be payable in the Company shares to be purchased on the Board members' behalf, and the rest in cash. The Company will pay any costs and transfer tax related to the purchase of the Company shares. Shares thus purchased may not be transferred within two years from the purchase date or until the director's membership in the Board has ended, whichever occurs first. The annual committee fees are proposed to be paid in cash.</p> <p class="hugin">In addition, the Board of Directors' Nomination and Governance Committee proposes that travel and lodging expenses incurred from meetings held elsewhere than in a director's place of residence will be paid against invoice.</p> <ol class="hugin" type="1" start="11"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the number of members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that the number of members of the Board of Directors be resolved to be the current ten (10).</p> <ol class="hugin" type="1" start="12"> <li class="hugin"> <div class="hugin"><b class="hugin">Election of members of the Board of Directors</b></div> </li> </ol> <p class="hugin">The Board of Directors' Nomination and Governance Committee proposes that all of the current Board members i.e. Berndt Brunow, Henrik Ehrnrooth, Piia-Noora Kauppi, Wendy E. Lane, Jussi Pesonen, Ari Puheloinen, Veli-Matti Reinikkala, Suzanne Thoma, Kim Wahl and Björn Wahlroos be re-elected to the Board for a term continuing until the end of the next Annual General Meeting. Said director nominees have given their consents to the election. The nominees' biographical details are available <a href="http&#58;//assets.upm.com/Governance/AGM2017/UPM-director-nominees-2017.pdf" target="_blank">on the corporate website</a>.</p> <p class="hugin">The Nomination and Governance Committee has assessed the director nominees' independence&#160; against the independence criteria of the Finnish Corporate Governance Code. According to the evaluation carried out by the committee, all director nominees are independent of the Company's significant shareholders as none of the Company shareholders holds more than 10 percent of the Company's shares or voting rights. The committee has also assessed that all non-executive director nominees are independent of the Company, including Berndt Brunow, Wendy E. Lane and Veli-Matti Reinikkala, who according to the overall evaluation carried out by the committee continue to be independent of the Company although they have been, if re-elected, non-executive directors for 10 consecutive years or more. As the President and CEO of the Company, Jussi Pesonen is not independent of it. According to the Board Charter, the President and CEO may not be a member of any of the Board committees.</p> <ol class="hugin" type="1" start="13"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the remuneration of the auditor</b></div> </li> </ol> <p class="hugin">The Board of Directors' Audit Committee proposes that the remuneration of the Company's auditor be paid against invoices approved by the Board of Directors' Audit Committee.</p> <p class="hugin">For the year 2016, the Company's auditor was paid EUR 2.3 million as audit fee, EUR 0.1 million for audit-related services, EUR 0.7 million for tax services and EUR 0.5 million for other non-audit services. </p> <ol class="hugin" type="1" start="14"> <li class="hugin"> <div class="hugin"><b class="hugin">Election of auditor</b></div> </li> </ol> <p class="hugin">The Board of Directors' Audit Committee proposes that PricewaterhouseCoopers Oy, Authorised Public Accountants, be re-elected as the Company's auditor for a term that will continue until the end of the next Annual General Meeting. PricewaterhouseCoopers Oy has notified the Company that Authorised Public Accountant Merja Lindh would continue as the lead audit partner.</p> <ol class="hugin" type="1" start="15"> <li class="hugin"> <div class="hugin"><b class="hugin">Authorising the Board of Directors to decide on the repurchase of the Company's own shares</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that the Board be authorised to decide on the repurchase of a maximum of 50,000,000 of the Company's own shares. The proposed maximum number of shares corresponds to 9.4 per cent of the Company's registered number of shares at the time of the proposal. The authorisation would also include the right to accept the Company's own shares as a pledge.</p> <p class="hugin">The Company's own shares will be repurchased in public trading otherwise than in proportion to the existing shareholdings of the Company's shareholders at the market price quoted at the time of purchase on the trading places where the Company's shares or certificates entitling to its shares are traded, using the Company's unrestricted shareholders' equity. </p> <p class="hugin">The shares will be repurchased to be used as consideration in potential mergers or acquisitions, to finance investments or other business-related transactions, to develop the Company's capital structure, or as a part of the Company's incentive plans, or to be retained by the Company as treasury shares, transferred or cancelled. </p> <p class="hugin">The Board shall decide on all other matters related to the repurchase of the Company's own shares. The authorisation is proposed to be valid for 18 months from the date of the resolution of the Annual General Meeting. If this authorisation is granted, it will revoke the repurchase authorisation granted by the Annual General Meeting on 7 April 2016.</p> <ol class="hugin" type="1" start="16"> <li class="hugin"> <div class="hugin"><b class="hugin">Resolution on the forfeiture of the shares entered in a joint book-entry account and of the rights attached to such shares</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that the Annual General Meeting resolve, in accordance with the Finnish Limited Liability Companies Act, that rights to the shares entered in the Company's joint book-entry account and the rights attached to such shares be forfeited and that the Board be authorised to take any and all measures required by such resolution. On 31 December 2016, the number of shares in the joint book-entry account was 183,116 corresponding to 0.03 per cent of the total number of shares in the Company. </p> <p class="hugin">The forfeiture of shareholder rights would concern shares that are in the joint book-entry account of UPM-Kymmene Corporation and with regard to which the registration of shareholder rights to the shareholder's book-entry account has not been requested and necessary documents needed for such registration submitted to the shareholder's account manager prior to the commencement of the Annual General Meeting i.e. by 14.00 hrs (EET) on Wednesday, 29 March 2017. </p> <p class="hugin">The shares which regard to which the registration of shareholder rights to the shareholder's book-entry account has been requested as presented above prior to the commencement of the Annual General Meeting, and which have been entered in the shareholder's book-entry account by 30 June 2017, will, however, not be subject to the forfeiture of rights referred to above. Additional information on the Company's share history and instructions for the registration of shareholder rights are available on the corporate website at <a class="hugin" href="/sharehistory" target="_blank">www.upm.com/sharehistory</a>. </p> <ol class="hugin" type="1" start="17"> <li class="hugin"> <div class="hugin"><b class="hugin">Authorising the Board of Directors to decide on charitable contributions</b></div> </li> </ol> <p class="hugin">The Board of Directors proposes that the Board be authorised to decide on contributions not exceeding a total of EUR 500,000 for charitable or corresponding purposes and that the Board be authorised to determine the recipients, purposes and other terms and conditions of the contributions. Contributions shall be primarily granted under the Company's Biofore Share and Care programme whose focus areas are reading and learning, engaging with communities, responsible water use and bioinnovations. The authorisation is proposed to be valid until the next Annual General Meeting.</p> <ol class="hugin" type="1" start="18"> <li class="hugin"> <div class="hugin"><b class="hugin">Closing of the meeting</b></div> </li> </ol> <p class="hugin"><b class="hugin"><i class="hugin">B. Documents of the Annual General Meeting</i></b></p> <p class="hugin">The proposals for the resolutions on the matters on the agenda of the Annual General Meeting as well as this notice are available on UPM-Kymmene Corporation's website at www.upm.com. The Annual Report of UPM-Kymmene Corporation, including the Company's Financial Statements, the Report of the Board of Directors and the Auditor's Report, is available on the above-mentioned website as of 28 February 2017. The proposals for the resolutions and the Financial Statements are also available at the venue of the Annual General Meeting. The minutes of the Annual General Meeting will be available on the above-mentioned website as of 12 April 2017 at the latest.</p> <p class="hugin"><b class="hugin"><i class="hugin">C. Instructions for the participants of the Annual General Meeting</i></b></p> <ol class="hugin" type="1"> <li class="hugin"> <div class="hugin"><b class="hugin">The right to participate and registration</b></div> </li> </ol> <p class="hugin">Each shareholder, who is registered on 17 March 2017 in the shareholders' register of the Company held by Euroclear Finland Ltd, has the right to participate in the Annual General Meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders' register of the Company.</p> <p class="hugin">A shareholder, who is registered in the shareholders' register of the Company and who wishes to participate in the Annual General Meeting, shall preregister for the meeting no later than 23 March 2017 by 16.00 (EET) by giving a prior notice of attendance, which shall be received by the Company no later than on the above-mentioned date and time. Such notice can be given&#58;</p> <p class="hugin">a) <a href="/Investors/Governance/AGM/2017/Pages/default.aspx" target="_blank">on the corporate website</a><br class="hugin">b) by telephone 020&#160;770 6861 from Monday to Friday from 9.00 to 16.00 (EET) or<br class="hugin">c) by ordinary mail to UPM-Kymmene Corporation, Legal Function, PO Box 380 (Alvar Aallon katu 1), FI-00101 Helsinki.</p> <p class="hugin">In connection with the prior notice of attendance, a shareholder shall notify his/her name, personal/business identification number, address, telephone number, the name of a possible assistant and the name and personal identification number of a possible proxy representative. The personal data is used only in connection with the Annual General Meeting and processing of related registrations.</p> <p class="hugin"><b class="hugin">2. Holders of nominee registered shares</b></p> <p class="hugin">A holder of nominee registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which he/she on the record date of the Annual General Meeting, i.e. on 17 March 2017, would be entitled to be registered in the shareholders' register of the Company held by Euroclear Finland Ltd. The right to participate in the Annual General Meeting requires, in addition, that the shareholder on the basis of such shares has been temporarily preregistered in the shareholders' register held by Euroclear Finland Ltd by 10.00 (EET) on 24 March 2017 at the latest. As regards nominee registered shares, this constitutes a due registration for the Annual General Meeting. </p> <p class="hugin">A holder of nominee registered shares is advised to request without delay necessary instructions regarding the temporary registration in the shareholders' register of the Company, the issuing of proxy documents and preregistration for the Annual General Meeting from his/her custodian bank. The account manager of the custodian bank has to register a holder of nominee registered shares, who wishes to participate in the Annual General Meeting, temporarily in the shareholders' register of the Company by the time stated above at the latest.</p> <p class="hugin"><b class="hugin">3. Proxy representative and powers of attorney</b></p> <p class="hugin">A shareholder may participate in the Annual General Meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the Annual General Meeting. </p> <p class="hugin">Holders of ADRs may authorise the ADR depositary bank, Citibank N.A., to act as a proxy representative and exercise their rights according to the shares represented by their respective ADRs.</p> <p class="hugin">When a shareholder participates in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares at different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the Annual General Meeting. </p> <p class="hugin">Possible proxy documents should be submitted in originals to UPM-Kymmene Corporation, Legal Function, PO Box 380 (Alvar Aallon katu 1), FI-00101 Helsinki, Finland, prior to the end of the preregistration period.</p> <p class="hugin"><b class="hugin">4. Other information</b></p> <p class="hugin">Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act, a shareholder who is present at the Annual General Meeting has the right to request information with respect to the matters to be considered at the meeting.</p> <p class="hugin">On the date of the notice of the Annual General Meeting, 31 January 2017, the Company has&#160; 533,735,699 shares representing the same number of votes.</p> <p class="hugin">Helsinki, 31 January 2017</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Board of Directors</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284&#160; &#160; <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin">Follow UPM on <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx
UPM aims higher with renewed long-term financial targets2017-01-31T08:10:00Z<p class="hugin">UPM-Kymmene Corporation&#160;&#160;&#160; &#160;&#160;&#160;Other information disclosed according to the rules of the Exchange&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;31 January 2017 at 10&#58;10 EET</p> <p class="hugin"><b class="hugin">UPM aims higher with renewed long-term financial targets</b></p> <p class="hugin">UPM renews its long-term financial targets. In the new targets,</p> <ul class="hugin"> <li class="hugin"> <div class="hugin">the business area return targets and the comparable ROE target have been increased. </div> </li> <li class="hugin"> <div class="hugin">comparable EBIT growth has been introduced as a new group-level target </div> </li> <li class="hugin"> <div class="hugin">a new financial policy on leverage based on net debt/EBITDA has been introduced </div> </li> <li class="hugin"> <div class="hugin">the cash flow-based dividend policy remains unchanged. </div> </li> </ul> <p class="hugin">&quot;Since adopting the current business model of six separate businesses in 2013, we have achieved a clear improvement in our financial performance. The set-up has simultaneously opened attractive growth opportunities for us, as well as enabled us to improve competitiveness in all of the businesses. Now, we are confident we can continue to aim higher,&quot; says <b class="hugin">Jussi Pesonen</b>, President and CEO of UPM.</p> <p class="hugin"><b class="hugin">Business area long-term return targets </b><b class="hugin">increased</b></p> <p class="hugin">On the business-area level, UPM has increased the long-term return targets for five of the six business areas. </p> <p class="hugin">&quot;The new return targets reflect our increased ambition for business performance. They are credible and sustainable in the long term, over business and investment cycles,&quot; says UPM's CFO <b class="hugin">Tapio Korpeinen</b>.</p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_0" style="border-collapse&#58;collapse;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style&#58;solid;border-width&#58;1px;" valign="top"> <b class="hugin">Business area</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Measure</b><br class="hugin"> <b class="hugin">&#160;</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Previous target (%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">New target (%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2016 </b><br class="hugin"><b class="hugin">(%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2015 </b><br class="hugin"><b class="hugin">(%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual</b><br class="hugin"><b class="hugin">2014 </b><br class="hugin"><b class="hugin">(%)</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Biorefining </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> ROCE % </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10-12 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 14 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 12.6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 14.6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 7.6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Energy </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> ROCE %** </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 5.0 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 6.7 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 6.9 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Raflatac </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> ROCE % </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 18 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 20 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 25.5 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 17.6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 15.0 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Specialty Papers </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> ROCE % </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10-12 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 14 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 12.1 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 5.5 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 12.6 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Paper ENA </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> FCF/CE %* </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10-12 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 14 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 31.0 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 4.7 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 12.9 </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> UPM Plywood </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> ROCE % </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10-12 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 18 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 22.6 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 20.9 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 16.5 </td> </tr> </tbody> </table> <p class="hugin">ROCE % = Return of capital employed excluding items affecting comparability.<br class="hugin">* Free cash flow after investing activities (investments and/or divestments) and restructuring costs.<br class="hugin">**UPM Energy assets valued at fair value. </p> <p class="hugin"><b class="hugin">Growth target introduced for group comparable EBIT</b></p> <p class="hugin">A new target has been introduced on the group level&#58; UPM aims to grow its comparable EBIT over the long term.</p> <p class="hugin">UPM has a portfolio of five businesses that operate on growing markets and one business that faces declining demand. All of our businesses are competitive and have strong market positions. </p> <p class="hugin">&quot;We aim to grow the businesses with strong long-term fundamentals for growth and profitability. At the same time, we aim to maintain strong performance also in the European and North American paper business.</p> <p class="hugin">However, we prioritise earnings growth over top-line growth. We will invest in projects with attractive and sustainable returns, supported by a clear competitive advantage or barriers to entry. We also aim to capture opportunities to develop our business and product mix and further improve our cost competitiveness,&quot; says Korpeinen. </p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_1" style="border-collapse&#58;collapse;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style&#58;solid;border-width&#58;1px;" valign="top"> <b class="hugin">Measure</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">New target</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2016 (EURm)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2015</b><br class="hugin"><b class="hugin">(EURm)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2014 (EURm)</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> Comparable EBIT </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> Growth </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 1,143 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 916 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 866 </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">Aiming for attractive </b><b class="hugin">shareholder </b><b class="hugin">returns</b></p> <p class="hugin">UPM has increased its ROE target, now aiming for a 10% return on equity. The previous target was variable&#58; 5 percentage points over a ten-year risk-free investment.</p> <p class="hugin">&quot;ROE is a good measure for UPM on the group level, as it also takes into account the financing, taxation and capital structure of the group,&quot; says Korpeinen. </p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_2" style="border-collapse&#58;collapse;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style&#58;solid;border-width&#58;1px;" valign="top"> <b class="hugin">Measure</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Previous target</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">New target </b><br class="hugin"><b class="hugin">(%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2016 </b><br class="hugin"><b class="hugin">(%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2015 </b><br class="hugin"><b class="hugin">(%)</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2014 </b><br class="hugin"><b class="hugin">(%)</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> Comparable ROE % </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 5pp over a 10-year risk-free rate </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10.0 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 10.9 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 9.5 </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 8.5 </td> </tr> </tbody> </table> <p class="hugin">UPM maintains its cash flow-based dividend policy. UPM aims to pay an attractive dividend&#58; 30-40% of the company's annual operating cash flow per share. </p> <p class="hugin"><b class="hugin">Maintaining a strong balance sheet </b></p> <p class="hugin">UPM aims to maintain a strong balance sheet. Investment grade rating is an important element in UPM's financing strategy. UPM has introduced a new financial policy on leverage&#58;</p> <p class="hugin">UPM targets a net debt/EBITDA ratio of approximately 2 times or less. </p> <p class="hugin">The previous maximum gearing limit of 90% has been discontinued as redundant.</p> <table cellpadding="0" cellspacing="0" class="hugin" id="hugin_table_3" style="border-collapse&#58;collapse;"> <tbody class="hugin"> <tr class="hugin"> <td class="hugin" style="border-style&#58;solid;border-width&#58;1px;" valign="top"> <b class="hugin">Measure</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Previous limit</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">New policy</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2016</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2015</b> </td> <td class="hugin" style="border-style&#58;solid solid solid none;border-width&#58;1px;" valign="top"> <b class="hugin">Actual 2014</b> </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> Net debt/EBITDA </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> N/A </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> approx. 2x or less </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 0.73x </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 1.56x </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 1.84x </td> </tr> <tr class="hugin"> <td class="hugin" style="border-style&#58;none solid solid solid;border-width&#58;1px;" valign="top"> Gearing </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> &lt;90% </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> N/A </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 14% </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 26% </td> <td class="hugin" style="border-style&#58;none solid solid none;border-width&#58;1px;" valign="top"> 32% </td> </tr> </tbody> </table> <p class="hugin"><b class="hugin">For further information, please contact&#58;</b><br class="hugin">Tapio Korpeinen, CFO, tel. +358&#160;2041 50004</p> <p class="hugin">UPM-Kymmene Corporation<br class="hugin">Pirkko Harrela<br class="hugin">Executive Vice President, Stakeholder Relations</p> <p class="hugin"><b class="hugin">UPM, Media Relations </b><br class="hugin">Mon-Fri 9&#58;00-16&#58;00 EET<br class="hugin">tel. +358 40 588 3284&#160; &#160; <br class="hugin"><a class="hugin" href="mailto&#58;media@upm.com" target="_blank">media@upm.com</a></p> <p class="hugin"><b class="hugin">UPM</b><br class="hugin">Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas&#58; UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - <a class="hugin" href="/Pages/default.aspx" target="_blank">www.upm.com</a></p> <p class="hugin"><u class="hugin">Follow UPM on</u> <a class="hugin" href="https&#58;//twitter.com/UPM_News" target="_blank">Twitter</a> | <a class="hugin" href="https&#58;//www.linkedin.com/company/upm-kymmene" target="_blank">LinkedIn</a> | <a class="hugin" href="https&#58;//www.facebook.com/UPMGlobal" target="_blank">Facebook</a> | <a class="hugin" href="https&#58;//www.youtube.com/user/upmdotcom" target="_blank">YouTube</a> | <a class="hugin" href="https&#58;//www.instagram.com/upmbiofore/" target="_blank">Instagram</a> | <a class="hugin" href="https&#58;//www.upmbiofore.com/" target="_blank">upmbiofore.com</a></p> GP0|#0974d7df-c945-40e3-9f11-5bc03bf87466;L0|#00974d7df-c945-40e3-9f11-5bc03bf87466|Stock exchange release;GTSet|#755a91e0-667c-4344-8c43-ca8420eb841faspx

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