UPM-Kymmene was established in autumn 1995 when Repola Ltd and Kymmene Corporation decided to merge. Under International Financial Reporting Standards (IFRS), the transaction is treated as Repola Ltd's acquisition of Kymmene Corporation. Formal incorporation of UPM-Kymmene Oyj was April 30, 1996.
Please find information on UPM's and predecessor companies' share history in the attached document.
UPM's Annual General Meeting of 2003 decided to increase the company's share capital through a EUR 445,042,090.50 bonus issue to EUR 890,084,181.00. One new share was issued for each existing share held. A total of 261,789,465 new shares were issued. Shareholders entered in the company's list of shareholders at March 24, 2003 had the right to receive new shares under the bonus issue. The bonus issue did not affect the structure of the share ownership.