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.
If you are in possession of paper share certificates of UPM-Kymmene Corporation's predecessor companies, Kymmene Oy, Repola Oy or Rauma-Repola Oy or their predecessor companies, you can no longer register your shares in your book-entry account since the Annual General Meeting of UPM-Kymmene Corporation resolved on 29 March 2017 that the shares entered in the company's joint book-entry account and the rights attached to these shares are forfeited. 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.