Rauma Oy Finnish retail offering closed

Archive 21.5.1997 0:00 EEST

Rauma Oy Finnish retail offering was closed today at 12.30 p.m. due to oversubscription. The retail offering started May 15, 1997.
Due to good demand UPM-Kymmene decided to increase the size of the retail offering to 990 000 shares from original 300 000 shares. The share price is FIM 113.50 per share.
For the subscriptions made before May 21, 1997, the share prices will be deposited from the purchasers' accounts on May 23, 1997.