Rauma purchases its own shares

Archive 21.5.1997 0:00 EEST

Rauma Corporation has decided today to accept UPM-Kymmene's offer to redeem 1,000,000 of its own shares from UPM-Kymmene at FIM 113.50 per share, the price fixed for the share offering, less the selling commission.
The redeemed shares will be cancelled, after which the number of Rauma Corporation shares will be reduced from 54 million shares to 53 million shares.