(UPM, Helsinki, 29 April 2016 at 11:30 EET) - UPM-Kymmene Corporation launches a consent solicitation process to solicit consents from the holders of the outstanding notes of certain series of notes issued pursuant to its Global Medium Term Note (GMTN) Programme to amend the terms and conditions of such notes. UPM announced on 10 December 2015 a plan to change its corporate structure to better match its current business structure. The amendments to the terms and conditions of the notes are one of the requirements for implementing the plan.
The details of the consent solicitation and the proposed amendments are described in more detail in the attached Luxembourg Stock Exchange Launch Announcement and the Consent Solicitation Memorandum referred to therein.
For more information please contact:
Juha Forsius, SVP, Treasury and Risk Management,Tel. +358405116241
This announcement must be read in conjunction with the Consent Solicitation Memorandum. If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, accountant or other independent financial adviser.
Neither this announcement nor the Consent Solicitation Memorandum constitutes an invitation to participate in the consent solicitation in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution or publication of this announcement or of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Consent Solicitation Memorandum comes are required by UPM-Kymmene Corporation to inform themselves about, and to observe, any such restrictions.
UPM, Media Relations
tel. +358 40 588 3284
UPM leads the way in reforming bio and forest industries. We are building a sustainable future in six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve a global base of customers. The group employs around 19,600 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