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UPM-Kymmene Corporation: Managers’ Transactions (FitzGerald)

Managers Transactions 27.4.2020 14:00 EEST

UPM-Kymmene Corporation       Stock Exchange Release (Managers’ Transactions) 27 April 2020 at 14:00 EET

UPM-Kymmene Corporation: Managers’ Transactions (FitzGerald)

On 31 March 2020, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that approximately 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, a total of 1,808 shares have been purchased to Emma FitzGerald as follows:

Person subject to the notification requirement
Name: FitzGerald, Emma
Position: Member of the Board
Issuer: UPM-Kymmene Corporation
LEI: 213800EC6PW5VU4J9U64

Notification type: INITIAL NOTIFICATION
____________________________________________

Transaction date: 2020-04-24
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009005987
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 844 Unit price: 0.00 EUR
(2): Volume: 964 Unit price: 0.00 EUR

Aggregated transactions
(2): Volume: 1,808 Volume weighted average price: 0.00 EUR

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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