UPM Shareholders Approve WISA Demerger and Board

Corporate Action
โดย PR Newswire·FI·Read original
Summary · why it matters

UPM-Kymmene Corporation's Extraordinary General Meeting on August 31, 2026, approved the partial demerger of the company and the establishment of a new independent company, WISA Group Plc, with Tapio Korpeinen elected as Chair of WISA's Board of Directors. The meeting also authorized WISA's Board to issue up to 25 million shares and acquire up to 50 million of its own shares, and set board remuneration with base fees ranging from EUR 25,000 to EUR 50,000, plus one-time fees for preparatory work. Ernst & Young Oy was elected as WISA's auditor, with Kristina Sandin as lead audit partner. The demerger and listing prospectus was published on July 16, 2026, and the minutes of the meeting will be available on UPM's website by September 14, 2026.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks
UPM-Kymmene Oyj
0NV5
± MixedCapitalrelevance

UPM shareholders approved the partial demerger creating WISA Group, a structural corporate event for UPM.

Real Estate▲ · 1 stocks

Off-coverage companies 2

WISA Group PlcPrivate▲ Positive
Capitalrelevance

WISA Group established as an independent listed company with approved board, share issuance authorization, and buyback mandate.

Ernst & Young Global LimitedPrivate± Mixed
relevance

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