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Yahoo
05-05-2025
- Business
- Yahoo
UPM cancels shares repurchased under its buy-back program
UPM-Kymmene Corporation Stock Exchange Release (Total number of voting rights and capital) May 5, 2025 at 09:00 EEST HELSINKI, May 5, 2025 /PRNewswire/ -- UPM-Kymmene Corporation has, in line with the decision of the Board of Directors, cancelled 6,000,000 shares held by the company. The cancellation has been registered today with the Finnish Trade Register. The cancelled shares were repurchased during the period between February 10 and April 8, 2025, under the share buy-back program announced on February 5, 2025. The cancellation of the shares reduces the total amount of shares in UPM but does not affect UPM's share capital. After the cancellation UPM holds a total of 411,653 own shares. The total number of shares in the company after the cancellation is 527,735,699 shares. UPM, Media relationsMon-Fri 9:00-16:00 EESTtel. +358 40 588 3284media@ UPMUPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,800 people worldwide, with annual sales of approximately €10.3 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM - we renew the everydayRead more: Follow us on LinkedIn | Facebook | YouTube | Instagram | X | #UPM #materialsolutions #WeRenewTheEveryday This information was brought to you by Cision View original content:
Yahoo
08-04-2025
- Business
- Yahoo
UPM's buy-back program commenced in February has been completed
UPM-Kymmene Corporation Stock Exchange Release (Other information disclosed according to the rules of the Exchange) April 8, 2025 at 19:15 EEST UPM's buy-back program commenced in February has been completed HELSINKI, April 8, 2025 /PRNewswire/ -- UPM-Kymmene Corporation has completed a share repurchase program ("buy-back program"), the commencement of which was announced via a stock exchange release on February 5, 2025. During the program UPM repurchased a total of 6,000,000 own shares between February 10 - April 8, 2025, corresponding to approximately 1.1% of the total number of shares in the company. The shares were purchased at an average price of EUR 26.60. The purchases made under the buy-back program reduced UPM's equity by approximately EUR 160 million. As a result of the buy-back program, UPM holds a total of 6,411,653 own shares. Shares repurchased under the buy-back program will be cancelled, resulting in UPM holding a total of 411,653 own shares after cancellation. The shares were repurchased otherwise than in proportion to the shareholdings of the shareholders at the market price prevailing at the time of acquisition in public trading on Nasdaq Helsinki Ltd using the company's unrestricted equity. UPM, Media relationsMon-Fri 9:00-16:00 EESTtel. +358 40 588 3284media@ UPMUPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,800 people worldwide, with annual sales of approximately €10.3 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM - we renew the everyday Read more: Follow us on LinkedIn | Facebook | YouTube | Instagram | X | #UPM #materialsolutions #WeRenewTheEveryday This information was brought to you by Cision View original content:
