Notice of the Annual General Meeting of UPM-Kymmene Corporation
UPM-Kymmene Corporation announces its upcoming Annual General Meeting. Shareholders are invited to participate and stay informed about the developments and key decisions that will shape the future of the company.
Meeting Details
The Annual General Meeting (AGM) will take place on 27 March at 14:00 EET. This important event will be held at the Finlandia Hall located at Mannerheimintie 13 e. The registration of attendees will begin at 12:30, allowing time for coffee service and the distribution of voting tickets.
Attendance Options
Shareholders cannot vote in advance of the meeting or participate through alternative means. However, they can follow the meeting via a webcast starting at the same time as the physical meeting. Separate instructions for accessing the webcast will be provided.
Agenda Items for Discussion
Several key matters will be discussed at the AGM, including the opening of the meeting, verification of attendees, and the presentation of the Financial Statements for the previous year.
Financial Review
The CEO will provide insights into the Financial Statements and annual reports, outlining the company’s performance and the auditors' feedback. Following the presentation, shareholders will also consider adopting the Financial Statements.
Dividend Proposal
The Board of Directors proposes a dividend of EUR 1.50 per share based on the fiscal year results. The dividend will be distributed in two installments of EUR 0.75 each. The first payment is targeted for 8 April for the registered shareholders as of 31 March. The second installment will be paid in November.
Voting and Governance
The AGM will also cover resolutions regarding the discharge of the Board members from liability, adoption of the Remuneration Report, and the compensation for Board members. Proposals are set to adjust base fees for the Chair and Deputy Chair, creating a balanced approach that reflects their responsibilities.
Board Composition
According to the Nomination Committee, the current Board's structure is suitable, with a proposal to maintain nine members. Reelection of incumbent directors will be recommended, ensuring continued governance integrity and independence.
Auditor Appointments
The AGM will also address the appointment of the auditor for the next financial year, with proposals in place to retain the current auditor, Ernst & Young Oy. This continuity is essential for ensuring financial integrity and trust.
Shareholder Participation and Proxy Voting
Registered shareholders as of the record date will be eligible to participate. All details regarding registration and proxy voting will be communicated through the company’s website and direct communication to shareholders.
Registration Process
Shareholders must preregister by 20 March at 16:00 EET to ensure their attendance. Registration can be conducted online or through written communication with the company.
Updates on Corporate Responsibility
UPM continues to comply with sustainability and corporate responsibility obligations. The company highlights its commitment to environmental standards and emphasizes the importance of responsible business practices in every segment of its operations.
Future Directions and Adjustments
Changes to the Articles of Association regarding the possibility of remote meetings could be discussed, reflecting the evolving landscape of shareholder engagement and participation. This shift aims to enhance access and flexibility for shareholders.
Closing Remarks
As the meeting approaches, UPM-Kymmene Corporation urges all shareholders to participate actively either in person or through the digital platform. Engagement in these discussions is vital for shaping the direction of the company and ensuring it aligns with shareholder interests.
Frequently Asked Questions
What is the date of the Annual General Meeting?
The Annual General Meeting is scheduled for 27 March.
Where will the AGM take place?
The meeting will be held at Finlandia Hall, Mannerheimintie 13 e.
How can I participate in the AGM?
Shareholders can participate in person or follow the meeting via webcast.
What is the proposed dividend for shareholders?
The Board proposes a total dividend of EUR 1.50 per share, distributed in two installments.
Who will be re-elected to the Board?
The Nomination Committee recommends the re-election of the current Board members.
