UPM-Kymmene EGM approves partial demerger plan

• UPM-Kymmene shareholders met Aug. 31, 2026 in an extraordinary general meeting focused on a proposed partial demerger.
• The meeting adopted the partial demerger plan signed April 29, 2026, including forming a new company, WISA Group, subject to completion.
• Shareholders endorsed setting WISA’s board at six members, naming Tapio Korpeinen chair and Mats Nordlander deputy chair, conditional on completion.
• Approval granted for WISA’s board to issue up to 25,000,000 shares or share-linked rights, effective only once the demerger completes.
• Authorization also approved for WISA to acquire or accept as pledge up to 50,000,000 own shares, with Ernst & Young appointed auditor, both conditional.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UPM-Kymmene Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20260831:BIT:4256:0) on August 31, 2026, and is solely responsible for the information contained therein.