UPM-Kymmene Corporation's Annual General Meeting (AGM) on March 27, 2025, approved a dividend of EUR 1.50 per share for 2024, to be paid in two installments.
Shareholders will receive the first installment of EUR 0.75 on April 8, 2025, and the second on November 7, 2025. The AGM also ratified the 2024 financial statements and discharged the Board and CEO from liability.
The nine-member Board of Directors saw the re-election of Henrik Ehrnrooth, Pia Aaltonen-Forsell, Jari Gustafsson, Piia-Noora Kauppi, Melanie Maas-Brunner, Topi Manner, Marjan Oudeman, Martin à Porta, and Kim Wahl.
Board remuneration was adjusted, with the Chair's annual fee increasing to EUR 240,000 and the Deputy Chair's to EUR 150,000. Committee fees also saw increases.
Ernst & Young Oy was re-elected as the auditor for 2026 and as the sustainability reporting assurer for 2025 and 2026.
The AGM authorized the Board to issue new shares and special rights, transfer treasury shares, and repurchase company shares. The Board can issue up to 25 million new shares and transfer treasury shares, valid for 18 months. They can also repurchase up to 50 million shares for various purposes.
Article 10 of the Articles of Association was amended to allow fully remote general meetings. Articles 8 and 11 were updated regarding sustainability reporting assurance.
The Board was authorized to make charitable donations up to EUR 1 million, primarily through the company's Share and Care program.
UPM, a material solutions company, focuses on renewable fibers, advanced materials, and decarbonization. With 15,800 employees and €10.3 billion in annual sales, UPM is listed on Nasdaq Helsinki Ltd. The minutes of the AGM will be available on UPM’s website by April 10, 2025.
