Metsäliitto Cooperative's additional C shares
Metsä Group Stock Exchange Release 15 February 2013 at 1.00 p.m. EET
As decided by Metsäliitto Cooperative's representatives and the Board of Directors, each additional C share of Metsäliitto Cooperative includes a financial benefit which is an additional interest right determined according to the price of the B share of Metsä Board Corporation (former business name: M-real Corporation) on the NASDAQ OMX Helsinki Oy (”Helsinki Stock Exchange”).
According to the subscription terms of the additional C share capital, additional interest is paid to additional C shares if Metsä Board Corporation's B share’s trading volume weighted average price exceeds 2.50 euros during the period of five consecutive trading days prior to 15 February. The sum of the additional interest paid on each additional C share is the difference between the average price and the 2.50 euro limit price (however, no more than 1.00 euro for each additional C share).
During the period, Metsä Board Corporation’s B share’s trading volume weighted average price on the Helsinki Stock Exchange was 2.34 euros, i.e. below the limit price. Therefore, no additional interest will be paid on additional C shares.
Annual interest of 4.5 per cent has been paid on additional C shares for 2010 and 2011. The Board proposes that interest of 4.5 per cent will be paid for 2012.
According to the subscription terms of additional C share capital, additional C shares will be converted to additional B shares after 1 March 2013.
For further information, please contact:
Juha Jumppanen, Director, owner relations, Metsä Group, tel. +358 50 3844 808
Reeta Kaukiainen, SVP, Communications, Metsä Group, tel. +358 50 522 0924
Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown Nordic wood. Metsä Group focuses on tissue and cooking papers, consumer packaging paperboards, pulp, wood products, and wood supply. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 5.0 billion in 2012, and it employs approximately 11,500 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 125,000 Finnish forest owners.