UPM-Kymmene Corporation: Managers' Transactions

UPM-Kymmene Corporation Managers' Transactions 27 April 2017 at 14:00 EET

UPM-Kymmene Corporation: Managers' Transactions

On 29 March 2017, the Annual General Meeting of UPM-Kymmene Corporation resolved that the annual base fee of the company's Board of Directors is paid in the company shares and cash so that 40% is payable in the company shares to be purchased on the Board members' behalf, and the rest in cash. In accordance with this resolution, Veli-Matti Reinikkala has been purchased shares as follows:

Person subject to the notification requirement
Name: Reinikkala, Veli-Matti
Position: Member of the Board
Issuer: UPM-Kymmene Corporation
LEI: 213800EC6PW5VU4J9U64

Notification type: INITIAL NOTIFICATION
____________________________________________

Transaction date: 2017-04-26
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009005987
Nature of the transaction: RECEIPT OF A SHARE-BASED REMUNERATION

Transaction details
(1): Volume: 1,776 Unit price: 0.00000 EUR

Aggregated transactions
(1): Volume: 1,776 Volume weighted average price: 0.00000 EUR

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

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UPM
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com