Fintech PR

Decisions of UPM-Kymmene Corporation’s Annual General Meeting

Published

4 days ago

March 27, 2025

HELSINKI, March 27, 2025 /PRNewswire/ — UPM-Kymmene Corporation Stock Exchange Release (Decisions of the Annual General Meeting) 27 March 2025 at 16:15 EET

Decisions of UPM-Kymmene Corporation’s Annual General Meeting

UPM-Kymmene Corporation’s Annual General Meeting was held today, 27 March 2025, in Helsinki.

The Annual General Meeting adopted the financial statements for 2024 and resolved on a dividend of EUR 1.50 per share for the financial period 2024. The dividend will be paid in two instalments. The Annual General Meeting adopted the Remuneration Report for Governing Bodies, resolved on the election of the auditor and the sustainability reporting assurer, authorised the Board of Directors to resolve on the issuance of new shares and special rights entitling to shares, the repurchase of the company’s own shares and charitable contributions, and resolved on the partial amendment of the Articles of Association.

Financial statements and dividend

The Annual General Meeting adopted the company’s financial statements and discharged the members of the Board of Directors and the President and CEO from liability for the financial period 1 January–31 December 2024. A dividend of EUR 1.50 per share is paid, as proposed by the Board of Directors. The dividend will be paid in two instalments. The first dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders’ register of the company held by Euroclear Finland Ltd on the record date of the first dividend instalment, 31 March 2025. The payment date for the first dividend instalment is 8 April 2025. The second dividend instalment of EUR 0.75 per share will be paid to shareholders who are registered in the shareholders’ register of the company held by Euroclear Finland Ltd on the record date of the second dividend instalment, 31 October 2025. The payment date for the second dividend instalment is 7 November 2025.

Composition of the Board of Directors

The number of members of the Board of Directors was confirmed to be nine, and Henrik Ehrnrooth, Pia Aaltonen-Forsell, Jari Gustafsson, Piia-Noora Kauppi, Melanie Maas-Brunner, Topi Manner, Marjan Oudeman, Martin à Porta and Kim Wahl were re-elected to the Board of Directors. The directors’ term of office will end upon the closure of the next Annual General Meeting.

Remuneration Report

The Annual General Meeting adopted the Remuneration Report for Governing Bodies for the financial period 2024. The decision made by the Annual General Meeting is advisory.

Remuneration of the Board of Directors

It was resolved to increase the remuneration of the Chair and Deputy Chair of the Board of Directors so that the Chair of the Board of Directors will be paid an annual base fee of EUR 240,000 (previously EUR 231,000) and the Deputy Chair of the Board of Directors will be paid an annual base fee of EUR 150,000 (previously EUR 145,000). The remuneration of the other members of the Board of Directors will remain unchanged and they will be paid an annual base fee of EUR 120,000.

The Annual General Meeting resolved to pay the following annual remuneration to the members of the Board of Directors’ committees:

– Audit Committee: Chair EUR 50,000 (previously EUR 45,000) and members EUR 30,000 (previously EUR 25,000)
– Remuneration Committee: Chair EUR 27,500 and members EUR 10,000
– Nomination and Governance Committee: Chair EUR 20,000 and members EUR 10,000

The annual base fees are paid in Company shares and cash so that approximately 40 per cent will be payable in the Company shares to be purchased on the Board members’ behalf, and the rest in cash. The annual committee fees are paid in cash. If the term of a member of the Board terminates before the annual general meeting of 2026, the Board has a right to resolve upon potential reclaim of the annual fees as it deems fit.

The Company will pay any costs and transfer tax related to the purchase of the Company shares. Shares thus purchased may not be transferred within two years from the purchase date or until the director’s membership of the Board has ended, whichever occurs first.

In addition, the Annual General Meeting resolved that directors are compensated for actual travel and accommodation expenses related to Board and Committee work against invoice.

Election of an auditor for the financial period 2026 and an election of a sustainability reporting assurer for the financial period 2025 and 2026

Ernst & Young Oy, a firm of authorised public accountants, was elected as the company’s auditor for the financial period 2026. According to Ernst & Young Oy, Authorised Public Accountant (KHT) Heikki Ilkka will be the lead audit partner.

Ernst & Young Oy, a firm of authorised sustainability audit, was elected as the Company’s sustainability reporting assurer for the financial periods 2025 and 2026, with Authorised Sustainability Auditor (KRT) Heikki Ilkka as the principally responsible sustainability reporting assurer.

It was resolved that the remuneration of the auditor and the sustainability reporting assurer will be paid against invoices approved by the Board’s Audit Committee.

Authorisation to resolve on the issuance of shares and special rights entitling to shares

The Board of Directors was authorised to resolve on the issuance of new shares, transfer of treasury shares and issuance of special rights entitling to shares in proportion to the shareholders’ existing holdings in the Company, or in a directed share issue, deviating from the shareholder’s pre-emptive subscription right. The Board of Directors may also resolve on a share issue without payment to the Company itself. The aggregate maximum number of new shares that may be issued and treasury shares that may be transferred is 25,000,000 including also the number of shares that can be received on the basis of the special rights. The authorisation is valid for 18 months from the date of the Annual General Meeting.

Authorisation to resolve on the repurchase of the company’s own shares

The Board of Directors was authorised to resolve on the repurchase of a maximum of 50,000,000 of the company’s own shares using the company’s unrestricted shareholders’ equity as resolved by the Board. The price paid for the shares under the authorisation shall be based on the market price formed on the securities markets or a price otherwise formed in a competitive process. The shares may be repurchased either through an offer to all shareholders on equal terms or through other means and otherwise than in proportion to the existing shareholdings of the Company’s shareholders (directed repurchases). Shares may be repurchased to be cancelled, held to be reissued, transferred further or for other purposes resolved by the Board. The authorisation also includes the right to accept the Company’s own shares as a pledge. The Company may enter into derivative, share lending or other arrangements customary in capital market practice in connection with the repurchases. The authorisation is valid for 18 months from the date of the decision of the Annual General Meeting, and it revoked the authorisation granted by the previous Annual General Meeting to repurchase the company’s own shares to the extent that the Board of Directors has not already made decisions on repurchase based on the authorisation.

Partial amendment of the Articles of Association

The Annual General Meeting resolved to amend Article 10 of the Articles of Association (Notice of the General Meeting) so that it allows the General Meeting to be held entirely without a meeting venue as a so-called remote meeting. The legislative changes are based on the premise that shareholder rights shall not be compromised, and that all participating shareholders are able to exercise their full shareholder rights, including the right to vote and to ask questions in real time during the general meeting, irrespective of the chosen general meeting format.

The Annual General Meeting also resolved to add specifications concerning the sustainability reporting assurance and related technical amendments to Articles 8 (Auditor) and 11 (Annual General Meeting) of the Articles of Association.

Authorisation to resolve on donations for charitable purposes

The Board of Directors was authorised to resolve on contributions not exceeding a total of EUR 1,000,000 for charitable or corresponding purposes and to resolve on the recipients, purposes and other terms and conditions of the contributions. Contributions would be primarily granted under the Company’s Share and Care program whose focus areas are youth, education, and climate and biodiversity.

Minutes of the Annual General Meeting

The minutes of the Annual General Meeting will be available on the company’s website www.upm.com/agm2025 no later than 10 April 2025.

UPM, Media relations
Mon-Fri 9:00–16:00 EET
tel. +358 40 588 3284
media@upm.com

UPM
UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,800 people worldwide, with annual sales of approximately €10.3 billion. Our shares are listed on Nasdaq Helsinki Ltd.

UPM – we renew the everyday
Read more: upm.com

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Fintech PR

MEXC Unveils MNT Promotion Offering Up to $1 Million in Rewards

Published

11 minutes ago

March 31, 2025

CISION (PR Newswire)

mexc-unveils-mnt-promotion-offering-up-to-$1-million-in-rewards

VICTORIA, Seychelles, March 31, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has announced a groundbreaking partnership with Mantle (MNT) to launch an exclusive month-long trading campaign with a prize pool of up to $1,000,000, offering users an opportunity to earn substantial rewards.

The event presents a range of valuable opportunities for users:

Zero trading fees on MNT Spot and Futures markets, helping users reduce costs and optimize returns.
Up to 500% APR through MNT staking, offering one of the most competitive yields currently available.
Token rewards via Launchpool, where users can stake USDT, MX, or MNT to earn additional MNT tokens and exclusive benefits.

Additionally, users can join the Deposit & Trade campaign, designed with a low entry threshold—ideal for newcomers looking to explore the ecosystem. For seasoned traders, the Futures Trading Competition provides a platform to demonstrate their trading expertise, climb the leaderboard based on trading volume, and compete for a share of the $300,000 prize pool.

Event Overview

Period: March 31, 2025, 10:00 – April 30, 2025, 10:00 (UTC)

During the event period, users can participate in the following MNT-related activities on the platform by clicking on the links below.

Event 1: MNT trading (Spot and Futures) is available with zero trading fees.

Event 2: Users who deposit and trade MNT on the Spot market may qualify to share a pool of 113,340 MNT.

Event 3: MNT staking offers returns of up to 500% APR, subject to platform terms.

Event 4: A Futures Trading event allows participants to compete for a share of 300,000 USDT in bonus rewards.

Event 5: The MNT Launchpool enables users to stake selected tokens in exchange for a portion of 240,000 MNT in rewards.

As a pioneering Layer-2 scaling solution for Ethereum, Mantle uses Optimistic Rollup technology to lower transaction costs and improve network performance. This collaboration highlights MEXC’s leadership in backing innovative blockchain projects and its unwavering commitment to offering users diverse, cutting-edge trading opportunities, lowering costs and helping them maximize their potential returns.

Looking ahead, MEXC is committed to continuously enhancing the trading experience by introducing innovative features, expanding user opportunities, and launching new initiatives aligned with the dynamic nature of the cryptocurrency market.

For further details on the event, please see the official announcement.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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Logo – https://mma.prnewswire.com/media/2645195/MEXC_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mexc-unveils-mnt-promotion-offering-up-to-1-million-in-rewards-302415363.html

Fintech PR

Zensar to transform Tesco Insurance and Money Services with Cloud-First strategy

Published

11 minutes ago

March 31, 2025

CISION (PR Newswire)

LONDON, March 31, 2025 /PRNewswire/ — Zensar Technologies, a leading experience, engineering, and engagement technology solutions company, announced that it has been selected by Tesco Insurance and Money Services (Tesco IMS), a leading UK insurance company, to drive a comprehensive modernisation and digital transformation agenda. This collaboration will enable Tesco IMS to establish a robust cloud-first ecosystem, scalable operation and create better value and experience for its customers.

Zensar will modernise Tesco IMS’s end-to-end infrastructure, network and application hosting services and contact centre. The company will also partner with Tesco IMS to facilitate, build, and achieve technology carve-out from Tesco Bank, following the sale of Tesco Bank’s banking operations to Barclays UK.

Manish Tandon, CEO and Managing Director, Zensar Technologies, said, “Tesco Insurance and Money Services have a very exciting vision for their business, and we are delighted to have won their trust and confidence in delivering this critical transformation. As Tesco IMS undertake this complex journey, our carefully crafted target operating model underpinned by solutions relevant to Tesco IMS context will deliver a responsive, market-ready and customer-centric service”.

As the new Tesco IMS business emerges as a standalone entity, Zensar will transform operations and drive efficiencies across all areas. This includes implementing specific regulatory controls required for an insurance business and simplifying and modernising processes.

Robert Jamieson, Chief Information Officer, Tesco Insurance and Money Services said, “We’re excited to be partnering with Zensar to modernise our end-end infrastructure, network and application hosting services and contact centre. This technology will help build out our new platforms and tooling across our IT infrastructure whilst refreshing Cloud and Security landscapes operated by Zensar which will lead to a highly efficient operating model.

Zensar will be operating this with a focus on reliability, security and providing a class leading service to better support our customers and colleagues with a real time view of our technology and business systems to support our ambitious growth plans.”

About RPG Enterprises (www.rpggroup.com)
RPG Enterprises is one of India’s fastest-growing business groups with a turnover of US $4.8 Billion. The group has diverse business interests in the areas of infrastructure, tyres, pharma, IT, and specialty as well as in emerging innovation-led technology businesses.

About Zensar (www.zensar.com)
At Zensar, we are ‘experience-led everything.’ We conceptualize, design, engineer, market, and manage digital solutions and experiences for 145+ leading enterprises. Using our 3Es of experience, engineering, and engagement, we harness the power of technology, creativity, and insight to deliver impact. Part of the $4.8 billion RPG Group, we are headquartered in Pune, India. Our 10,000+ employees work across 30+ locations worldwide, including Milpitas, Seattle, Princeton, Zurich, Cape Town, London, Singapore, and Mexico City.

Follow Zensar via:
Zensar Blog: http://www.zensar.com/blogs
Twitter: https://twitter.com/Zensar
LinkedIn: https://www.linkedin.com/company/zensar-technologies
Facebook: https://www.facebook.com/ZensarTech/
Website: www.zensar.com

About Tesco Insurance and Money Services
Our goal is to make insurance more rewarding because little wins make a big difference. We began life 1997 as Tesco Bank and today have more than 2 million customers across home, travel, pet and car insurance.

Our colleagues serve our customers seven days a week from our main centres in Edinburgh, Glasgow, Newcastle.

We are the second largest provider of Travel Money and have the third largest ATM network in the UK with more than 3,400 ATMs in over 3,000 Tesco and One Stop stores. Our gift card offering is the largest in the UK (with 35% market share). Launched in Tesco in 2010, more than 10m Tesco gift cards and 5m 3rd party gift cards are sold annually.

Safe Harbor
Certain statements in this release concerning our future prospects are forward-looking statements that involve a number of underlying identified/non-identified risks and uncertainties that could cause actual results to differ materially. This release and other statements—written and oral—that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. However, the same are subject to risks and uncertainties, including, but not limited to, our ability to manage growth; fluctuations in earnings/exchange rates; intense competition in IT services, including factors affecting cost advantage; wage increases; ability to attract and retain highly skilled professionals; time and cost overruns on fixed price, fixed-time frame, or other contracts; client concentration; restrictions on immigration; our ability to manage international operations; reduced demand for technology in our service offerings; disruptions in telecommunication networks; our ability to successfully complete and integrate acquisitions; liability for damages on our service contracts; government measures in India and countries where our customers operate; withdrawal of governmental fiscal incentives; economic downturn in India and/or around the world; political instability; legal restrictions on raising capital or acquiring companies; and unauthorized use of intellectual property and general economic conditions affecting the industry.

In addition to the foregoing, global pandemics like COVID-19 may pose an unforeseen, unprecedented, unascertainable, and constantly evolving risk(s), inter-alia, to us, our customers, delivery models, vendors, partners, employees, and general global operations and may also impact the success of companies in which we have made strategic investments, demand for the Company’s offerings, and the onshore-offshore-nearshore delivery model.

The results of these assumptions made relying on available internal and external information are the basis for determining the carrying values of certain assets and liabilities. Since the factors underlying these assumptions are subject to change over time, the estimates on which they are based are also subject to change accordingly. These forward-looking statements represent only the Company’s current intentions, beliefs, or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise.

View original content:https://www.prnewswire.co.uk/news-releases/zensar-to-transform-tesco-insurance-and-money-services-with-cloud-first-strategy-302414507.html

Fintech PR

BingX Brings Perpetual Trading to TradingView for Smarter, Sharper Strategies

Published

1 hour ago

March 31, 2025

CISION (PR Newswire)

bingx-brings-perpetual-trading-to-tradingview-for-smarter,-sharper-strategies

PANAMA CITY, March 31, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of perpetual trading on TradingView, equipping users with an advanced trading interface that combines BingX’s professional trading infrastructure with TradingView’s industry-leading charting and analysis tools. This feature shall be available starting March 28, 2025.

TradingView is a globally recognized financial charting platform trusted by millions for its advanced technical analysis tools and intuitive interface. BingX has been named Best Crypto Exchange by TradingView for three consecutive years, reflecting its reliability and commitment to top-tier trading services. This integration further strengthens their partnership, offering traders a seamless and professional futures trading experience.

By integrating BingX’s perpetual trading with TradingView, users gain direct access to professional-grade charting tools and in-depth market analysis. TradingView’s advanced indicators, customizable charts, and real-time data empower traders to make informed decisions with greater accuracy. This integration allows users to react swiftly to market movements and refine their strategies with confidence. Additionally, multi-tiered VIP discounts and a wide range of perpetual pairs cater to traders of all levels, from retail users to professional investors.

Vivien Lin, Chief Product Officer of BingX, stated: “This integration is not just about convenience — it is about giving traders institutional-grade tools to act on their insights instantly. Whether you are scalping Bitcoin volatility or hedging altcoin portfolios, this synergy between analysis and execution unlocks new strategic potential. BingX future updates will continue to expand cross-platform integrations, AI-driven risk management features, and educational resources to further democratize access to professional trading strategies.”

This launch is part of BingX’s ongoing efforts to enhance its futures trading ecosystem. Following its recognition as a Top 5 crypto derivatives platform, BingX continues to drive innovation with strategic upgrades and integrations. It marks the latest in a series of upgrades to BingX Futures, including zero-slippage execution, dual-price liquidation safeguards, and copy trading integrations.

About BingX

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/