Fintech PR
Decisions of UPM-Kymmene Corporation’s Annual General Meeting
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
Follow us on LinkedIn | Facebook | YouTube | Instagram | X | #UPM #materialsolutions #WeRenewTheEveryday
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Fintech PR
The 2025 Industrial Technology Innovation and Investment Promotion Conference held in Nanjing
NANJING, China, April 3, 2025 /PRNewswire/ — On March 26, 2025, the 2025 Industrial Technology Innovation and Investment Promotion Conference was held in Nanjing, Jiangsu Province.
The event extended a warm invitation to global entrepreneurs, investors, and innovators, urging domestic and international stakeholders to “Choose Nanjing, Grow with Nanjing” under the theme “Innovate for Excellence, Invest in the Future.”
Approximately 800 attendees participated, including representatives from globally renowned enterprises, universities, innovation platforms, foreign embassies, and international organizations.
The conference comprehensively showcased Nanjing’s industrial investment environment, case studies of technological and industrial innovation, and achievements in technology and innovation financial reform.
A series of new initiatives to advance technological innovation and investment were announced. During the event, 102 major projects were signed, with a total planned investment exceeding 130 billion yuan (RMB; approximately $18 billion USD).
Several innovation platforms were inaugurated, including Jiangsu Provincial Concept Validation Center, Nanjing Academy for Scientific and Technological Achievements Transformation, and Nanjing (Jiangbei New Area) Disruptive Technology Innovation Center.
These initiatives underscored Nanjing’s commitment to fostering cutting-edge and transformative technologies.
Additionally, four industrial task forces—dedicated to AI (software), robotics, biopharmaceuticals, and next-gen ICT—were established, alongside the Nanjing Industrial Investment Promotion Center, highlighting the city’s resolve to concentrate resources on developing new-quality productive forces (innovative, high-end, and sustainable productivity).
Industry leaders and academic experts actively proposed strategies and shared insights to empower Nanjing’s innovation-driven growth.
Keynote speakers included Dr. Xiangyang Shen, Chairman of the Council of the Hong Kong University of Science and Technology; Hermann Simon, renowned as the “Father of Hidden Champions”; Dr. Nicolas Peter, Senior Vice President of BMW Group; Wu Wensheng, Chairman of Great Wall Strategy Consultants; Liu Suhua, President of Shenzhen Capital Group; and Liu Shuang, Chairman of Nanjing TetraBOT Electronic Technology.
Outside the venue, 52 high-tech exhibits from Nanjing’s eight pillar industries were prominently displayed, featuring “world-first innovations” “domestic substitution achievements,” and products leading in global market share.
The signed projects primarily focus on leading industries and high-quality initiatives with strong demonstration effects.
Moving forward, Nanjing will leverage the global resource connection platform established through this conference to continuously deepen collaboration with cutting-edge technologies and industries, accelerate the construction of an open innovation ecosystem, transform more scientific achievements into new-quality productive forces, and build itself into a globally influential primary hub and carrier zone for industrial technology innovation.
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DUBLIN, April 3, 2025 /PRNewswire/ — Consello, the leading global advisory and investing platform, is proud today to announce Irish track legend Eamonn Coghlan has joined its team of Senior Advisors.
Coghlan will work with Consello’s Leadership Development, Talent and Business Transformation team, which supports leading organisations in Ireland and internationally with designing and implementing comprehensive strategies that attract, build, and sustain high performing teams.
He is widely recognized as one of Ireland’s greatest sporting heroes and one of the world’s most dominant middle-distance runners of his era. Known as the ‘Chairman of the Boards’ for his unrivalled success on the American indoor circuit, he won an astounding 56 consecutive races and claimed a record seven Wanamaker Mile titles at Madison Square Garden. His three indoor mile world records stood as a testament to his enduring excellence, with one of them remaining unbeaten for 18 years. In 1983, he became the first man to run the mile in under 3 minutes and 50 seconds, setting a record time of 3:49.78.
That same year, Coghlan solidified his place in Irish sporting history by becoming Ireland’s first World Athletics Champion, winning the gold medal in the 5,000m at the World Championships in Helsinki. His legendary career was crowned by one of the most remarkable feats in track and field history in 1994 when, at the age of 41, he became the first and only athlete over 40 to run a sub-four-minute mile, clocking 3:58.17 in Boston.
Beyond athletics, Coghlan has demonstrated a deep commitment to public service and youth development. A former Fine Gael Senator, his passion for youth fitness manifested through the ‘Points for Life’ initiative, emphasizing the importance of physical education in schools.
Commenting on his appointment, Consello founder, CEO and Chairman Delcan Kelly said that Eamonn Coghlan will bring unparalleled experience in high performance, leadership and mindset to this Consello offering. “I grew up watching and being inspired by Eamonn Coghlan’s success on the track. I’ve had the good fortune to get to know him later in life and he’s been as inspirational in person as he was watching from a distance. His ability to inspire peak performance and drive success aligns perfectly with our mission to help the best in the world be even better. I’ve also seen what he does at a voluntary level and he’s just an exceptional human being who has a motivational impact on all around him. He will add another layer of experience and insight to a team already laden with world-class talent,” he said.
Commenting on his role with Consello, Eamonn Coghlan said, “I know Declan for many years and count him not alone a close friend but have also had the opportunity to work with him previously. What he has built with Consello, however, is at another level in terms of the people he has brought on board and what it is doing for the organisations it works with. Throughout my career, I have always strived for excellence, and I see the same dedication to success at Consello. I look forward to bringing my experience in high performance, mindset, and strategy to the team.”
Coghlan joins a team that includes advisors Gary Neville, former Manchester United and England captain; Ronan O’Gara, Ireland and Munster rugby legend and La Rochelle coach; and Paul McGinley, former Irish champion golfer and Ryder Cup captain. The Ireland-based Leadership Development, Talent and Business Transformation team is led by former Tipperary senior hurling manager Liam Sheedy and Jane Mitchell.
Consello’s business in Ireland offers a full suite of advisory services that complement its advisory business around the world, including:
- C-Suite Advisory
- Management Consulting and Business Development
- Communications and Public Affairs
- Leadership Development, Talent and Business Transformation
- Consello Strive – Sports and Entertainment Advisory
- Consello Experience – Creative Services
Consello was founded by Declan Kelly almost three years ago and has offices in New York, Miami, Atlanta, London, Barcelona and Dublin. US Partners of the firm include seven-time Super Bowl champion Tom Brady; 23-time Grand Slam winner Serena Williams and six-time NBA All-Star Pau Gasol; and business leaders such as Wendy Clark, former Global CEO of Dentsu; Mindy Grossman, former CEO of WW International and Janey Whiteside, former Chief Customer Officer of Walmart.
About Consello
Consello is an Advisory and Investing Platform.
Consello’s six distinct advisory practices provide the complete strategic counsel today’s leaders need to grow and transform their organizations. Consello’s advisory expertise spans Corporate Advisory; M&A; Growth; Marketing; Technology; and Sports, Entertainment and Leadership Development. Dedicated teams operate in each practice, led by a leadership group with deep operational experience across industries, business growth stages and market cycles and with an expansive set of global corporate relationships.
Consello’s investment business, Consello Capital, identifies high-potential mid-market companies and invests capital and expertise to transform their growth.
Consello Media Inquiries
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HONG KONG, April 3, 2025 /PRNewswire/ — CoinEx, a global cryptocurrency exchange, is set to participate in Paris Blockchain Week (PBW) 2025, taking place from April 8 to April 10 in Paris, France. As one of the largest and most influential blockchain events in Europe, PBW attracts Web3 professionals, media, and crypto enthusiasts from across the region. This marks CoinEx’s third consecutive appearance at the event, and this year, the exchange will be joining as a sponsor, further amplifying its brand presence and expanding its local network.
At PBW 2025, CoinEx will host engaging activities, including an interactive quiz and lucky draws, offering attendees the chance to win exclusive CoinEx merchandise. These activities aim to foster community engagement while showcasing the exchange’s commitment to user-centric innovation and accessibility.
As a trading expert, since CoinEx inception in 2017, CoinEx has been dedicated to making crypto trading more accessible to users across the globe. Supporting 18+ languages and serving users in 200+ countries and regions, fostering a thriving community of crypto enthusiasts. With a team of experts from top financial and tech enterprises, CoinEx continuously pushes the boundaries of blockchain innovation to shape the future of Web3. Focusing the efforts on iterating and innovating across multiple product lines and bringing the best product experience to our users. Last year was a year of innovation:
- Product Innovations: Launched Swap, CoinEx Staking, CoinEx Mining, PreToken Trading and Copy Trading meet the diverse trading needs.
- Enhancement: Upgrades security systems, VIP-tier framework, and CET utility systems to create a superior trading environment.
- Education and Empowerment: Introduced CoinEx Insight and CoinEx Academy, offering investment insights.
CoinEx’s participation in PBW 2025 underscores its dedication to the European and French Web3 ecosystem. By deepening connections with local users and industry players, CoinEx remains committed to delivering professional and innovative crypto trading solutions to the region.
About CoinEx
CoinEx is a global cryptocurrency exchange designed with users in mind. Since its launch by the industry-leading mining pool ViaBTC, the platform has been one of the earliest crypto exchanges to release proof-of-reserves to protect 100% of user assets. CoinEx is also home to its native token, CET, which incentivizes user activities while empowering its ecosystem.
Please visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
View original content:https://www.prnewswire.co.uk/news-releases/coinex-joins-paris-blockchain-week-2025-strengthening-its-presence-in-europe-302419628.html
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