Metsäliitto Group has made a preliminary decision to launch a capital programme with the purpose of strengthening its equity to correspond to the company's current and future business structure. The assets to be accrued will be mainly used for financing new business operations.
Through the capital programme aimed at Metsäliitto's owner members, the members can subscribe A and B additional shares. In addition, the programme includes the removal of the current upper limit for the obligatory shares. Furthermore, Metsäliitto intends to issue a new C additional share, on the basis of which the owners can, in addition to any interest, gain additional profit as cash payments, the amount of which depends on the rate development of M-real Corporation's B-share on the Helsinki Stock Exchange. Metsäliitto members who own A and B additional shares, or subscribe them during the programme are entitled to subscriptions of C additional share. The terms and conditions of C additional shares are otherwise identical to the current B additional shares, and the same annual interest will be paid on them as on the B additional shares.
"I believe that our capital programme will serve the benefits of our members and the strategic objectives of our business operations. Metsäliitto Group's business structure is very close to the objective set in 2005 and the most significant structural changes have been carried out. The strategic review of M-real's paper business continues. Also other industrial arrangements increasing the owner value are possible when business needs change," says Kari Jordan, President and CEO of Metsäliitto Group.
