Post by UPM

Today we announced updates regarding the planned demerger of the Plywood business from UPM and the establishment of WISA Group as a publicly listed company. UPM will hold an Extraordinary General Meeting on August 31, 2026 on the approval of the demerger plan and resolution on the partial demerger. Matters to be decided include e.g. the election of the members of the Board of Directors of WISA Group, as well as authorization to decide on the issuance of shares and special rights entitling to shares in WISA Group. Read more in the stock exchange release 👉 https://go.upm.com/4hfT9R9 UPM also announced that The Finnish Financial Supervisory Authority has approved the demerger and listing prospectus and that The Board of Directors of UPM has appointed WISA Group's Leadership Team with effect as of completion of the contemplated demerger on or about October 31, 2026. Read more in the stock exchange release 👉 https://lnkd.in/e2Q3uCBP WISA Group will be one of the leading European plywood producers with a strong market position across key end-uses. WISA will offer high-quality plywood and veneer products mainly for panel trading and construction, vehicle flooring, LNG shipbuilding, parquet manufacturing and other industrial applications. It will operate seven production units across five locations in Finland and Estonia with a theoretical maximum production capacity of approximately 785,000 cubic meters per year.