Metsä Board informed about conversion of its 5,656 A-sharesinto 5,656 B-shares. According to the announcement, the conversion has been entered into the Trade Register on June 30, 2017 and the trading with these shares is estimated to commence on July 3, 2017.
The total number of Metsä Board shares is 355,512,746. After the conversion the amount of A-shares is 35,886,682 which entitle to approximately 69% of the voting rights in Metsä Board and the amount of B-shares 319,626,064 which entitle to approximately 31 of the voting rights.
Earlier Metsä Board won the Luxe Pack Shanghai ’in green’ Award.
Metsä Board is a leading European folding boxboard and white fresh forest fibre linerboard producer as well as a market pulp supplier. Its sales network serves brand owners, carton printers, corrugated packaging manufacturers, printers and merchants. In 2016, the company’s sales totaled EUR 1.7 billion. It employees around 2,600 people. Metsä Board is part of Metsä Group.
About Metsä Group:
The company is a forest industry group whose core business consists of tissue and cooking papers, paperboard, pulp, wood products, and wood supply and forest services. It has operations in almost 30 countries and production in 9 of them.