Metsäliitto to launch a capital program

Jan 18, 2010. /Lesprom Network/. Metsäliitto has made a preliminary decision to launch a capital program 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, the company said in a press release received by Lesprom Network. Through the capital program aimed at Metsäliitto's owner members, the members can subscribe A and B additional shares. In addition, the program includes the removal of the current upper limit for the obligatory shares. Furthermore, Metsäliitto intents 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 program, 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. "I believe that our capital program will serve the benefits of our members and the strategic objectives of our business operations. Metsäliitto'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, CEO of Metsäliitto Group.