According to Metsä Board's Articles of Association, a shareholder may present the company with a request to convert an A share held by them into a B share. The request concerning conversion can usually be presented at any time, though not after the company's Board of Directors has made a decision to convene a General Meeting of Shareholders. A request made between said decision and the General Meeting that follows it is considered as presented and will be handled after the General Meeting and any possible reconciliation date to follow.
The A share is converted into a B share after the trade registration. Metsä Board processes all conversion requests it receives on the last weekday of each month. However, share conversions will not be processed in July. Conversion requests received by the end of June and July will be processed in August. The converted B shares are on the shareholder's book-entry account and can be traded when the share conversion has been registered in the trade register and in the book-entry system. Trading with new shares will normally begin in about one month after the company has processed the conversion request. The schedule depends, however, on third parties, such as the authorities. Once the shareholder has made a conversion request, their book-entry account will be subject to a disposal restriction entry, which means that the shareholder cannot sell their A shares before their conversion into B shares.
A shareholder wishing to convert shares must present a free-form signed conversion request in writing to Metsä Board, indicating the shareholder's personal identification code or business ID, contact information, number of shares to be converted, the trading code and ISIN code of shares to be converted from, e.g. METSA (FI0009000640), the trading code and ISIN code of shares to be converted to e.g. METSB (FI0009000665), book-entry account and account operator.
The conversion of the shares is voluntary: it is executed only at the request of the shareholder or the custodian of any nominee-registered shares entered in the book-entry system.
Please address written requests for conversion and any questions related to share conversion to:
Tel. +358 50 302 6858