Finnish Financial Authority Approves WISA Demerger and Listing Prospectus
News related to:WISA Group Plc · 2 min read
The Finnish Financial Supervisory Authority has approved a supplement to WISA Group Plc’s demerger and listing prospectus, paving the way for the partial demerger of UPM-Kymmene Corporation and the subsequent listing of WISA shares on the regulated market of Nasdaq Helsinki Ltd. The planned completion date of the demerger, known as the Demerger, is set for October 31, 2026. Trading in the shares of WISA is expected to commence on November 2, 2026, or as soon as reasonably possible thereafter.
WISA Group Plc, a subsidiary of UPM-Kymmene Corporation, has announced the appointment of Lasse von Hertzen as the Senior Vice President, Chief Financial Officer (CFO), and a member of the Group Leadership Team. Von Hertzen was previously appointed as the interim CFO of WISA. The planned composition of WISA's Group Leadership Team, which was originally announced on July 16, 2026, includes the following members:
- Tuija Suur-Hamari (President and CEO) - Pia Helminen (Senior Vice President, HR) - Saara-Maria Helminen (Senior Vice President, General Counsel) - Lasse von Hertzen (Senior Vice President, Chief Financial Officer) - Kristiina Jaaranen (Senior Vice President, Marketing, Sustainability and Communications) - Susanna Rinne (Senior Vice President, Sales) - Juhani Tenhunen (Senior Vice President, Operations)
The appointments will come into effect after the completion of the Demerger. UPM will publish the supplement to the prospectus on behalf of WISA, which will include other technical amendments. The Finnish-language supplement and its unofficial English translation will be available, along with the previously published demerger and listing prospectus and its unofficial English translation, starting from September 17, 2026, at the following link: www.upm.fi/jakautuminen and www.upm.com/demerger.
UPM, a material solutions company, is renewing products and entire value chains with a portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. The company operates globally and employs approximately 15,100 people worldwide, with annual sales of approximately €9.7 billion. UPM’s shares are listed on Nasdaq Helsinki Ltd.
The partial demerger of UPM and the listing of WISA shares on the Nasdaq Helsinki Ltd market are significant steps in the company’s strategic restructuring. The Finnish Financial Supervisory Authority’s approval of the supplement to the demerger and listing prospectus marks a crucial milestone in this process, ensuring that all necessary regulatory requirements are met.
The distribution of this announcement may be restricted in certain jurisdictions, and the information contained herein does not constitute an offer to sell or the solicitation of an offer to buy any shares in UPM or WISA in any jurisdiction.