The conversion of an A additional share into a Metsä1 additional share will take effect after the end of the calendar year in which Metsäliitto Cooperative received the owner-member’s conversion request. The conversion is conducted in chronological order for the owner-member’s A additional shares so that the oldest A additional share is converted first. Equity Bonuses will remain, but Equity Bonuses earned on 1 January 2022 or later can only be used for Metsä1 additional shares.*
Conversion is easy in Metsäverkko
The request to convert A additional shares into Metsä1 additional shares can be easily submitted with the conversion tool in Metsäverkko. A forest owner can use the tool to submit a notification of whether or not they wish to convert their A additional shares into Metsä1 additional shares.
You can access the conversion tool and submit your notification by logging in to Metsäverkko and selecting the Economy section. The Economy section displays the amount of investments you have in Metsäliitto Cooperative, and the effect of the conversion on any possible Equity Bonuses and any fund increase shares for A additional shares made with the Equity Bonus. If you wish to convert your A additional shares into Metsä1 additional shares, the conversion tool allows you to state whether you wish to convert all or some of your A additional shares.
The conversion can be made by individuals and persons authorised for the management of a membership. In the case of memberships with several owners, the approval is made by all partners of the membership, unless the membership has designated a person authorised for the management of a membership who can approve the conversion on behalf of all the partners. A conversion confirmation will also be sent to all partners of the membership by email.
You can also submit a request for the conversion of A additional shares into Metsä1 additional shares by completing a conversion form (in Finnish) and sending it to Metsä Group customer service.
If an owner-member does not yet wish to convert all of their A additional shares, they can also submit a new conversion request for the remaining additional shares at a later date. The conversion always takes place on the first day of January following the conversion request. For example, conversion requests submitted in 2022 will be carried out on 1 January 2023. However, submitted conversion requests cannot be rescinded.
* With the exception that members can subscribe for A additional shares with Equity Bonuses earned before 2022 in the calendar years 2022–2023, in accordance with their exercise period, if the member still has A additional shares and Equity Bonuses related to them.