Billerud's acquisition of Korsnäs is conditional upon resolutions by the Extraordinary General Meeting to approve the acquisition and to authorize the Board to execute a new directed issue of shares to Kinnevik, owner of Korsnäs, and execute a new issue of shares with preferential rights for the existing shareholders.New members of the Board of Directors of BillerudKorsnäs will be elected at the Extraordinary General Meeting. It is proposed that Mia Brunell Livfors, CEO of Kinnevik, Wilhelm Klingspor, Kinnevik Board member, Mikael Larsson, CFO of Kinnevik, and Hannu Ryöppönen, former CFO of Stora Enso, shall be elected as new Board members. Hannu Ryöppönen is suggested as new Chairman of the Board.The current Board Members Ingvar Petersson, Helena Andreas, Mikael Hellberg, Ewald Nageler and Yngve Stade have declared that they will resign as Board Members once the appointment of the new Board Members takes effect.