Metso Corporation's conveyance of own shares based on the Share Ownership Plan 2009-2011
Metso Corporation's stock exchange release on April 13, 2012 at 5:00 p.m. local time
The Board of Directors of Metso Corporation decided in October 2008 on the Share Ownership Plan 2009-2011. The purpose of the share ownership plan is to combine the interests of Metso's shareholders and management to enhance the value of the company and to bind the management to the company by offering them an incentive scheme based on share ownership.
In order to implement the reward payments in accordance with terms of the share ownership plan, the Board of Directors of Metso has on April 13, 2012 decided on a conveyance of a maximum of 128,890 existing own shares held by Metso to a total of 83 participants of the plan through a directed share issue without consideration. The Share issue is based on the authorization granted to the Board of Directors by Metso's Annual General Meeting of Shareholders held on March 29, 2012.
The final exact number of own shares to be conveyed and the final participant list will depend on the fulfillment of certain conditions of the share ownership plan at the time of the conveyance, on or about April 27, 2012.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
For further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd
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Source: Metso Corporation via Thomson Reuters ONE