HELSINKI, FINLAND--(Marketwire - Mar 28, 2013) -
Metso Corporation's stock exchange release on March 28, 2013 at 4:00 p.m.
Metso Corporation's Annual General Meeting was held today in Helsinki,
The AGM approved the Financial Statements for 2012 and discharged the
the Board of Directors and the President and CEO from liability for the
financial year. The Annual General Meeting also approved the proposals of
Board of Directors to authorize the Board to decide on the repurchase of
shares, amend the Articles of Association, and establish a Shareholders'
The Annual General Meeting decided that a dividend of EUR 1.85 per share
paid for the financial year ending on December 31, 2012. The dividend will
paid to shareholders who are registered as shareholders in the company's
shareholder register maintained by Euroclear Finland Ltd. on the record
April 4, 2013. The dividend will be paid on April 11, 2013.
The Annual General Meeting confirmed the number of Board members as eight
elected Jukka Viinanen as Chairman of the Board and Mikael von Frenckell as
Chairman. Mikael Lilius was elected as a new Board member and Christer
Ozey K. Horton, Jr, Erkki Pehu-Lehtonen, Pia Rudengren, and Eeva
Sipilä were re-
elected for a new term. The term of office of Board members will last until
end of the next AGM.
The Annual General Meeting decided the following annual remuneration for
members: EUR 100,000 for the Chairman, EUR 60,000 for the Vice Chairman and
the Chairman of the Audit Committee, and EUR 48,000 for members. In
meeting fee of EUR 700 will be paid to members resident in the Nordic
EUR 1,400 to members resident elsewhere in Europe, and EUR 2,800 to members
resident outside of Europe for each meeting they attend, including
meetings. The AGM also decided that, as a condition for receiving their
remuneration, the members of the Board of Directors will be obliged, based
the AGM's decision, to use 40% of their fixed annual remuneration for
Metso Corporation shares from the market at a price formed in public
that such purchases shall be carried out within two weeks following the
publication of the interim review for January 1, 2013 to March 31, 2013.
Authorized Public Accountant Ernst & Young Oy was elected to act as the
company's Auditor until the end of the next Annual General Meeting.
The minutes of the Annual General Meeting will be available on Metso's
at www.metso.com as of April 11, 2013.
Metso is a global supplier of technology and services to customers in the
process industries, including mining, construction, pulp and paper, power,
oil and gas. Our 30,000 professionals based in over 50 countries contribute
sustainability and deliver profitability to customers worldwide. Metso's
are listed on the NASDAQ OMX Helsinki Ltd.
VP, Investor Relations
NASDAQ OMX Helsinki Ltd
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Source: Metso Corporation via Thomson Reuters ONE