Metso Corporation

April 13, 2012 10:10 ET

Metso Corporation's Conveyance of Own Shares Based on the Share Ownership Plan 2009-2011

HELSINKI, FINLAND--(Marketwire - Apr 13, 2012) -

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.,

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Thomson Reuters ONE [HUG#1602382]

Contact Information

  • For further information, please contact:
    Juha Rouhiainen
    Vice President, Investor Relations
    Metso Corporation
    tel. +358 20 484 3253

    Metso Corporation
    Harri Nikunen
    Juha Rouhiainen
    VP, Investor Relations

    NASDAQ OMX Helsinki Ltd