HELSINKI, FINLAND--(Marketwire - Sep 20, 2012) - Metso Corporation's stock exchange
release on September 20, 2012 at 3.25 p.m.
Metso Corporation's Board of Directors has decided to withdraw its proposal
an extra dividend of EUR 0.50 per share for the financial year ended
31, 2011. The Extraordinary General Meeting planned for October 12, 2012
consequently been cancelled.
After the Board decision of September 6, 2012 on proposal on extra
Metso made a decision of the restructuring of its paper machine business.
has successfully implemented a number of major reorganizations and improved
efficiency of its operations together with its personnel in recent years
have helped make the Group one of the leading technology companies in its
Taking this into consideration and in order to support and secure the
successfully plan and implement the essential restructuring required in the
Group's paper machine business and to secure the Group's long term
performance, the Board has concluded that it no longer believes that an
dividend is warranted at this time. Withdrawing the proposal is in the
view in the best interests of the company, its shareholders, the personnel
thereby Metso's overall position and future development.
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 deliver
sustainability and profitability to customers worldwide. Expect results.
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Source: Metso Corporation via Thomson Reuters ONE