Metso Corporation : Decisions of the Annual General Meeting of Metso
Metso Corporation's stock exchange release on March 28, 2013 at 4:00p.m.
Metso Corporation's Annual General Meeting was held today in Helsinki,
Finland. The AGM approved the Financial Statements for 2012 and discharged the
members of the Board of Directors and the President and CEO from liability for
the 2012 financial year. The Annual General Meeting also approved the
proposals of the Board of Directors to authorize the Board to decide on the
repurchase of Metso shares, amend the Articles of Association, and establish a
Shareholders' Nomination Board.
The Annual General Meeting decided that a dividend of EUR 1.85 per share will
be paid for the financial year ending on December 31, 2012. The dividend will
be paid to shareholders who are registered as shareholders in the company's
shareholder register maintained by Euroclear Finland Ltd. on the record date,
April 4, 2013. The dividend will be paid on April 11, 2013.
The Annual General Meeting confirmed the number of Board members as eight and
elected Jukka Viinanen as Chairman of the Board and Mikael von Frenckell as
Vice Chairman. Mikael Lilius was elected as a new Board member and Christer
Gardell, 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 the end of the next AGM.
The Annual General Meeting decided the following annual remuneration for Board
members: EUR 100,000 for the Chairman, EUR 60,000 for the Vice Chairman and
for the Chairman of the Audit Committee, and EUR 48,000 for members. In
addition, a meeting fee of EUR 700 will be paid to members resident in the
Nordic countries, 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 committee meetings. The AGM also decided that, as a condition for
receiving their annual remuneration, the members of the Board of Directors
will be obliged, based on the AGM's decision, to use 40% of their fixed annual
remuneration for purchasing Metso Corporation shares from the market at a
price formed in public trading and 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 website
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, and
oil and gas. Our 30,000 professionals based in over 50 countries contribute to
sustainability and deliver profitability to customers worldwide. Metso's
shares are listed on the NASDAQ OMX Helsinki Ltd.
Further information, please contact:
Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso
Corporation, tel +358 20484 3240
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel +358 20484
VP, Investor Relations
NASDAQ OMX Helsinki Ltd
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information contained therein.
Source: Metso Corporation via Thomson Reuters ONE
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