Stock exchange release
March 30, 2010 05:15 PM EEST
Decisions of the Annual General Meeting of Metso Corporation
Metso Corporation's company release on March 30, 2010 at 5:15 p.m. local time
The Annual General Meeting of Metso Corporation approved today the Financial
Statements for 2009 as presented by the Board of Directors and decided to
discharge the members of the Board of Directors and the President and CEO of
Metso Corporation from liability for the financial year 2009. In addition, the
Annual General Meeting approved the proposals of the Board of Directors to
authorize the Board of Directors to resolve on a repurchase of company's own
shares, on share issue and granting of special rights and on donations to
universities as well as approved the proposal to amend the § 8 of articles of
association (notice convening the meeting).
The Annual General Meeting decided that a dividend of EUR 0.70 per share will be
paid for the financial year which ended on December 31, 2009. The dividend will
be paid to shareholders who on the record date April 6, 2010 have been
registered as shareholders in the company's shareholder register maintained by
Euroclear Finland Ltd. The dividend will be paid on April 13, 2010.
Jukka Viinanen was elected Chairman of the Board and Maija-Liisa Friman was
elected Vice Chairman of the Board. Erkki Pehu-Lehtonen and Mikael von Frenckell
were elected new members of the Board. The Board members re-elected were
Christer Gardell, Yrjö Neuvo and Pia Rudengren. The term of office of Board
members lasts until the end of the next Annual General Meeting.
The Annual General Meeting decided that the annual remunerations for Board
members be EUR 92,000 for the Chairman, EUR 56,000 for the Vice Chairman and EUR
45,000 for the members and that the meeting fee including committee meetings be
EUR 600 for each meeting they attend. The Annual General Meeting decided that
40% of the fixed annual remuneration be paid in company's shares purchased from
the market. The shares will be purchased directly on behalf of the members of
the Board within two weeks from the release of the Interim Review January 1
−March 31, 2010.
The auditing company, Authorized Public Accountant PricewaterhouseCoopers Oy was
re-elected to act as an Auditor of the Corporation until the end of the next
Annual General Meeting.
The Annual General Meeting decided to establish a Nomination Committee of the
Annual General Meeting to prepare proposals for the following Annual General
Meeting regarding the composition of the Board of Directors and director
remuneration. Representatives of the four biggest shareholders are elected to
the Nomination Committee and the Chairman of the Board of Directors shall be an
expert member of the committee.
The minutes of the Annual General Meeting will be available on Metso's website
at www.metso.com as of April 13, 20010.
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. We have about 27,000 employees in more than 50 countries.
Further information, please contact:
Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation,
tel. +358 20 484 3240
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
Executive Vice President and CFO
Vice President, Group Communications
NASDAQ OMX Helsinki Ltd