Stock exchange release
June 15, 2010 03:40 PM EEST
Metso received confirmation of redemption price of shares in Tamfelt Corp.
Metso Corporation's stock exchange release on June 15, 2010 at 3:40 p.m. local
Metso gained the title to all the shares in Tamfelt on May 4, 2010 when it
lodged the security approved by the Arbitral Tribunal for the payment of the
redemption price and the interest accruing thereon. The Arbitral Tribunal
appointed by the Redemption Committee of the Central Chamber of Commerce of
Finland has today with its arbitral award confirmed that the redemption price of
the shares in Tamfelt Corp. (currently, Metso Fabrics Inc.) is EUR 7.17 per
share. The total number of Tamfelt's shares to be redeemed is 600,937 shares,
that is, approximately 2 percent of the shares in Tamfelt. Metso will pay the
redemption price and the interest accrued thereon to the minority shareholders
of Tamfelt within one month after the arbitral award has become legally binding,
which is estimated to take place in the second half of August 2010.
The arbitral award becomes legally binding after 60 days of its registration
with the Finnish Trade Register, assuming that no appeal is filed against it.
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 for investors, please contact:
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
Executive Vice President and CFO
Vice President, Investor Relations
NASDAQ OMX Helsinki Ltd