Stock exchange release
March 30, 2011 04:50 PM EEST
Decisions of the Annual General Meeting of Metso Corporation
Metso Corporation's stock exchange release on March 30, 2011 at 4:50 p.m. local
The Annual General Meeting of Metso Corporation approved today the Financial
Statements for 2010 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 2010. 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 and on a share issue.
The Annual General Meeting decided that a dividend of EUR 1.55 per share will be
paid for the financial year which ended on December 31, 2010. The dividend will
be paid to shareholders who on the record date April 4, 2011 have been
registered as shareholders in the company's shareholder register maintained by
Euroclear Finland Ltd. The dividend will be paid on April 12, 2011.
Jukka Viinanen was elected Chairman of the Board and Maija-Liisa Friman was
elected Vice Chairman of the Board. Ozey K. Horton, Jr. was elected as a new
member of the Board. The Board members re-elected were Mikael von Frenckell,
Christer Gardell, Yrjö Neuvo, Erkki Pehu-Lehtonen 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 for
the Chairman of the Audit Committee and EUR 45,000 for the members and that the
meeting fee including committee meetings be EUR 600 for those members whose
place of residence is in Nordic countries, EUR 1,200 for those members whose
place of residence is elsewhere in Europe and EUR 2,400 for those members whose
place of residence is outside of Europe for each meeting they attend. The Annual
General Meeting decided that 40 percent of the 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, 2011.
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 Board 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 largest shareholders are elected to the Nomination
Board and the Chairman of the Board of Directors shall be an expert member of
the Nomination Board.
The minutes of the Annual General Meeting will be available on Metso's website
at www.metso.com as of April 13, 2011.
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 28,500 employees in more than 50 countries.
Further information for the press, 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
Vice President, Investor Relations
NASDAQ OMX Helsinki Ltd