Stock exchange release
September 20, 2012 03:16 PM EEST
Metso's Board of Directors withdraws the proposal for an extra dividend
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 for
an extra dividend of EUR 0.50 per share for the financial year ended December
31, 2011. The Extraordinary General Meeting planned for October 12, 2012 has
consequently been cancelled.
After the Board decision of September 6, 2012 on proposal on extra dividend,
Metso made a decision of the restructuring of its paper machine business. Metso
has successfully implemented a number of major reorganizations and improved the
efficiency of its operations together with its personnel in recent years that
have helped make the Group one of the leading technology companies in its field.
Taking this into consideration and in order to support and secure the process to
successfully plan and implement the essential restructuring required in the
Group's paper machine business and to secure the Group's long term sustainable
performance, the Board has concluded that it no longer believes that an extra
dividend is warranted at this time. Withdrawing the proposal is in the Board's
view in the best interests of the company, its shareholders, the personnel and
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, and
oil and gas. Our 30,000 professionals based in over 50 countries deliver
sustainability and profitability to customers worldwide. Expect results.
For further information, please contact:
Matti Kähkönen, President and CEO, Metso Corporation, tel. +358 20 484 3000
Harri Nikunen, CFO, Metso Corporation, tel. +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel.
+358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd