Stock exchange release
December 11, 2013 03:40 PM EEST
Valmet Corporation's listing application submitted to NASDAQ OMX Helsinki Ltd
Metso Corporation's stock exchange release on December 11, 2013 at 2.40 p.m
Metso Corporation ("Metso") has today submitted an application to NASDAQ OMX
Helsinki Ltd (the "Helsinki Stock Exchange") on the listing of the shares in
Valmet Corporation ("Valmet") on the official list of the Helsinki Stock
Exchange on behalf of Valmet. Trading in Valmet's shares on the official list of
the Helsinki Stock Exchange is expected to commence on or about January
2, 2014. The number of shares in Valmet is expected to be 149,864,619.
On October 1, 2013, the Extraordinary General Meeting of Metso decided that
Metso will demerge through a partial demerger in such a manner that all of the
assets, debts and liabilities relating to Metso's Pulp, Paper and Power
businesses will transfer, without liquidation, from Metso to Valmet. Metso's
other businesses, including, among others, the Mining and Construction as well
as the Automation businesses, will remain with Metso. Metso's shareholders will
receive as demerger consideration one (1) share in Valmet for each share in
Metso owned. No demerger consideration will be issued in respect of own shares
held by Metso. The shares in Valmet will be entered in the book-entry accounts
of the shareholders on or about December 31, 2013.
The Finnish demerger prospectus approved by the Finnish Financial Supervisory
Authority, together with an unofficial English translation thereof, has been
available as of September 23, 2013 on Metso's website www.metso.com/demerger.
The future Valmet Corporation is a leading global developer and supplier of
services and technologies for the pulp, paper and energy industries. Our 11,000
professionals around the world work close to our customers and are committed to
moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. Our strong technology offering includes
entire pulp mills, tissue, board and paper production lines, as well as power
plants for bio-energy production.
The company has over 200 years of industrial history and will be reborn through
the demerger of the pulp, paper and power businesses from Metso Group on 31
December 2013. Valmet's net sales in 2012 were approximately EUR 3 billion.
Valmet's objective is to become the global champion in serving its customers.
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:
Rasmus Oksala, VP, Legal, future Valmet Corporation, tel. +358 20 484 3252
Hanna-Maria Heikkinen, VP, Investor Relations, future Valmet Corporation, tel.
+358 40 826 2172
VP, Investor Relations
NASDAQ OMX Helsinki Ltd