Stock exchange release
March 28, 2013 05:00 PM EEST
Decisions of the Annual General Meeting of Metso Corporation
Metso Corporation's stock exchange release on March 28, 2013 at 4:00 p.m. local
Metso Corporation's Annual General Meeting was held today in Helsinki, Finland.
The AGM approved the Financial Statements for 2012 and discharged the members of
the Board of Directors and the President and CEO from liability for the 2012
financial year. The Annual General Meeting also approved the proposals of the
Board of Directors to authorize the Board to decide on the repurchase of Metso
shares, amend the Articles of Association, and establish a Shareholders'
The Annual General Meeting decided that a dividend of EUR 1.85 per share will be
paid for the financial year ending on December 31, 2012. The dividend will be
paid to shareholders who are registered as shareholders in the company's
shareholder register maintained by Euroclear Finland Ltd. on the record date,
April 4, 2013. The dividend will be paid on April 11, 2013.
The Annual General Meeting confirmed the number of Board members as eight and
elected Jukka Viinanen as Chairman of the Board and Mikael von Frenckell as Vice
Chairman. Mikael Lilius was elected as a new Board member and Christer Gardell,
Ozey K. Horton, Jr, Erkki Pehu-Lehtonen, Pia Rudengren, and Eeva Sipilä were re-
elected for a new term. The term of office of Board members will last until the
end of the next AGM.
The Annual General Meeting decided the following annual remuneration for Board
members: EUR 100,000 for the Chairman, EUR 60,000 for the Vice Chairman and for
the Chairman of the Audit Committee, and EUR 48,000 for members. In addition, a
meeting fee of EUR 700 will be paid to members resident in the Nordic countries,
EUR 1,400 to members resident elsewhere in Europe, and EUR 2,800 to members
resident outside of Europe for each meeting they attend, including committee
meetings. The AGM also decided that, as a condition for receiving their annual
remuneration, the members of the Board of Directors will be obliged, based on
the AGM's decision, to use 40% of their fixed annual remuneration for purchasing
Metso Corporation shares from the market at a price formed in public trading and
that such purchases shall be carried out within two weeks following the
publication of the interim review for January 1, 2013 to March 31, 2013.
Authorized Public Accountant Ernst & Young Oy was elected to act as the
company's Auditor until the end of the next Annual General Meeting.
The minutes of the Annual General Meeting will be available on Metso's website
at www.metso.com as of April 11, 2013.
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:
Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation,
tel +358 20 484 3240
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel +358 20 484 3253
VP, Investor Relations
NASDAQ OMX Helsinki Ltd