Metso ADR

Invest in Metso through our American Depository Shares

Metso shares are traded as American Depositary Shares (ADS) / American Depository Receipts (ADR) on the highest OTC (over-the-counter) marketplace, OTCQX®, under the ticker symbol MXCYY, in the United States.

OTCQX is the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. Current financial disclosure and trading information will be readily available on www.otcmarkets.com.

The Bank of New York Mellon (BNYM) operates as a depositary bank for Metso's ADRs. The depositary bank plays a key role in the process of issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in U.S. dollars. The Bank of New York Mellon is a DTC (Depositary Trust Company) participant as are brokers and dealers, other banks, trust companies and clearinghouses.

ADR trading on the over-the-counter market in the United States
Ticker symbol: MXCYY
CUSIP no: 592671101
DR Exchange: OTC (over-the-counter) market
DR ISIN: US5926711012
Ratio: 4:1  (1 ADS : 0.25 ordinary)
Currency: USD
Depositary: BNYM
Effective date: September 17, 2007
Underlying ISIN: FI0009007835
Underlying SEDOL: 5713422
Country: Finland
Industry: Industrial Engineering


For additional general information, please visit The Bank of New York Mellon's website at www.adrbnymellon.com and look for Metso profile page. Registered holders wishing to access their account with The Bank of New York Mellon (BNYM acts as both ADR depositary bank and registrar):

 

Broker Desk Contacts

United Kingdom
Damon Rowan -- Tel: +44 (0) 20 7964 6527; damon.rowan@bnymellon.com.
Jaymi Pace -- Tel: +44 (0) 20 7964 6419; jaymi.pace@bnymellon.com;
Fax: +44 (0) 20 7964 6024

USA
Ravi Davis -- Tel: +1 212 815 4245; ravi.davis@bnymellon.com
For more information about ADRs, visit www.adrbnymellon.com

Dividends on Metso's ADRs are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. The applicable tax rate is 28%. In addition, non-residents of Finland are subject to Finnish withholding tax on dividends. In the case of the treaty with the United States, qualified U.S. beneficial owners, as defined in the double taxation convention between the United States and Finland, are entitled to a reduced tax treaty rate of 15% rather than the statutory withholding tax rate of 28%.

Metso is responsible for deducting any applicable withholding tax, which is 28% unless the ADR holder provides evidence that the reduced tax treaty rate of 15% applies. Depending on individual circumstances, foreign taxes withheld might be applied as a credit or a deduction against U.S. taxes, or if Finnish taxes are withheld at the rate of 28% from an ADR dividend paid to a holder that has its fiscal residence in the U.S., a claim for refund may be filed with the Finnish tax authorities for taxes withheld at a rate in excess of 15%. The Bank of New York as depositary for Metso's ADRs maintains a simplified tax relief arrangement enabling investors to receive the reduced Finnish withholding tax relating to dividend payments.

Through the link below you can find information on Metso's biggest ADR holders. The list, which exists on the Bank of New York Mellon's ADR website, is updated on a regular basis using publicly available data. Data consists of 13F quarterly filings of institutional holders and half-yearly mutual fund returns.


» Metso's ADR holders