Insiders
Under the Finnish Securities Market Act, statutory insiders in Metso Corporation are the Chairman, Vice Chairman and members of the Board of Directors, the President & CEO and his deputy, the auditor and his deputy or the principally responsible auditor of a firm of public accountants. In addition, Metso Corporation’s statutory insiders include the members of the Executive Team. For the statutory insiders and interest parties, the ownership of Metso’s securities is public. Metso also has other permanent insiders and project-specific insiders whose securities ownership is not public.
Metso complies with the NASDAQ OMX Helsinki Ltd.’s Guidelines for Insiders that entered into force on January 1, 2006. The guidelines recommend that insiders trade in the company’s securities only when the markets have as complete information as possible on issues influencing the value of the share. Metso’s permanent insiders are not permitted to trade in the company’s issued securities during the 21 days , so called
closed window, immediately prior to the publication of the company’s interim reviews or financial statements release.
Closed window during 2010:
- 18. January- 7. February, 2010
- 8. April- 28. April, 2010
- 8. July- 28. July, 2010
- 7. October- 27. October, 2010
Metso Corporation’s registers of insiders are maintained by the Corporate Legal Department. Metso updates the register of statutory insiders in the Euroclear Finland Ltd’s Sire system, in which information on the ownership of securities can be obtained directly from the book-entry system.