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Annual General Meeting

The Annual General Meeting of Metso Corporation was held on April 6, 2004 in Helsinki, Finland.

The Annual General Meeting of Metso Corporation:

• Approved the accounts for 2003.
• Voted to discharge the members of the Board of Directors and the President and CEO of Metso Corporation from liability for the 2003 financial year.
• Authorized the Board of Directors to resolve to repurchase and to dispose the Corporation's own shares within one year of the shareholders' meeting.
• Authorized the Board of Directorst to increase the share capital by issuing new shares, convertible bonds and/or stock options within one year of the shareholders' meeting.
• Decided to establish a Nomination Committee of the Annual General Meeting to prepare proposals for the following General Meeting in respect of the composition of the Board of Directors along with the director remuneration. Nomination Committee consists of the representatives of the four biggest shareholders along with the Chairman of the Board of Directors as an expert member.

Dividend

The Annual General Meeting decided, as proposed by the Board, to distribute a dividend of EUR 0.20 per share. The dividend will be paid to shareholders who have been entered as shareholders in the Corporation's shareholder register maintained by the Finnish Central Securities Depository Ltd. by the dividend record date, April 13, 2004. The dividend will be paid on April 20, 2004.


Board of Directors

Matti Kavetvuo was re-elected the Chairman of the Board at the Annual General Meeting and Jaakko Rauramo, Chairman of the Board of SanomaWSOY Corporation was elected the Vice Chairman of the Board. Risto Hautamäki, President and Chief Executive Officer of Tamfelt Corporation and Satu Huber, State Treasury, Director of Finance and Head of Finance Division, were elected new Board members. Board members re-elected were Maija-Liisa Friman, President and CEO of Aspocomp Group Oyj, D. Sc. (Tech.) Juhani Kuusi, and Pentti Mäkinen, Chief Shop Steward.


Auditors

The auditing company, Authorized Public Accountant PricewaterhouseCoopers was re-elected to act as an Auditor of the Corporation.

Attachments:

Annual General Meeting 2004 Presentation by CEO Jorma Eloranta

Last updated Mar 08, 2012