Stock Exchange release May 27, 2003 01:02:28 PM CET
Metso Corporation's Board sets earnings criteria for the distribution of stock options for 2003
Metso Corporation's Board of Directors has decided on the maximum number of options and on the earnings criteria by which 2003A stock options can be distributed to key persons of Metso Corporation in the spring of 2004.
The Board has decided that the maximum number of 2003A stock options that can be distributed will be 2,500,000 options.
The main criteria for distributing stock options will be Metso Corporation's operating profit percentage, the return on capital employed (ROCE) and earnings per share.
Stock options can be distributed to the maximum amount, if the operating profit percentage for 2003 reaches at least 9 percent, the return on capital employed reaches at least 20 percent and earnings per share exceed EUR 1.60.
The minimum criteria for a partial distribution of stock options for 2003 are an operating profit percentage of at least 5 percent, a return on capital employed of at least 9 percent and earnings per share of at least EUR 0.75.
An additional criterion for the distribution of stock options is that the trade-weighted average price of the Metso share on the Helsinki Exchanges during the period January 1 - March 31, 2004 does not fall below EUR 10.11.
As stipulated in the terms and conditions of the stock options, the combined number of 2003A, 2003B and 2003C stock options granted by the Board to key persons may not exceed 5,600,000 options.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.