Stock Exchange release February 8, 2006 10:00:41 AM CET
Metso's 2006 share ownership plan covers 55 individuals
Metso's Board of Directors has decided to direct the 2006 share ownership plan to a total of 55 Metso managers. The entire Metso Executive Team is included in the sphere of the incentive plan.
The potential reward from the plan is based on the achieved operating profit of Metso Corporation and its business areas in 2006. The incentive will consist of both shares and cash, with cash dedicated to cover possible taxes and tax-related payments. The share ownership plan in 2006 will cover a maximum total of 120,000 shares from Metso's treasury shares. The Metso Executive Team's share of this total is a maximum of 21,900 shares. Payment of the potential rewards will be decided during the first quarter of 2007.
During 2006, Metso's Board of Directors will decide on the purchase of Metso's own shares for the incentive plan.
Metso is a global engineering and technology corporation with 2004 net sales of approximately EUR 4 billion. Its 22 000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.