Stock Exchange release February 4, 2009 02:30:00 PM CET
Metso to buy back 300,000 own shares for its Share Ownership Plan
Metso Corporation's company release on February 4, 2009 at 3.30 p.m.
The Board of Directors of Metso Corporation has decided, in accordance with the authorization granted by the Annual General Meeting on April 2, 2008, to repurchase a maximum number of 300,000 Company's own shares, which corresponds to about 0.2 percent of all the outstanding shares of Metso. The shares shall be repurchased as part of the Company's incentive program announced in October 2008 (Metso Share Ownership Plan 2009-2011) to be used as potential reward payments in accordance with the Plan criteria.
Own shares will be purchased with the Company's distributable funds and thus the repurchases will reduce the Company's distributable non-restricted equity. Shares will be purchased at market price in public trading on the NASDAQ OMX in Helsinki Exchange.
The repurchase of own shares will start on February 12, 2009 at the earliest and it will end on March 30, 2008 at the latest.
At the moment, Metso Parent Company holds 60,841 its own shares.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have over 29,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso Corporation, tel. +358 20 484 3195
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Executive Vice President and CFO
Vice President, Corporate Communications
NASDAQ OMX Helsinki Ltd