Metso has completed the buyback of 300,000 shares for its Share Ownership Plans
Metso Corporation's company release on March 9, 2010 at 12:45 p.m. local time
Metso's decision announced on February 8, 2010 to repurchase a maximum number of 300,000 Company's own shares has been fully executed. The share repurchases relate to the Company's incentive programs announced earlier (Metso Share Ownership Plans 2009-12) to be used as potential reward payments in accordance with the Plan criteria.
Own shares were purchased with the Company's distributable funds thus reducing the Company's distributable non-restricted equity. Shares were purchased at market price in public trading on the NASDAQ OMX in Helsinki Exchange. The average purchase price per share was 23.47 euro and the total amount 7,040,303.60 euro. At the moment, Metso Parent Company holds 709,617 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 about 27,000 employees in more than 50 countries. www.metso.com
For further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso Corporation, tel. +358 20 484 3195
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253
Executive Vice President and CFO
Vice President, Group Communications
NASDAQ OMX Helsinki Ltd