Annual General Meeting 2014
ANNUAL GENERAL MEETING 2014
The Annual General Meeting (AGM) of Metso Corporation was held at 11:00 a.m. on Wednesday, March 26, 2014 at Helsinki Exhibition and Convention Centre (Messuaukio 1, 00520 Helsinki, Finland).
Decisions of the Annual General Meeting of Metso Corporation
Metso Corporation’s stock exchange release on March 26, 2014 at 1:45 p.m. EET
Metso Corporation’s Annual General Meeting was held today in Helsinki, Finland. The AGM approved the Financial Statements for 2013 and discharged the members of the Board of Directors and the President and CEO from liability for the 2013 financial year.
The Annual General Meeting decided that a dividend of EUR 1.00 per share will be paid for the financial year ending on December 31, 2013. The dividend will be paid to shareholders who are registered as shareholders in the company’s shareholder register maintained by Euroclear Finland Ltd. on the record date, March 31, 2014. The dividend will be paid on April 8, 2014.
The Annual General Meeting confirmed the number of Board members as seven and elected Mikael Lilius as Chairman of the Board and Christer Gardell as Vice Chairman. Wilson Nelio Brumer, Ozey K. Horton Jr., Kars Josefsson, Nina Kopola and Eeva Sipilä were re-elected for a new term. The term of office of Board members will last until the end of the next AGM.
The Annual General Meeting decided the following annual remuneration for the Board members: EUR 100,000 for the Chairman, EUR 60,000 for the Vice Chairman and for the Chairman of the Audit Committee, and EUR 48,000 for members. In addition, a meeting fee of EUR 700 will be paid to members resident in the Nordic countries, EUR 1,400 to members resident elsewhere in Europe, and EUR 2,800 to members resident outside of Europe for each meeting they attend, including committee meetings. The AGM also decided that, as a condition for receiving their annual remuneration, the members of the Board of Directors will be obliged, based on the AGM’s decision, to use 40% of their fixed annual remuneration for purchasing Metso Corporation shares from the market at a price formed in public trading and that such purchases shall be carried out within two weeks following the publication of the interim review for January – March, 2014.
Authorized Public Accountant Ernst & Young Oy was elected to act as the company’s Auditor until the end of the next Annual General Meeting. The remuneration to the Auditor was decided to be paid against the invoice approved by the Audit Committee.
The Annual General Meeting also approved the proposals of the Board of Directors to authorize the Board to decide on the repurchase of Metso shares and the issuance of special rights entitling to shares.