Metso Corporation has been informed about a decrease in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On September 1, 2005, J.P. Morgan Chase & Co 's holdings amounted to 4.91 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 5.04 percent on August 23, 2005. The holding fell below the threshold of five percent on September 1, 2005 when J.P. Morgan Asset Management (UK) Limited acting as a discretionary investment manager for underlying funds sold 174,502 Metso shares.
According to their announcement holdings by mutual funds of J.P. Morgan Chase & Co. on September 1, 2005 were as follows:
J.P. Morgan Investment Management Inc. 2,865,251 shares
J.P. Morgan Investment Management Limited 567,076 shares
J.P. Morgan Trust Bank 666,000 shares
JP Morgan Fleming Asset Management (Japan) Limited 19,165 shares
JPMorgan Asset Management (UK) Limited 1,786,631 shares
JPMorgan Chase Bank 664,215 shares
J.P. Securities Limited 386,430 shares
Total 6,954,768 shares
This holding corresponds to 4.91 percent of the paid up share capital of Metso Corporation.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.