Metso Corporation's company release on March 2, 2009 at 11:15 a.m. local time
Metso's decision announced on February 4, 2009 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 program announced in October 2008 (Metso Share Ownership Plan 2009-11) 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 8.28 euro and the total amount 2,483,495.48 euro. At the moment, Metso Parent Company holds 360,841 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