Metso Corporation's stock exchange release on October 1, 2013 at 3:00 p.m. local time
Metso Corporation's Extraordinary General Meeting, held today on October 1, 2013, approved the proposed plan for partial demerger and decided to demerge Metso into two companies, Metso and Valmet. The planned registration date of the completion of the demerger is December 31, 2013.
The Board of Directors of Valmet Corporation, a company to be established in connection with the completion of the demerger, held its assembly meeting on October 1, 2013, at which it decided the composition of the Audit Committee and the Remuneration and HR Committee.
From among its members, Valmet's Board elected Pia Rudengren as Chairman and Erkki Pehu-Lehtonen and Friederike Helfer as members of the Audit Committee. Jukka Viinanen was elected as Chairman and Mikael von Frenckell and Pekka Lundmark as members of the Remuneration and HR Committee.
The demerger prospectus which relates to the partial demerger announced by Metso on May 31, 2013 which includes information on Valmet, its business and financial position, as well as on the Valmet shares to be given as demerger consideration in the partial demerger, has been available as of September 23, 2013 on Metso's website at www.metso.com/investors.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.
Further information, please contact:
Rasmus Oksala, VP, Legal, future Valmet Corporation, tel. +358 20 484 3252
VP, Investor Relations
NASDAQ OMX Helsinki Ltd