HELSINKI, Finland, March 14, 2014 (GLOBE NEWSWIRE) -- A total of 24,649 of Metso Corporation's treasury shares have been conveyed without consideration to the 39 key individuals participating in the company's Share Ownership Plan 2011-2013 under the terms and conditions of the plan.
The total reward payable under the plan also includes 24,649 Valmet shares. Metso's Board of Directors decided in summer 2013 that, following the completion of the demerger, the reward earned as part of the plan would be paid to participants in the form of both Metso and Valmet shares.
The directed share issue is based on an authorization given by the Annual General Meeting held on March 29, 2012.
Following the directed share issue, the number of treasury shares now stands at 458,988 shares.
Metso announced the Share Ownership Plan 2011-2013 in a stock exchange release issued on October 1, 2010.
Metso is a leading process performance provider, with customers in the mining, construction, and oil & gas industries. Our focus is on the continuous development of intelligent solutions that improve sustainability and profitability. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000 professionals in 50 countries. Expect results.
Further information, please contact:
Merja Kamppari, SVP, Human Resources, Metso Corporation, tel +358 20 484 3003
Harri Nikunen, CFO
Juha Rouhiainen, VP, Investor Relations
NASDAQ OMX Helsinki Ltd