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Metso's Annual General Meeting decided on March 31, 2009 to establish a Nomination Committee to prepare proposals for the next Annual General Meeting on the composition of the Board of Directors along with the director remuneration.
The representatives of the four biggest shareholders are elected to the Nomination Committee. The Committee additionally comprises as expert members Jukka Viinanen, the Chairman of the Board of Directors as well as Jaakko Rauramo the Vice Chairman of the Board of Directors, as the Board of Directors appointed member. The right to nominate members to represent shareholders in the Committee belongs to the four shareholders who hold the most votes in Metso on November 2, 2009. The Chairman of the Board will convene the Nomination Committee, and the Committee will elect a chairman from among its members.
According to the shareholder register, Metso Corporation's four largest shareholders on November 2, 2009 were: Solidium Oy (15,695,287 shares and votes or 11.07% of share capital and votes), Cevian Capital II Master Fund L.P. (7,060,060 shares and votes or 4.98% of share capital and votes), Varma Mutual Pension Insurance Company (3,520,204 shares and votes or 2.48% of share capital and votes) and Ilmarinen Mutual Pension Insurance Company (3,177,621 shares and votes or 2.24% of share capital and votes).
Metso Corporation's next Annual General Meeting is planned to be held on March 30, 2010.
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 about 28,000 employees in more than 50 countries. www.metso.com
Further information for the press, please contact: Aleksanteri Lebedeff, Senior Vice President, General Counsel, Metso Corporation, tel. +358 20 484 3240 Further information for investors, please contact: Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253 Metso Corporation Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Group Communications Distribution: NASDAQ OMX Helsinki Ltd Media www.metso.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Copyright Copyright Hugin AS 2009. All rights reserved.
SOURCE: Metso Corporation
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