Dividend for 2019
The meeting approved the Board of Directors' proposal to pay a dividend of
Composition of the Boards of Directors
The AGM confirmed that the Board of Directors of Metso has seven members and re-elected
The Board's term of office commenced at the end of the Annual General Meeting and will expire at the registration of the completion of the partial demerger of
The AGM confirmed that the Board of Directors of the future Neles has seven members.
The term of office of the Board of the future
Remuneration of the Boards of Directors
The AGM decided that the Metso Board members shall be paid the same fixed annual remuneration as in the previous term. The remuneration to be paid will be calculated pro rata to the length of the term of office based on the following annual remuneration:
· Chair:
· Vice Chair:
· Other members:
It was further decided that the same additional remuneration as in the previous term shall be paid for the members of the Board of Directors that are elected as members of the Audit Committee and the
· Chair of the Audit Committee:
· Members of the Audit Committee:
· Chair of the
· Members of the Remuneration and HR committee:
The AGM also approved that the fixed annual remuneration be paid to the members of the Board of Directors in cash within two weeks after the expiry of their term of office.
The AGM decided that the following fixed annual remuneration be paid to the members of the Board of Directors of the future
· Chair:
· Vice Chair:
· Other members:
It was further decided that an additional remuneration shall be paid for the members of the Board of Directors that are elected as members of the Audit Committee and the
· Chair of the Audit Committee:
· Members of the Audit Committee:
· Chair of the
· Members of the
As a condition for the annual remuneration, the members of the Board of Directors of the future
Meeting fees
The AGM also approved the following meeting fees: for each meeting of the Board of Directors of
Auditor
Authorization to repurchase the Company's own shares
The AGM approved the proposal of the Board of Directors to authorize the Board to decide on the repurchase of Metso's own shares. The number of own shares to be repurchased may not exceed 5,000,000 shares, which corresponds to approximately 3.3 percent of all Metso's shares. The authorization is effective until
Authorization to issue shares and special rights entitling to shares
The AGM approved the proposal of the Board of Directors to decide on the issuance of shares and the issuance of special rights entitling to shares. The number of new shares that may be issued based on decision(s) of the Board of Directors pursuant to the authorization may not exceed 10,000,000 shares, which corresponds to approximately 6.7 percent of all Metso's shares. The number of Metso's own shares that may be transferred pursuant to the authorization may not exceed 5,000,000 shares, which corresponds approximately 3.3 percent of all Metso's shares. The authorization is effective until
The decisions were taken without voting. The minutes of the AGM will be available on Metso's website at www.metso.com/agm from
Further information, please contact:
Distribution:
Nasdaq
Media
www.metso.com
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in
https://news.cision.com/metso-corporation/r/decisions-taken-by-metso-s-annual-general-meeting-2020,c3135462
(c) 2020 Cision. All rights reserved., source