Share-based payments related to Metso’s long-term incentive plans
Metso Corporation’s stock exchange release on February 16, 2024, at 9:15 a.m. EET
Metso’s Board of Directors has decided to convey maximum total of 1,460,759 of the company’s treasury shares without consideration to 177 key persons and executives in accordance with the terms and conditions of the Performance Share Plan 2021-2023 (PSP 2021-2023) and Restricted Share Plan 2021-2023 (RSP 2021-2023).
The directed share issue is based on an authorization given by the Annual General Meeting held on May 3, 2023.
The conveyance of shares will be executed on two dates depending on the plan: maximum total of 1,396,907 shares will be transferred on March 20, 2024, based on PSP 2021-2023, and a maximum number of 63,852 shares on December 2, 2024, based on RSP 2021-2023.
Following the share conveyance on March 20, 2024, the number of treasury shares will stand at around 1,247,342 shares and on December 2, 2024, at around 1,183,490 shares, respectively.
Metso announced the long-term incentive plan in a stock exchange release issued on July 1, 2020.
METSO CORPORATION
Board of Directors
Further information:
Nina Kiviranta, General Counsel, tel. +358 20 529 2017
Juha Rouhiainen, Vice President, Investor Relations, tel. +358 20 484 3253
Distribution:
Nasdaq Helsinki Ltd
Main media
www.metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and process expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. metso.com, x.com/metsoofficial