The Annual General Meeting of Metso Corporation was held at 3 p.m. on Tuesday, March 30, 2010 at Helsinki Fair Centre (Messuaukio 1, 00520 Helsinki, Finland).
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Important dates in connection to AGM
- Registration for the meeting begins: February 26
- Record date to AGM: March 18
- Registration ends: March 25
- Annual General Meeting: March 30
- Record date for dividend: April 6
- Dividend payment date: April 13
- The minutes of the Annual General Meeting will be available on this site as of April 13
Decisions of the Annual General Meeting
Link to the release
The Annual General Meeting of Metso Corporation approved today the Financial Statements for 2009 as presented by the Board of Directors and decided to discharge the members of the Board of Directors and the President and CEO of Metso Corporation from liability for the financial year 2009. In addition, the Annual General Meeting approved the proposals of the Board of Directors to authorize the Board of Directors to resolve on a repurchase of company’s own shares, on share issue and granting of special rights and on donations to universities as well as approved the proposal to amend the § 8 of articles of association (notice convening the meeting).
The Annual General Meeting decided that a dividend of EUR 0.70 per share will be paid for the financial year which ended on December 31, 2009. The dividend will be paid to shareholders who on the record date April 6, 2010 have been registered as shareholders in the company’s shareholder register maintained by Euroclear Finland Ltd. The dividend will be paid on April 13, 2010.
Jukka Viinanen was elected Chairman of the Board and Maija-Liisa Friman was elected Vice Chairman of the Board. Erkki Pehu-Lehtonen and Mikael von Frenckell were elected new members of the Board. The Board members re-elected were Christer Gardell, Yrjö Neuvo and Pia Rudengren. The term of office of Board members lasts until the end of the next Annual General Meeting.
The Annual General Meeting decided that the annual remunerations for Board members be EUR 92,000 for the Chairman, EUR 56,000 for the Vice Chairman and EUR 45,000 for the members and that the meeting fee including committee meetings be EUR 600 for each meeting they attend. The Annual General Meeting decided that 40% of the fixed annual remuneration be paid in company’s shares purchased from the market. The shares will be purchased directly on behalf of the members of the Board within two weeks from the release of the Interim Review January 1 −March 31, 2010.
The auditing company, Authorized Public Accountant PricewaterhouseCoopers Oy was re-elected to act as an Auditor of the Corporation until the end of the next Annual General Meeting.
The Annual General Meeting decided to establish a Nomination Committee of the Annual General Meeting to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and director remuneration. Representatives of the four biggest shareholders are elected to the Nomination Committee and the Chairman of the Board of Directors shall be an expert member of the committee.