Metso Outotec to start repurchasing own shares for its share-based incentive plans
Metso Outotec Corporation’s stock exchange release on August 8, 2022, at 3:45 p.m. EEST
The Board of Directors of Metso Outotec Corporation has decided to start repurchasing the company's own shares based on the authorization given by the 2022 Annual General Meeting. The shares shall be repurchased to be used as a part of the company’s share-based incentive plans. The maximum number of shares to be repurchased is 3,036,000 and the maximum amount to be used for the repurchase is EUR 30 million. The shares will be repurchased in public trading on Nasdaq Helsinki Ltd. in one or several instalments at the market price prevailing at the time of the purchase. The share repurchase will start on August 9, 2022, at the earliest and end by March 31, 2023, at the latest.
The General Meeting held on April 21, 2022, authorized the Board of Directors to decide on the repurchase of a maximum of 82,000,000 of the company's own shares.
Metso Outotec has a total of 828,972,440 shares, of which the company currently owns 300,505 shares.
Further information:
Juha Rouhiainen, VP, Investor Relations, Metso Outotec Corporation, tel. +358 20 4843253, email: juha.rouhiainen@mogroup.com
Distribution:
Nasdaq Helsinki Ltd
Main media
www.mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/