Helsinki, Finland, 08 February 2010 -- The board of directors of Metso Corporation has decided, in accordance with the authorization granted by the annual general meeting on 31 March 2009, to repurchase a maximum number of 300,000 company's own shares, which corresponds to about 0.2% of all the outstanding shares of Metso. The shares shall be repurchased as part of the company’s incentive program (Metso Share Ownership Plans), to be used as potential reward payments in accordance with the plan criteria.
Own shares will be purchased with the company's distributable funds and thus the repurchases will reduce the company's distributable nonrestricted equity. Shares will be purchased at market price in public trading on the NASDAQ OMX in Helsinki Exchange.
The repurchase of own shares will start on 16 February 2010, at the earliest and it will end on 26 March 2010, at the latest.
At the moment, Metso Corporation holds a total of 409,617 own shares.
) is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling, and the pulp and paper industries. The comapny has about 27,000 employees in more than 50 countries.