Metso Outotec’s Board of Directors has decided to convey an estimated total of 624,516 of the company’s treasury shares without consideration to 60 key persons and executives in accordance with the terms and conditions of the Performance Share Plans 2019-2021 (PSP 2019-2021), Restricted Share Plan 2019-2021 (RSP 2019–2021) and Matching Share Plan directed to the President and CEO (MSP 2018–2021).
The directed share issue is based on an authorization given by the Annual General Meeting held on April 23, 2021.
The conveyance of the shares will be executed on two dates, depending on the terms of the plans as follows:
- an estimated total of 606,847 shares will be transferred on February 24, 2022, based on the PSP 2019-2021 and RSP 2019–2021, and as the second tranche of the MSP 2018–2021 directed to the President and CEO
- an estimated total of 17,669 shares will be transferred on June, 30, 2022, to the President and CEO as the third tranche of the MSP 2018–2021
Following the directed share issues, the treasury shares will total around 318,174 on February 24, 2022, and around 300,505 on June 30, 2022.
The plans were originally announced by Metso in its stock exchange releases on December 14, 2017, February 6, 2019, and June 10, 2020, and by Outotec in its stock exchange release on December 11, 2018. The continuation of the plans was announced by Metso Outotec on July 1, 2020, after the merger of Metso Minerals and Outotec.
Further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Outotec Corporation, tel. +358 20 484 3253, email: juha.rouhiainen(a)mogroup.com
Nasdaq Helsinki Ltd
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 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec