Decisions taken by Metso's Annual General Meeting 2019 and Metso's Board of Directors

Decisions taken by Metso's Annual General Meeting 2019 and Metso's Board of Directors

Metso Corporation, Stock Exchange Release, April 25, 2019 at 6:00 p.m. EEST

Metso Corporation's Annual General Meeting (AGM) was held today, April 25, 2019, at the Finlandia Hall in Helsinki, Finland. The Meeting approved the financial statements and discharged the members of the Board of Directors and the President & CEOs from liability for the financial year 2018.

The use of the profit shown on the balance sheet and the payment of dividend

The meeting approved the Board of Directors proposal to pay a dividend of EUR 1.20 per share. The dividend shall be paid in two instalments. The first dividend installment of EUR 0.60 per share shall be paid on May 7, 2019 to the shareholders who on the dividend record date April 29, 2019 are registered in the Company's shareholders' register held by Euroclear Finland Ltd.

The second dividend installment of EUR 0.60 per share shall be paid in November 2019 to shareholders who on the dividend record date are registered in the Company's shareholders' register held by Euroclear Finland Ltd. The Board of Directors shall resolve on the dividend record date and the date of the second dividend payment in its meeting agreed to be held on October 25, 2019. Pursuant to the current rules of the Finnish book-entry system, the dividend record date would be October 29, 2019, and the date of payment November 5, 2019.

Composition of the Board of Directors

The AGM confirmed the number of Board members as eight and re-elected Mikael Lilius as Chair of the Board and Christer Gardell as Vice Chair of the Board. Peter Carlsson, Lars Josefsson, Nina Kopola, Antti Mäkinen and Arja Talma were re-elected as members for a new term. Kari Stadigh was elected as a new member. The term of office of the Board members will last until the end of the next AGM.

Remuneration of the Board of Directors

The AGM decided that the Board members shall be paid the fixed annual remuneration as follows:

• Chair: EUR 120,000
• Vice Chair: EUR 66,000
• Members: EUR 53,000
  
  

It was further decided that an additional remuneration shall be paid to the Board members that are elected as members of the Audit Committee and Remuneration and HR Committee as follows:

• Chair of the Audit Committee: EUR 20,000
• Members of the Audit Committee: EUR 10,000
• Chair of the Remuneration and HR Committee: EUR 10,000                    
• Members of the Remuneration and HR Committee: EUR 5,000