HELSINKI, Finland, Dec. 2, 2005 (PRIMEZONE) -- Metso's Annual General Meeting decided on April 4, 2005 to establish a Nomination Committee to prepare proposals for the next Annual General Meeting on the composition of the Board of Directors along with the director remuneration.
The right to nominate members to represent shareholders in the Committee belongs to the four shareholders who hold the most votes in Metso on December 1 prior to the General Meeting. The Chairman of the Board will convene the Nomination Committee, and the Committee will elect a chairman from among its members.
According to the shareholder register, Metso Oyj's four largest shareholders on December 1, 2005 were: State of Finland (15,695,287 shares or 11.08% of share capital), Cevian Capital G.P. Limited (7,011,607 shares or 4.95 % of share capital), Ilmarinen Mutual Pension Insurance Company (2,508,409 shares or 1.77% of share capital) and Varma Mutual Pension Insurance Company (2,463,769 shares or 1.74% of share capital).
Metso Corporation's next Annual General Meeting is planned to be held on April 4, 2006.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.