HELSINKI, Finland, Nov. 2, 2007 (PRIME NEWSWIRE) -- Metso's Annual General Meeting decided on April 3, 2007 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 November 1 prior to the Annual 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 Corporation's four largest shareholders on November 1, 2007 were: State of Finland (15,695,287 shares and votes or 11.07% of share capital and votes), Varma Mutual Pension Insurance Company (4,120,737 shares and votes or 2.90% of share capital and votes), Ilmarinen Mutual Pension Insurance Company (2,920,303 shares and votes or 2.06% of share capital and votes) and Cevian Capital II Master Fund L.P. (2,134,127 shares and votes or 1.50% of share capital and votes).
Metso Corporation's next Annual General Meeting is planned to be held on April 2, 2008.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Metso Corporation
Olli Vaartimo Executive Vice President and CFO Kati Renvall Vice President, Corporate Communications