HELSINKI, Finland, June 11, 2001 (PRIMEZONE) -- The Board of Directors of Metso Corporation (NYSE:MX) has resolved to apply for listing of all 2000 A-warrants on the main list of the Helsinki Exchanges so that the listing commences approximately in week 26.
The total amount of A-warrants is 2,500,000. Each warrant entitles its holder to subscribe for one Metso share during April 1, 2001 - April 30, 2005. In the aggregate, the A-warrants entitle holders to subscribe for 2,500,000 shares. The share subscription price with A-warrants is EUR 15.00/share. The dividends payable annually shall be deducted.
Metso Corporation is a global supplier of process industry machinery and systems. Metso's core businesses are divided between Metso Paper (fiber and paper technology), Metso Minerals (rock and mineral processing) and Metso Automation (automation and control technology). In 2000, the net sales of Metso Corporation were EUR 3.9 billion, and the personnel totaled approximately 22,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
The terms and conditions of the warrants issue will be available at www.metso.com, Press room, attached to the press release of today.