Metso Outotec Oyj : Composition of Metso’s Shareholders' Nomination Board
August 17, 2023 at 09:04 am
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Press releaseAugust 17, 2023
Composition of Metso's Shareholders' Nomination Board
Metso Corporation's stock exchange release on August 17, 2023, at 11.00 a.m. EEST
Metso's four largest shareholders have nominated representatives to the Shareholders' Nomination Board, which includes the Chair of the Board of Directors as the fifth member.
Metso's four largest registered shareholders on August 15, 2023, were Solidium (14.9% of shares and votes), Cevian Capital Partners (7.8% of shares and votes), Varma Mutual Pension Insurance Company (2.9% of shares and votes) and Ilmarinen Mutual Pension Insurance Company (2.7% of shares and votes).
As a result, Metso's Shareholders' Nomination Board consists of:
The Nomination Board will provide its proposals relating to the composition of the Board and Board remuneration to the company's Board of Directors on January 31, 2024, at the latest.
Metso is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.
Headquartered in Helsinki, Finland, Metso employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki. metso.com,twitter.com/metsoofficial
Metso Outotec Oyj published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 08:03:07 UTC.
Metso Outotec Oyj specializes in the design, development, construction and maintenance of factories and equipment intended for the metallurgy and mining industries. Net sales break down by activity sector as follows:
- mining (63.5%): crushing machines, screening machines, handling equipment, etc. ;
- aggregates industry and quarrying (27.3%): production plants, stations, modules and equipment, crushing and screening equipment, handling equipment, etc.;
- metal refining and processing (9.2%): extraction sites, non-ferrous concentrate baking units, copper, nickel, zinc, lead and precious metals foundries and refineries, grinders, floating machines, control and analysis systems, separators, iron processing into small balls units, etc.
Net sales are distributed geographically as follows: Finland (1.5%), Europe (21%), North and Central America (22.9%), Asia/Pacific (22.4%), South America (17.3%), Africa/Middle East/India (14.9%).