Valmet conveys 13,911 of its shares held by the company to 25 key Valmet employees who are in the group's share-based incentive program 2011-2013
May 2, 2014
– Valmet Corporation's stock exchange release on May 2, 2014 at 9:30 a.m. EET
In accordance with a resolution by Valmet Corporation's Board of Directors, Valmet Corporation has conveyed a total of 13,911 Valmet shares held by the company to 25 key Valmet employees included in the group's share-based incentive program 2011-2013.
The handover date for the shares was April 30, 2014, after which the remaining number of shares in the company held by Valmet Corporation is 399.
Metso Corporation's Board of Directors resolved on the terms and conditions of the share-based incentive program 2011-2013 in September 2010. The terms and conditions of the program are described in greater detail in Valmet's Corporate Governance Statement for 2013.
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.
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