Business News
Metso Corporations largest shareholders according to the shareholder register on November 3, 2008
Friday 07. November 2008 - Metso's Annual General Meeting decided on April 2, 2008 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 representatives of the four biggest shareholders are elected to the Nomination Committee and the Chairman of the Board as an expert member. 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 3, 2008. 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 3, 2008 were: State of Finland (15,695,287 shares and votes or 11.07% of share capital and votes), Cevian Capital II Master Fund L.P. (7,060,060 shares and votes or 4.98% of share capital and votes), Varma Mutual Pension Insurance Company (3,520,204 shares and votes or 2.48% of share capital and votes) and Ilmarinen Mutual Pension Insurance Company (3,237,621 shares and votes or 2.28% of share capital and votes).
Metso Corporations next Annual General Meeting is planned to be held on March 31, 2009.