Inactive Instrument

Neles Oyj

Equities

NELES

FI4000440664

Industrial Machinery & Equipment

Neles Oyj : Composition of Neles' Shareholders' Nomination Board

September 04, 2020 at 01:31 am EDT

Neles Corporation, Stock exchange release on September 4, 2020 at 8.30 EEST

Neles Corporation's Shareholders' Nomination Board comprises of the representatives of the four largest shareholders of the company as of September 1, 2020 and, in addition, Chair of the Board of Directors. The duties of the Nomination Board include preparation and presentation of proposals to the Board of Directors concerning the number of the members, the composition of the Board as well as the remuneration of the Board of Directors. The Nomination Board will elect the chair amongst its members.

Members of the Shareholders' Nomination Board are:

· Pasi Laine, President and CEO, Valmet Oyj
· Philip Ahlgren, Vice President, Cevian Capital Partners Ltd
· Mikko Mursula, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company
· Risto Murto, President and CEO, Varma Mutual Pension Insurance Company
· Jukka Moisio, Chair of Neles' Board of Directors

The Nomination Board will be obliged to give its proposal for the Board of Directors by January 31, 2021. More detailed information on the Nomination Board is available on Neles' website (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.neles.com%2Finvestors%2Fgovernance%2Fnomination-board%2F&data=02%7C01%7Ckaisa.voutilainen%40neles.com%7C87898b750c1c434a7a5108d8502e301d%7C5fb877ea4fc145a1923381b6ece1b630%7C0%7C0%7C637347506591755370&sdata=%2Fw%2F5Av3YzTLyapm7qeRwhRspeeTb0gy7VtPXb6H4USU%3D&reserved=0).

NELES CORPORATION

For further information, please contact:

Elisa Erkkilä, General Counsel, Neles Corporation, tel. +358 40 75 444 11

Rita Uotila, Head of Investor Relations, Neles Corporation, tel. +358 400 954141

Distribution:
Nasdaq Helsinki
Media
www.neles.com (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.neles.com%2F&data=02%7C01%7Ckaisa.voutilainen%40neles.com%7C87898b750c1c434a7a5108d8502e301d%7C5fb877ea4fc145a1923381b6ece1b630%7C0%7C0%7C637347506591765367&sdata=BFwA0vEwJKhew5II73S0y6tDTA5t29V%2Fw6FZSEJKDoc%3D&reserved=0)

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in around 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.

www.neles.com (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.neles.com%2F&data=02%7C01%7Ckaisa.voutilainen%40neles.com%7C87898b750c1c434a7a5108d8502e301d%7C5fb877ea4fc145a1923381b6ece1b630%7C0%7C0%7C637347506591765367&sdata=BFwA0vEwJKhew5II73S0y6tDTA5t29V%2Fw6FZSEJKDoc%3D&reserved=0), Twitter.com/nelesflow (https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.twitter.com%2Fnelesflow&data=02%7C01%7Ckaisa.voutilainen%40neles.com%7C87898b750c1c434a7a5108d8502e301d%7C5fb877ea4fc145a1923381b6ece1b630%7C0%7C0%7C637347506591775355&sdata=oVhnB7XO5LW%2Bw3Kn9iDpWO5IZsaqb%2BTI5gr3wldA9qA%3D&reserved=0)

https://news.cision.com/neles-oyj/r/composition-of-neles--shareholders--nomination-board,c3188822

Latest news about Neles Oyj

Neles Oyj Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-27	CI
Transcript : Neles Oyj, H1 2023 Earnings Call, Jul 26, 2023	23-07-26
Neles Oyj Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-26	CI
Valmet CFO Steps Down	22-04-11	MT
Transcript : Neles Oyj, Valmet Oyj - M&A Call	22-04-01
Finland's Valmet Closes Purchase of Neles	22-04-01	MT
Neles Oyj(HLSE:NELES) dropped from S&P Global BMI Index	22-04-01	CI
Valmet Oyj completed the acquisition of remaining 70.4% stake in Neles Oyj ) from Cevian Capital Partners Limited, Ilmarinen Mutual Pension Insurance Company, Elo Mutual Pension Insurance Company, Keskinäinen työeläkevakuutusyhtiö Varma, Alfa Laval AB (OM:ALFA) and others.	22-03-31	CI
Valmet, Neles Merger Clears Conditions for Completion; Combined Group Nears Nasdaq Helsinki Listing	22-03-31	MT
Neles Oyj(HLSE:NELES) dropped from OMX Nordic All-Share Index	22-03-31	CI
Valmet, Neles Sign $98 Million Loan Deal For Extra Funds Distribution In Merger	22-03-22	MT
Neles Corporation Decides on an Extra Distribution, Payable on March 31, 2022	22-03-22	CI
Neles Corporation Announces Board Changes	22-03-22	CI
Neles Oyj Declares Dividend for the Year 2021, Payable on March 31, 2022	22-03-22	CI
Valmet, Neles On Track to Close Merger in April	22-03-21	MT
Finnish Competition Authority Approves Valmet, Neles Merger Prospectus Supplement	22-02-09	MT
Nokian Tyres misses estimates in quarter, warns of higher costs	22-02-08	RE
Transcript : Neles Oyj, Q4 2021 Earnings Call, Feb 04, 2022	22-02-04
Neles Oyj Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-04	CI
Neles Oyj Proposes Dividend for the Financial Year Ended December 31, 2021, Payable on March 31, 2022	22-02-04	CI
Neles Oyj Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-04	CI
Neles Appoints Tuomo Paukkula as Head of the Projects Business Line and Member of Executive Management Team, Effective February 7, 2022	22-01-25	CI
Neles Corporation Announces Composition of Shareholders' Nomination Board	22-01-24	CI
Neles Oyj Announces Resignation of Emma Adlerton as Member of the Shareholders' Nomination Board	22-01-14	CI
More than 50,000 Finnish industrial workers threaten to strike over wage dispute	21-12-30	RE

Chart Neles Oyj

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Company Profile

Neles Oyj, formerly Metso Oyj is a Finland-based supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company's industries include chemicals, energy, gas processing and LNG and industrial gas. The Company offers its products at over 190 locations worldwide. The Company offers a range of products in such categories as wear parts, spare parts, Lokotrack mobile plants, crushers, feeders, screens, conveyors, grinding, separation, pyro processing, bulk materials handling and slurry pumps. Its services include field services, life cycle services for mining, repairs and refurbishment, chamber optimization and engineered upgrades.

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