Metso's Board of Directors has resolved on the performance measurement of the following Performance Share Plans directed to Metso's top management: PSP 2018-2020 and PSP 2019-2021.
The reason for the timing of the performance measurement is the expected closing of the partial demerger of Metso and the combination of Metso's Minerals business and
The commencement of PSP 2018-2020 was originally announced on
Based on the performance measurement, the performance targets of PSP 2018-2020 were not achieved and there will be no rewards paid based on this plan. The performance targets of PSP 2019-2021 were partly achieved and a total of 111,166 shares will be paid as a reward based on this plan (this amount refers to a gross amount before the deduction of the applicable payroll tax). The share rewards will become payable, in accordance with the terms of this plan, after the end of the entire three-year plan period in the spring 2022.
The above-mentioned Performance Share Plans as well as the other currently ongoing share-based long-term incentive plans of Metso, comprising the Deferred Share Unit Plans (DSUP 2018-2020 and DSUP 2019-2021), Restricted Share Plans (RSP 2018-2020 and RSP 2019-2021) and the Matching Share plan directed to the President and CEO (MSP 2018-2021), will be transferred upon the closing of the transaction to
To the extent there are participants in the above mentioned plans PSP 2018-2020 and PSP 2019-2021 and in DSUP 2018-2020 and DSUP 2019-2021, who will after the partial demerger of Metso continue at the service of the present company, to be renamed
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Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in
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