Business News
Metso has completed the buyback of 300,000 shares for its Share Ownership Plan
Monday 02. March 2009 - Metsos decision announced on February 4, 2009 to repurchase a maximum number of 300,000 Company's own shares has been fully executed.
The share repurchases relate to the Companys incentive program announced in October 2008 (Metso Share Ownership Plan 2009-11) to be used as potential reward payments in accordance with the Plan criteria.
Own shares were purchased with the Company’s distributable funds thus reducing the Company’s distributable non-restricted equity. Shares were purchased at market price in public trading on the NASDAQ OMX in Helsinki Exchange. The average purchase price per share was 8.28 euro and the total amount 2,483,495.48 euro. At the moment, Metso Parent Company holds 360,841 its own shares.