Metso stock criteria
May 31, 2004 By Pulp & Paper Canada
Metso Corporation’s board of directors has determined the maximum number of options and earnings criteria by which…
Metso Corporation’s board of directors has determined the maximum number of options and earnings criteria by which year 2003 B stock options can be distributed to key persons of Metso Corporation in the spring of 2005. The maximum number of allowable options to be distributed will be 2,500,000 options.
Metso Corporation’s operating profit percentage, the return on capital employed and earnings per share will serve as the main criteria for distributing stock options. These options can be distributed to the maximum amount if the operating profit percentage for 2004 reaches at least 9%, the return on capital employed reaches at least 20% and earnings per share exceed EUR 1.45.
In addition, the trade-weighted average price of the Metso share on the Helsinki Exchanges during the period January 1-March 31, 2005 must not fall below EUR 10.11.
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