Metsä Board Corporation’s directed share issue without consideration for the payment of the rewards under the share plan for the restriction period 2022–2024
Metsä Board Corporation Stock exchange release Changes in company’s own shares 24 October 2024 9.05 a.m. EET
The Board of Directors of Metsä Board Corporation ("the Company") has today decided on a directed share issue without consideration for the payment of the rewards under the Company’s long-term restricted share plan 2020-2024 (restriction period 2022-2024) based on the authorisation to the Board of Directors granted by the Annual General Meeting on 26 March 2024.
In the share issue, 11,394 series B shares held by the Company will be issued in deviation from shareholders' pre-emptive rights to one key employee included in the share plan in accordance with the terms and conditions of the plan. The shares will be issued to the recipient 25 October 2024. No new shares will be issued under the plan and the share issue will therefore not have a dilutive effect. Prior to the directed share issue, the Company holds a total of 477,890 series B shares as treasury shares, of which 466,496 will remain in the possession of the Company after the directed share issue.
Further information on Metsä Board’s remuneration and incentive schemes is available at: https://www.metsagroup.com/metsaboard/investors/corporate-governance/compensation/
METSÄ BOARD CORPORATION
Further information:
Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101
Eeva Impiö-Loimaala, General Counsel, tel. +358 44 040 3877
Metsä Board
metsagroup.com/metsaboard
Metsä Board is a producer of lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a safe, renewable and recyclable resource, that can be traced back to northern forests. We aim to have completely fossil free mills and raw materials by the end of 2030. We promote a culture of diversity, equality and inclusion.
Metsä Board is listed on the Nasdaq Helsinki. In 2023 our sales totalled EUR 1.9 billion, and we have around 2,300 employees. Metsä Board is part of Metsä Group, whose parent company Metsäliitto Cooperative is owned by more than 90,000 Finnish forest owners. The sales of the whole Metsä Group were EUR 6.1 billion.