Transfer of Metsä Board Corporation's own shares to pay the rewards under the incentive scheme for the performance period 2020–2022
Metsä Board Corporation Stock exchange release Changes in company's own shares 15 March 2023 at 4 pm EET
Based on the decision of the Board of Directors of Metsä Board Corporation ("the Company"), a total of 298 785 Company's Series B shares have today been transferred as a reward under the Company's long-term incentive plan for the performance period 2020–2022. The payment of the share bonus was announced on 8 February 2023.
Share: METSB
Number of shares: 298,785
Price/share: Gratuitous
The share reward has been paid to the 25 key employees covered by the incentive scheme in accordance with the terms of the incentive scheme. The share rewards have been paid with the Company's own series B shares held by the Company issued in a directed free share issue, so the total number of shares in the Company will not change. Prior to the directed share issue, the Company held a total of 1,000,000 own series B shares, of which after the directed share issue the Company will hold 701,215 shares.
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 leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests. We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.
Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2022 our sales totalled around EUR 2.5 billion, and we have around 2,250 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.