Transfer of Metsä Board Corporation’s own shares to pay the rewards under the incentive scheme for the performance period 2021–2023
Metsä Board Corporation Stock Exchange Release Changes in company’s own shares 15 March 2024 at 2:20 p.m. EET
Based on the decision of the Board of Directors of Metsä Board Corporation ("the Company"), a total of 223,325 Company's Series B shares have today been transferred as a reward under the Company's long-term incentive plan for the performance period 2021–2023. The payment of the share bonus was announced on 8 February 2024.
Share: METSB
Number of shares: 223,325
Price/share: Without consideration
The share reward has been paid to the 26 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 share issue without consideration, so the total number of shares in the Company will not change. Prior to the directed share issue, the Company held a total of 701,215 own series B shares, of which after the directed share issue the Company will hold 477,890 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
Marika Sand Kirk, Interim Legal Counsel, tel. +358 40 683 7973
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 Cooperation is owned by around 90,000 Finnish forest owners. The sales of the whole Metsä Group were EUR 6.1 billion.