Displaying items by tag: shares
MAYR-MELNHOF KARTON - Cancellation of treasury shares
The Management Board and the Supervisory Board of Mayr-Melnhof Karton AG will propose to the 16th Ordinary Shareholders’ Meeting, held on April 28, 2010, a simplified reduction of the Company’s share capital by EUR 8,000,000 to EUR 80,000,000 via cancellation of 2 million treasury shares. The purpose of this capital decrease is a reduction in the number of treasury shares. Of 22 million issued shares 2,015,260 shares (9.16 %) are currently held by the company as treasury stock.
For further information please contact:
Stephan Sweerts-Sporck, Investor Relations, Mayr-Melnhof Karton AG, Brahmsplatz 6, A-1041 Vienna
Tel.: (+43/1) 50136 – 91180, Fax: (+43/1) 50136 – 91195
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Website: http://www.mayr-melnhof.com
Conversion of shares
According to SCA's articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.
In February, at the request of shareholders, 5,300 Class A shares were converted to Class B shares. The total number of votes in the company thereafter amounts to 1,632,380,571.
The total number of registered shares in the company amounts to 705,110,094, of which 103,030,053 are Class A shares and 602,080,041 are Class B shares.
Stockholm, 26 February 2010
For further information please contact
Petter Tiger, Press & Media Officer, +46 8 788 53 62
Metso has completed the buyback of 300,000 shares for its Share Ownership Plans
Metso's decision announced on February 8, 2010 to repurchase a maximum number of 300,000 Company's own shares has been fully executed. The share repurchases relate to the Company's incentive programs announced earlier (Metso Share Ownership Plans 2009-12) 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 23.47 euro and the total amount 7,040,303.60 euro. At the moment, Metso Parent Company holds 709,617 its own shares.
Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com
For further information, please contact:
Pekka Hölttä, Senior Vice President, Corporate Treasurer, Metso Corporation, tel. +358 20 484 3195
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253