Metsä Board Oyj: 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