Directed share issue related to reward payment of Valmet’s share-based long-term incentive plans
Valmet Oyj’s stock exchange release on June 27, 2023 at 3:00 p.m. EEST
Valmet’s Board of Directors decided on June 20, 2023, on a directed share issue related to the reward payment of Valmet’s share-based long-term incentive plans - Deferred Share Plan and Performance Share Plan, for the performance period 2022.
In the share issue on June 27, 2023, a total of 11,795 Valmet’s treasury shares have been conveyed without consideration to the participants of the plans, in accordance with the terms and conditions of the plans. More information about the share-based long-term incentive plans is available in a stock exchange release published on December 20, 2021.
The directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting held on March 22, 2023.
After the share issue, Valmet Oyj holds a total of 367,490 treasury shares.
Further information, please contact:
Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020
VP, Investor Relations
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions, we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. Valmet’s net sales in 2022 were approximately EUR 5.1 billion.
Valmet’s shares are listed on the Nasdaq Helsinki, and the head office is in Espoo, Finland.