Metso Outotec: CEO Pekka Vauramo Received Shares in Corporate Arrangement
Metso Outotec CEO Pekka Vauramo received 55,900 company shares on June 30, 2020, as part of a corporate arrangement. The transaction was registered as an off-venue trade with no price attached.
Helsinki – Metso Outotec announced that its Chief Executive Officer, Pekka Vauramo, received 55,900 shares in the company on June 30, 2020. This transaction was disclosed in accordance with the EU's Market Abuse Regulation.
The shares were transferred outside of a trading venue and carried no cost to Mr. Vauramo. The nature of the transaction is described as 'demerger consideration,' indicating the shares were part of a larger corporate event, likely related to the company's formation.
The volume of shares, 55,900, and their weighted average price of EUR 0.00, signifies a nominal transfer rather than a market purchase. Specific details regarding the valuation or the impact on Mr. Vauramo's overall shareholding were not provided in this disclosure.
Metso Outotec operates globally, providing sustainable technologies, end-to-end solutions, and services for the aggregates, minerals processing, metals refining, and recycling industries. The company aims to enhance customer energy and water efficiency, boost productivity, and mitigate environmental risks.