Decisions by the Shareholders' Meeting of the merged Neles Corporation

HELSINKI, June 22, 2022 /PRNewswire/ — The final Shareholders’ Meeting of Neles Corporation (“Neles”), which has merged into Valmet Oyj (“Valmet”), was held today in Vantaa.

The Shareholders’ Meeting adopted the final accounts of Neles in accordance with Chapter 16, Section 17 of the Finnish Companies Act, consisting of the financial statements and annual report for the period January 1 and March 31, 2022.

The Shareholders’ Meeting also resolved on discharging the members of the Board of Directors and the President and CEO of Neles from liability.

Neles was merged into Valmet on April 1, 2022.

Vantaa June 22, 2022

The Board of Directors of the former Neles Corporation

Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020

VALMET

Katri Hokkanen
Interim CFO

Pekka Rouhiainen
Director, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

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.

We aim to become the global champion in serving our customers. Our 17,000 professionals work close to our customers and are committed to improving our customers’ performance – 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. The combined company net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.    

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