Metso Corporation has been informed about an increase in the holding of the mutual funds managed by J.P. Morgan Chase & Co. of the paid up share capital of Metso Corporation. On November 9, 2005, J.P. Morgan Chase & Co 's holdings amounted to 5.33 percent of the paid up share capital of Metso Corporation after being, on the basis of their previous announcement, 4.91 percent on September 1, 2005. The threshold of five percent was crossed on November 9, 2005 when J.P. Morgan Asset Management (UK) Limited acting as a discretionary investment manager for underlying funds purchased 321,756 Metso shares.
According to their announcement, holdings by mutual funds of J.P. Morgan Chase & Co. on November 9, 2005 were as follows:
|
J.P. Morgan Investment Management Inc. |
2,274,755 shares |
|
J.P. Morgan Investment Management Limited |
490,228 shares |
|
J.P. Morgan Trust Bank |
408,000 shares |
|
JP Morgan Fleming Asset Management (Japan) Limited |
10,806 shares |
|
JPMorgan Asset Management (UK) Limited |
2,895,949 shares |
|
JPMorgan Chase Bank |
420,053 shares |
|
J.P. Morgan Investment Management Inc. |
2,200 ADR |
|
J.P. Morgan Securities Ltd. |
1,046,256 ADR |
|
Total |
7,548,247 shares/ADRs |
This holding corresponds to 5.33 percent of the paid up share capital of Metso Corporation.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 22,000 employees in more than 50 countries. Metso's shares are listed on the Helsinki and New York Stock Exchanges.
www.metso.com