ESPOO, Finland, March 18, 2003 (PRIMEZONE) -- Metsa Tissue Corporation's Annual General Meeting, held on March 18, 2003, adopted the consolidated and parent company profit and loss accounts and balance sheets for 2002 and granted freedom from responsibility to the members of the Board of Directors and the company's Chief Executive Officer. The Meeting decided that Metsa Tissue Corporation would not distribute a dividend for 2002 and that the profit for the period would be transferred to the retained earnings account.
The Meeting decided that the Board of Directors would have six members. The following members were re-elected: Antti Oksanen, Arimo Uusitalo, Ari Heinio, Jouko M. Jaakkola, Curt Lindbom and Jussi Lansio. The Board elected from among its number Antti Oksanen as its Chairman and Arimo Uusitalo as its Vice Chairman. The term of office of the members of the Board extends until the end of the Annual General Meeting to be held in 2004.
PricewaterhouseCoopers Oy (Authorized Public Accountants) were re- elected as the company's auditors, with Goran Lindell (APA) responsible for the audit.
Timo Suuriniemi, Chief Financial Officer, tel. +358 10 469 4580 Mobile: +358 50 560 8271
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