Stock options 2004
The Annual General Meeting on 3 March 2004 decided to issue stock options to the management of the Group and to a wholly-owned subsidiary of Pöyry PLC.
According to the original terms, the stock options entitle to subscription of a maximum of 550 000 shares in Pöyry PLC, and each stock option entitles the holder to subscribe one share in the company. Because of the share split, the General Meeting on 7 March 2006 decided to amend the terms and conditions of the stock options issued in 2004 accordingly. Each stock option will entitle the holder to subscribe four (4) shares in the company with an accounting par value of EUR 0.25 each, with the total subscription price remaining unchanged.
Should all stock options be used for subscription of shares, the new shares will equal 3.8 per cent of the total number of shares after the subscription. All stock options have been issued and their receipt confirmed. 30 persons are included in the option programme.
The share subscription price for stock option 2004A is the trade volume weighted average quotation of the Pöyry PLC share on the OMX Nordic Exchange in Helsinki between 1 April and 30 April 2004 with an addition of 20 per cent, for stock option 2004B the trade volume weighted average quotation of the Pöyry PLC share on the OMX Nordic Exchange in Helsinki between 1 April and 30 April 2005 with an addition of 20 per cent, and for stock option 2004C the trade volume weighted average quotation of the Pöyry PLC share on the OMX Nordic Exchange in Helsinki between 1 April and 30 April 2006 with an addition of 20 per cent. From the share subscription price of stock options shall, as per the dividend record date, be deducted the amount of the dividend paid after 1 April 2004 but before share subscription. The share subscription price shall nevertheless always amount to at least the accounting par value of the share.
| Option |
Number of shares |
Subscription period |
Original subscription price, EUR |
Subscription price on 13 March 2008 |
| Stock option 2004A |
660 000 |
1 March 2007 - 31 March 2010 |
6.66 |
4.76 |
| Stock option 2004B |
660 000 |
1 March 2008 - 31 March 2011 |
7.40 |
5.50 |
| Stock option 2004C |
880 000 |
1 March 2009 - 31 March 2012 |
10.78 |
8.88 |
Terms and conditions of stock options 2004 |
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