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STOCK EXCHANGE RELEASE 20 Apr 2011

Pöyry exercises purchase option to acquire Group's Head Office building in Vantaa, Finland

PÖYRY PLC          Company Announcement 20 April 2011 at 4.30 p.m.

 

Pöyry has exercised the purchase option to acquire the Group's Head Office building in Vantaa, Finland for EUR 45.1 million with expected effective date of 31 December 2011. The transaction will reduce Group's contingent rent and lease obligations and once effective will have a positive impact on the net profit, and it is in line with the anticipated relevant IFRS changes.

 

PÖYRY PLC

 

Additional information by:
Jukka Pahta, CFO
tel. +358 10 33 26088

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on the NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).

 

DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com