STOCK EXCHANGE RELEASE 7 Mar 2013
Pöyry PLC: Value of Pöyry's share-based incentive plan for the year 2013
PÖYRY PLC Company Announcement 7 March 2013 at 6.50 p.m.
On 7 March 2013 the Board of Directors of Pöyry PLC has resolved on the number of shares of the plan for key personnel for the year 2013.
The rewards to be paid on the basis of the earning period commencing in 2013 will correspond to a maximum total of 300,000 Pöyry PLC shares if the target performance set by the Board of Directors is met. If the Company's performance exceeds the target and reaches maximum performance, as defined by the Board of Directors, the rewards to be paid on the basis of the earning period commencing in 2013 will correspond to a maximum total of 600,000 Pöyry PLC shares.
The potential reward from the plan for the earning period commencing in 2013 will be based on the Group's Earnings per Share before restructuring costs (EPS) as well as on the continuance of employment or service. The potential rewards earned on the basis of this earning period will be paid partly in the Company's shares and partly in cash in 2016.
Jane Piper, Director, Human Resources (interim), Pöyry PLC
Tel. +41 76 356 2147
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and locally in our core markets. We deliver strategic advisory and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation, water and real estate sectors. Pöyry has an extensive local office network employing about 7,000 experts. Pöyry's net sales in 2012 were EUR 775 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).