STOCK EXCHANGE RELEASE 27 Apr 2011
Pöyry initiates share buyback
PÖYRY PLC Company Announcement 27 April 2011 at 8.00 a.m.
On 26 April 2011 the Board of Directors of Pöyry PLC has resolved to commence acquiring the company's own shares. The resolution of the Board of Directors is based on the authorisation granted by the Annual General Meeting on 10 March 2011.
The shares may be acquired in order to develop the company's capital structure, to be used as payment in corporate acquisitions or when the company acquires assets related to its business and as part of the company's incentive programmes in a manner and to the extent decided by the Board of Directors, and to be transferred for other purposes, or to be cancelled.
The shares will be acquired in public trading on NASDAQ OMX Helsinki at their market price at the time of purchase. The share buyback will begin on 5 May 2011 at the earliest. The shares may be acquired until 10 December 2011.
The company holds 276,128 own shares of the company.
Additional information by:
Anne Viitala, Executive Vice President, Legal and Commercial
Tel. +358 10 33 22811
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).
NASDAQ OMX Helsinki