STOCK EXCHANGE RELEASE 29 Feb 2016
Pöyry PLC: Value of Pöyry's performance share plan for the year 2016
PÖYRY PLC Company Announcement 29 February 2016 at 12:30 p.m. (EET)
Value of Pöyry's performance share plan for the year 2016
The Board of Directors of Pöyry PLC has resolved on the number of shares of the performance share plan 2014-2016 for key personnel for the year 2016.
The rewards to be paid on the basis of the discretionary period commencing in 2016 will correspond to a maximum total of 400,000 Pöyry PLC shares (gross) 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 discretionary period commencing in 2016 will correspond to a maximum total of 800,000 Pöyry PLC shares (gross).
The potential reward from the plan for the discretionary period commencing in 2016 will be based on the Group's Earnings per Share (EPS) in 2016 as well as on the continuance of employment or service. The potential rewards earned on the basis of this discretionary period will be paid partly in the Company's shares and partly in cash in 2019.
Jaana Rinne, SVP, Human Resources
Tel. +358 10 33 22153
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting 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 and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).