The Board of Directors of Pöyry PLC resolved on an incentive plan for key personnel
(Thomson Reuters ONE) -
PÖYRY PLC Company Announcement 8 February 2011 at 8.15 a.m.
The Board of Directors of Pöyry PLC has approved a new share-based incentive
plan for the Pöyry Group key personnel.
The plan includes earning periods which commence at the beginning of years
2011, 2012 and 2013. The first earning period is calendar years 2011-2013. The
Board of Directors will annually decide on the details of the earning periods
commencing in 2012 and 2013.
The potential reward from the plan for the earning period 2011-2013 will be
based on the Group's Earnings per Share before restructuring costs (EPS) and Net
Sales, as well as on the continuance of employment or service. The rewards
earned on the basis of earning period 2011-2013 will be paid partly in the
Company's shares and partly in cash in 2014.
The incentive plan is directed to approximately 300 people. The rewards to be
paid on the basis of the earning period 2011-2013 will correspond to a maximum
total of 475,000 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 2011-2013 will correspond to a maximum
total of 950,000 Pöyry PLC shares. These numbers of shares include also the
proportion of reward to be paid in cash.
PÖYRY PLC
Additional information by:
Camilla Grönholm, Executive Vice President, Human Resources, Pöyry PLC, Finland
Contacts: Heli Uusnäkki, tel. +358 10 33 21158
Pöyry is a global consulting and engineering company dedicated to balanced
sustainability. We offer our clients integrated management consulting, total
solutions for complex projects and efficient, best-in-class design and
supervision. Our in-depth expertise extends to the fields of energy, industry,
urban & mobility and water & environment. Pöyry has 7000 experts operating in
about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR
674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry
PLC: POY1V).
DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pöyry Oyj via Thomson Reuters ONE
[HUG#1486331]
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 51174
Anzahl Zeichen: 3014
contact information:
Town:
Vantaa
Kategorie:
Business News
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