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 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.
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Source: Pöyry, February 8, 2011;