Pöyry Approves Stock Subscriptions
Vantaa, Finland, 01 December 2008 -- Pursuant to Pöyry PLC's 2004 stock option program, 64,900 new shares of the company have been subscribed in December 2008 with stock options 2004A and 2004B. The board of directors of Pöyry PLC has approved these subscriptions in its meeting on 10 December 2008. Following these subscriptions, the total number of the company's authorized shares will increase to 58,878,602.
The aim is to have the increase in the number of shares registered in the Trade Register on 17 December 2008. According to the terms and conditions of stock options 2004, the subscribed new shares entitle to dividend and other shareholders' rights as of the date of registration of the shares into the Trade Register. The new shares will be joined to the old shares and are expected to be available for public trading on the main list of NASDAQ OMX Helsinki on 18 December 2008.
The subscription period for stock options 2004A started on 01 March 2007, and will end on 31 March 2010. A total of 278,128 shares have been subscribed with stock options 2004A by 10 December 2008. The subscription period for stock options 2004B started on 01 March 2008, and will end on 31 March 2011. A total of 121,628 shares have been subscribed with stock options 2004B by 10 December 2008.
The terms and conditions of stock options 2004 and further information on the stock option program is available on the company's Web site www.poyry.com