Displaying items by tag: Pöyry

Pöyry PLC's Q1 interim result will be published 21 April 2010 at 8:30 a.m. Finnish time. News conferences will be held as follows:

- A conference in Finnish will be arranged at 12 p.m. Finnish time at Restaurant Savoy, Eteläesplanadi 14, Helsinki, Finland.

- An international conference call and webcast in English will begin at 5:00 p.m. Finnish time (EET).

10:00 a.m. US EDT (New York)

3:00 p.m. GMT (London)

4:00 p.m. CET (Paris)

5:00 p.m. EET (Helsinki)

The webcast may be followed online on the company's website www.poyry.com. A replay can be viewed on the same site the following day.

To attend the conference call please dial

US: +1 334 323 6201

Other countries: +358 9 2313 9201

Conference id: 862903

Due to the live webcast, we kindly ask those attending the international conference call and webcast to be present 5 minutes prior to the start of the event.

Additional information by:

Peggy Hagberg, Executive Assistant Investor Relations

+ 358 (0)10 3322629

Published in Financial News

We Energies, Milwaukee, Wisconsin has awarded Pöyry the engineering contract for a EUR 185 million capital project for a new 50 MW biomass cogeneration plant to be constructed at the Domtar paper mill facility in Rothschild, Wisconsin. The value of Pöyry's assignment is estimated at approximately EUR 6.5 million. Construction for the new facility is planned to start in the spring of 2011 with the biomass cogeneration facility in operation in late 2013. Pöyry's contract also includes an option for construction supervision, procurement and commissioning services.

The new cogeneration facility will be designed to provide steam to the Domtar paper mill and is capable of providing a nominal power generation of 50 MW. The plant will utilise wood, wood waste and wood shavings to produce electricity and will be designed with the best available control technology to meet strict emission standards.

Pöyry's assignment includes complete detail engineering. The biomass power plant will utilise the latest boiler and turbine technology to aid We Energies in meeting their renewable energy commitment. Pöyry brings We Energies an excellent resource for global knowledge and experience with local presence and know-how in Wisconsin.

PÖYRY PLC

Additional information by:
Esa Ikäheimonen, CFO, Pöyry PLC
Tel. +358 10 33 21586

Larry Londo, President, Pöyry (Appleton) LLC, USA
Tel. +1 920 954 2000

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

www.poyry.com

Published in North American News

Aguas Nacionales S.A. ESP, a subsidiary of Empresas Públicas de Medellín has awarded Pöyry and its local partner a contract covering assistance during the tender and construction phases of a 2.5 million PE wastewater treatment plant in Medellín and Bello, Colombia. Pöyry's share of the contract is EUR 3.0 million and its duration is four years.

The wastewater treatment plant includes biological treatment by activated sludge and fine bubble aeration, sludge digestion and energy recovery, odor control, as well as the complete complementary infrastructure. The plant can be considered to be one of the most efficient and modern treatment plants in Latin America, with comparable standard to Western Europe.

Pöyry will provide overall assistance to the project owner including complementary studies, adjustments to the tender documents, support during the tender phase and contract award of the construction works to a general contractor. The construction will include the complete turn-key execution of the civil works and electro-mechanical installations, as well as the commissioning of the plant.

The total investment for the construction of the wastewater treatment plant is estimated to be over EUR 200 million.

PÖYRY PLC

Additional information by:

Martin Bachmann, President, Water & Environment Business Group

Tel. +41 44 355 5555

Christoph Theune, Senior Vice President, Pöyry Environment GmbH, Germany

Tel. +49 621 8790-306

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:

Major media

www.poyry.com

Published in South American News

Pöyry has been awarded a consulting services contract for providing institutional support to the Rural Energy Agency (REA) in Tanzania. The assignment includes two phases of services with a total value of about EUR 1.2 million.

The first phase covers two years and will commence in March 2010. The overall objective of the assignment is to provide technical assistance in developing and building the technical and institutional capacity of the REA to efficiently and effectively carry out its obligations.

The specific objectives of the first phase are to have the institutional set-up required for implementation and monitoring of the Government's policy for rural energy in place and to ensure that sustainable capacity within the REA to execute its obligations in the short and long term has been developed.

Pöyry will assist the Rural Energy Board in soliciting proposals for external funding. Assistance will also be provided in developing guidance and methods for preparation of bid packages for rural energy projects. Criteria for subsidy allocation and other strategic conditions for successful provision of modern energy services in rural areas will be reviewed. Of particular importance is the development of cooperation procedures between the REA and the regulator, EWURA. Procedures for sequencing of licensing and subsidy awards will be elaborated with EWURA.

Pöyry has extensive experience in the development of institutional frameworks and policy for the promotion of rural energy activities in Western, Southern and Eastern Africa and Asia.

Additional information by:

David Cox, Managing Director, Pöyry Energy Ltd, UK
Tel +44 1865 81 22 27

Therése Hindman Persson, Managing Director, Pöyry Management Consulting (Sweden) AB
Tel: +46 70 482 11 56

Published in European News

Pursuant to Pöyry PLC's stock option programme 2004, 46 400 new shares of the company have been subscribed in February 2010 with stock options 2004A and 2004B. The Board of Directors of Pöyry PLC has approved these subscriptions in its meeting on 11 March 2010. Following these subscriptions, the total number of the company's authorised shares will increase to 59 027 482.

The aim is to have the increase in the number of shares registered in the Trade Register on 19 March 2010. 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 22 March 2010.

The subscription period for stock options 2004A started on 1 March 2007 and will end on 31 March 2010. A total of 412 608 shares have been subscribed with stock options 2004A by 11 March 2010 and available for subscription are a total of 247 392 shares.

The subscription period for stock options 2004B started on 1 March 2008 and will end on 31 March 2011. A total of 136 028 shares have been subscribed with stock options 2004B by 11 March 2010 and available for subscription are a total of 523 972 shares.

The subscription period for stock options 2004C started on 1 March 2009 and will end on 31 March 2012. No shares have been subscribed with stock options 2004C by 11 March 2010 and thus 880 000 shares are available for subscription.

The terms and conditions of stock options 2004 and further information on the stock option programme are available on the company's web site www.poyry.com.

PÖYRY PLC

Additional information by:
Sanna Päiväniemi, Director, Investor Relations, Pöyry PLC
tel. +358 10 33 23002

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).

Related Article:- Decisions made by the Annual General Meeting of Pöyry PLC

Published in Financial News
Tagged under

The Annual General Meeting ("AGM") of Pöyry PLC has on 11 March 2010 made the following decisions:

The AGM adopted Pöyry PLC's financial statements and the consolidated statements and granted the members of the Board of Directors, the company's President and CEO, and the Deputy to the President and CEO discharge from liability for the financial period 1 January to 31 December 2009.

The AGM resolved that a dividend of EUR 0.10 be distributed per outstanding share for the financial year 2009. The record date for distribution of dividend is 16 March 2010 and the payment date is 23 March 2010.

The AGM resolved that the Board of Directors consist of seven (7) ordinary members. The AGM elected the following members to the Board of Directors: Henrik Ehrnrooth, Pekka Ala-Pietilä, Georg Ehrnrooth, Alexis Fries, Heikki Lehtonen, Michael Obermayer and Karen de Segundo.

The AGM resolved that the annual fees of the members of the Board of Directors be EUR 40 000 for a member, EUR 50 000 for the Vice Chairman and EUR 60 000 for the Chairman of the Board, and that the annual fee of the members of the committees of the Board of Directors be EUR 15 000. In addition, the AGM authorised the Board of Directors to decide about an additional fee of not more than EUR 15 000 per annum for each of the foreign residents of the Board of Directors and an additional fee of not more than EUR 5 000 per annum for each of the foreign residents of the committees. The authorisation shall be in force until the next AGM.

In its assembly meeting immediately following the AGM, the Board of Directors elected Henrik Ehrnrooth as Chairman and Heikki Lehtonen as Vice Chairman. Heikki Lehtonen, Alexis Fries and Georg Ehrnrooth were elected members of the Audit Committee. Henrik Ehrnrooth, Heikki Lehtonen, Karen de Segundo and Pekka Ala-Pietilä were elected members of the Nomination and Compensation Committee. In accordance with the authorisation by the AGM the Board resolved to pay an additional fee of EUR 15 000 per annum to the foreign residents of the Board of Directors and an additional fee of EUR 5 000 per annum to the foreign residents of the committees.

KPMG Oy Ab, Authorised Public Accountants, continues as Pöyry PLC's auditors based on the resolution made in the AGM on 6 March 2002. Sixten Nyman, Authorised Public Accountant, continues as responsible auditor.

Resolution to amend the Articles of Association

The AGM resolved to amend Section 8 of the Articles of Association concerning the notice to general meetings so that notice shall be delivered to shareholders at the earliest three months and at the latest 21 days prior to the general meeting by publishing the notice on the company's web site and, if so decided by the Board of Directors, in one newspaper with a wide circulation determined by the Board of Directors. The notice shall nonetheless be delivered to shareholders at the latest nine (9) days prior to the record date of the general meeting.

Authorisation to acquire the company's own shares

The AGM authorised the Board of Directors to decide on the acquisition of the company's own shares with distributable funds on the terms given below. The acquisition of shares reduces the company's distributable unrestricted shareholders' equity.

The company's own shares can be acquired in order to strengthen 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. A maximum of 5 800 000 shares can be acquired. The company's own shares can be acquired in accordance with the decision of the Board of Directors either through public trading or by public offer at their market price at the time of purchase.

The authorisation shall be in force 18 months from the decision of this AGM. The authorisation granted by the previous AGM regarding acquisition of the company's own shares expired simultaneously.

Authorisation to decide on making a donation to the Aalto University

The AGM authorised the Board of Directors to decide on making a donation of a maximum of EUR 300 000 to the Aalto University on terms and conditions to be determined separately by the Board of Directors.

PÖYRY PLC

Additional information by:

Anne Viitala, Executive Vice President, Legal and Commercial, Pöyry PLC
tel. +358 10 33 22811, +358 40 511 6151

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).

Published in Financial News
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