Proposal to authorise the Board of Directors to decide on the ... - Pöyry

PROPOSAL BY THE BOARD OF DIRECTORS TO AUTHORISE THE BOARD OFDIRECTORS TO DECIDE ON THE ISSUANCE OF SHARES AND SPECIAL RIGHTSENTITLING TO SHARESThe <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs proposes that <strong>the</strong> Annual General Meeting <strong>authorise</strong> <strong>the</strong> <strong>Board</strong><strong>of</strong> Direc<strong>to</strong>rs <strong>to</strong> <strong>decide</strong> <strong>to</strong> issue new shares and <strong>to</strong> convey <strong>the</strong> Company’s own sharesheld by <strong>the</strong> Company in one or more tranches. The share issue can be carried out as ashare issue against payment or without consideration on terms <strong>to</strong> be determined by <strong>the</strong><strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs and in relation <strong>to</strong> a share issue against payment at a price <strong>to</strong> bedetermined by <strong>the</strong> <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs.The <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs proposes that <strong>the</strong> authorisation also include <strong>the</strong> right <strong>to</strong> issuespecial rights, in <strong>the</strong> meaning <strong>of</strong> Chapter 10 Section 1 <strong>of</strong> <strong>the</strong> Companies Act, whichentitle <strong>to</strong> <strong>the</strong> Company's new shares or <strong>the</strong> Company's own shares held by <strong>the</strong>Company against consideration.A maximum <strong>of</strong> 11 800 000 new shares can be issued. A maximum <strong>of</strong> 5 900 000 ownshares held by <strong>the</strong> Company can be conveyed.The <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs proposes that <strong>the</strong> authorisation comprise a right <strong>to</strong> deviatefrom <strong>the</strong> shareholders' pre-emptive subscription right provided that <strong>the</strong> Company hasan important financial reason for <strong>the</strong> deviation in a share issue against payment andprovided that <strong>the</strong> Company taking in<strong>to</strong> account <strong>the</strong> interest <strong>of</strong> all its shareholders has aparticularly important financial reason for <strong>the</strong> deviation in a share issue withoutconsideration. The authorisation can within <strong>the</strong> above mentioned limits be used e.g. inorder <strong>to</strong> streng<strong>the</strong>n <strong>the</strong> Company’s capital structure, <strong>to</strong> broaden <strong>the</strong> Company’sownership, <strong>to</strong> be used as payment in corporate acquisitions or when <strong>the</strong> Companyacquires assets relating <strong>to</strong> its business and as part <strong>of</strong> <strong>the</strong> Company’s incentiveprogrammes. It is proposed that shares may also be subscribed for or own sharesconveyed against contribution in kind or by means <strong>of</strong> set-<strong>of</strong>f.In addition <strong>the</strong> <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs proposes that <strong>the</strong> authorisation includes <strong>the</strong> right <strong>to</strong><strong>decide</strong> on a share issue without consideration <strong>to</strong> <strong>the</strong> Company itself so that <strong>the</strong> amoun<strong>to</strong>f own shares held by <strong>the</strong> Company after <strong>the</strong> share issue is a maximum <strong>of</strong> one tenth(1/10) <strong>of</strong> all shares in <strong>the</strong> Company. Pursuant <strong>to</strong> Chapter 15 Section 11 Subsection 1<strong>of</strong> <strong>the</strong> Companies Act, all own shares held by <strong>the</strong> Company and its subsidiaries areincluded in this amount.The <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs is <strong>authorise</strong>d <strong>to</strong> resolve on all o<strong>the</strong>r terms and conditionsregarding <strong>the</strong> issuance or conveyance <strong>of</strong> shares and special rights entitling <strong>to</strong> shares.The authorisation shall be effective for a period <strong>of</strong> 18 months from <strong>the</strong> decision <strong>of</strong> <strong>the</strong>Annual General Meeting. The authorisation granted <strong>to</strong> <strong>the</strong> <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rsregarding issuing shares in <strong>the</strong> previous Annual General Meeting shall expiresimultaneously.

2The decision by <strong>the</strong> General Meeting shall be supported by shareholders with at leasttwo-thirds <strong>of</strong> <strong>the</strong> votes cast and <strong>the</strong> shares represented at <strong>the</strong> meeting.Vantaa, February 5, 2013Pöyry PLCThe <strong>Board</strong> <strong>of</strong> Direc<strong>to</strong>rs