Published:
2015-02-12 07:12:00 CET
Uponor Corporation
Company Announcement

Directed share issue under the management share-based incentive plan for 2012-2014

Uponor Corporation               Stock exchange release               12 February 2015      8:12 EET

Directed share issue under the management share-based incentive plan for 2012-2014

Based on the authorisation granted by the Annual General Meeting on 15 March 2012, Uponor’s Board of Directors has decided on a directed share issue to the company’s management, as part of the long-term share-based incentive plan 2012-2104. Based on the Board’s decision, Uponor will transfer, without payment, 42,818 of the company’s own shares to 10 key employees, as specified in the rules of the plan.

Share-based incentive programmes are part of Uponor’s total management remuneration package, with the purpose of incentivising and motivating management and aligning the targets of management with shareholders.

The reward in the LTI Plan 2012-2014 consisted of the following parts:
1) The matching share incentive based on own investment with a three year vesting period
2) A performance share plan that depended on the company’s earnings performance over a three-year performance period.
Further details are available in the stock exchange release announced on 2 March 2012.

No new shares will be issued in connection with the plan and therefore the plan will have no diluting effect. Prior to this directed issue, Uponor held a total of 140,378 of its own shares, of which 97,560 remain.

 

Further information: 

Mr Jorma Eloranta, Chair of the Board, e-mail: jorma.eloranta@kolumbus.fi or call requests through: Ms Päivi Dahlqvist, Executive Assistant, Uponor, Tel +358 20 129 211.

 

Uponor Corporation

 

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852

 

DISTRIBUTION:
NASDAQ Helsinki
Media
www.uponor.com

 

Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. The Group employs approx. 4,000 persons, in 30 countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation is listed on NASDAQ Helsinki in Finland. www.uponor.com