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Uponor Oyj — Share Issue/Capital Change 2018
Feb 15, 2018
3245_rns_2018-02-15_93b0e0b7-93bf-4220-bea9-e4a50995eb59.html
Share Issue/Capital Change
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Directed share issue under the management share-based incentive plan for 2015–2017
Directed share issue under the management share-based incentive plan for 2015–2017
Uponor Corporation Stock exchange release 15 February 2018 08.03 EET
Directed share issue under the management share-based incentive plan for 2015–2017
Based on the authorisation granted by the Annual General Meeting on 20 March 2017, 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 2015-2017. Based on the Board’s decision, Uponor will transfer, without payment, 14,365 of the company’s own shares to 11 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 2015-2017 consisted of 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 11 December 2014.
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 59,121 of its own shares, of which 44,756 remain.
Further information:
Mr Jorma Eloranta, Chair of the Board, e-mail: [email protected] or call requests through: Ms Päivi Dahlqvist, Executive Assistant, Uponor, Tel +358 20 129 211
Uponor Corporation
Tarmo Anttila
Vice President, Communications
DISTRIBUTION:
Nasdaq Helsinki
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Uponor in brief
The year 2018 marks Uponor's 100-year anniversary. Our success is built on strong partnerships with our customers and stakeholders in the past, present and future.
Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 4,000 employees in 30 countries, mainly in Europe and North America. In 2017, Uponor's net sales totalled nearly €1.2 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. Uponor builds on you - www.uponor.com