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Uponor Oyj Share Issue/Capital Change 2019
3245_rns_2019-02-13_af82a0c1-bc5b-4e10-99ad-4ff657cf8cd5.html
Share Issue/Capital Change
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Disclosure 368351
Uponor - Other information disclosed according to the rules of the Exchange
Directed share issue under the management share-based incentive plan 2016–2018
Uponor Corporation Stock exchange release 13 February 2019 08:10 EET
Directed share issue under the management share-based incentive plan 2016–2018
Based on the authorisation granted by the Annual General Meeting on 13 March 2018, Uponor’s Board of Directors has decided on a directed share issue to company’s management, as a part of long-term share-based incentive plan 2016–2018. Based on Board’s decision, Uponor will transfer without payment 25,229 of the company’s own shares to 16 plan members according to the rules of 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 2016–2018 consisted of a performance share plan that depended on the company’s earnings performance over a three-year performance period.
Further details about the plan is available in the stock exchange release announced on 14 December 2015.
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 244,756 of its own shares, of which 219,527 remain.
Uponor Corporation
Board of Directors
**
For more information, please contact:
**Annika Paasikivi, Chair of the Board of Directors, [email protected]
Uponor Corporation
Susanna Inkinen
Vice President, Communications and Corporate Responsibility
Tel. +358 20 129 2081
DISTRIBUTION:
Nasdaq Helsinki
Media
Uponor in brief
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 2018, 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