Uponor Corporation, Stock exchange release, 15 February 2023 at 09:10 am EET
Uponor Corporation’s conveyance of own shares based on the long-term share-based incentive plan
The Board of Directors of Uponor Corporation has decided on a conveyance of own shares without consideration based on Uponor’s Performance Share Plan for years 2020–2022 in order to pay the share rewards for the performance period 2020–2022. Uponor has published information about the launch and the terms and conditions of the incentive plan in a stock exchange release on 16 December 2019.
Share-based incentive programmes are part of Uponor’s total management remuneration package, with the purpose of incentivising and motivating management as well as aligning the targets of management with shareholders.
An estimated total of 151,603 of Uponor Corporation's treasury shares will be conveyed without consideration to 30 key employees from the performance period 2020–2022 in accordance with the terms and conditions of the share-based incentive plan.
The decision on the share issue is based on the authorization granted to the Board of Directors by Uponor Corporation’s Annual General Meeting held on 15 March 2022.
The conveyance of the shares will be executed in two sets: an estimated total of 124,016 shares will be transferred on 20 February 2023 and an estimated total of 27,587 shares will be transferred on 26 September 2023.
Following the directed share issues, the treasury shares will total around 406,934 on 20 February 2023 and around 379,347 on 26 September 2023.
Board of Directors
Annika Paasikivi, Chair of the Board of Directors, firstname.lastname@example.org
Contacts through Anniina Myllyperkiö, tel. +358 50 597 0039
Uponor in brief
Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 4,000 professionals in 26 countries in Europe and North America.
In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com