Members of Uponor's Board of Directors to increase their stake in the company
The Board of Directors elected at Uponor's Annual General Meeting on 15 March
2007, with Pekka Paasikivi as Chairman and Jorma Eloranta, Jari Paasikivi, Aimo
Rajahalme, Anne-Christine Silfverstolpe Nordin and Rainer S. Simon as members,
will increase its shareholding in the company.
The members of the Board will invest ca. EUR 200,000-300,000 each in Uponor
shares, with Oras Invest Oy participating in the financing arrangements. Both
the share acquisition and the financing arrangements are executed with market
terms. This type of model is new to Finnish stock exchange companies.
The Board has firm confidence in the company, and the purpose of this measure
is further to strengthen the Board's identification with the long-term goals of
the shareholders.
The company's strategy and long-term goals were announced last year. Expansion
into new growth areas, the high-rise segment and the cooling business, will
support its striving after new financial goals.
For additional information, please contact:
Pekka Paasikivi, Chairman of the Board of Directors, tel. +358 (0)50 501 0666
Uponor Corporation
Corporate Communications
Tel. +358 (0)20 129 2854
DISTRIBUTION
Helsinki Stock Exchange
Media
www.uponor.com