Uponor Corporation Stock exchange release 8 February 2007 12:55
Uponors Board decided on awarding treasury shares
Uponor Corporations Board of Directors has today decided to award
71,500 treasury shares to seven members of the Executive Committee
based on the authorisation of the Extraordinary General Meeting of
27 October 2006.
The award is part of the share based incentive scheme published on
6 May 2004, and it turned out as the maximum award based on the
cumulative EBITA of 2004 2006. The awarded number of shares also
contains a premium of 10% within the rules of the share based
incentive scheme due to attainment of other long-term goals. Further,
the company will pay a cash compensation to cover taxes arising out of
the award.
The transfer of the awarded shares to the recipients book entry
accounts takes place during February.
For additional information, please contact:
Chairman of the Board Pekka Paasikivi, tel. +358 50 501 0666
Uponor Corporation
Communications
Tel. +358 20 129 2854
DISTRIBUTION
Helsinki Stock Exchange
Media
www.uponor.com