Uponor Corporation
Investor news
8 December 2008
Uponor bought back 160,000 of its own shares
Uponor Corporation has, in alignment with the share repurchase programme
announced on 6 November 2008, bought back a total of 160,000 of its own shares,
with a combined value of ca EUR 1.2 million at the time of purchase. The
buybacks took place from 17 November till 5 December. The average price of the
shares bought back was EUR 7.28.
Uponor did not hold any treasure shares prior to these buybacks.
In November, Uponor announced that the company's Board of Directors had decided
to initiate a share buyback of a maximum of 200,000 of the company's own
shares, based on the authorisation given by the Annual General Meeting held on
13 March 2008. The justification for the buy-back was the use of the shares as
consideration in connection with the company's share-based incentive
programmes.
Uponor Corporation
Tarmo Anttila
Vice President, Communications
Tel. +358(0)20 129 2852
DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.uponor.com
Uponor is a leading supplier of plumbing and heating systems for the
residential and commercial building markets across Europe and North America,and
a market leader in municipal infrastructure pipe systems in the Nordic
countries. Uponor's key applications include indoor climate and plumbing
systems. The Group employs 4,200 persons in 27 countries. In 2007, Uponor's
net sales (pro forma) totalled 1,050 million euros, returning an operating
profit of 12.9%. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd.,
Finland. http://www.uponor.com