Stock Exchange release
6 November 2008
Uponor extends its share-based incentive scheme to the company's international
management
Uponor's Board of Directors has approved a 3-year incentive scheme for a group
of managers with international business responsibility. To be eligible to
participate in the scheme, a manager must acquire a specific number of Uponor
shares, as defined under the scheme, by the end of August 2009. Depending on
the achievement of the company's financial targets during the years 2009-2011,
and the number of shares acquired within the scheme, each manager is eligible
to be awarded Uponor shares in the spring of 2012.
The new scheme extends the scope of persons with a share-based incentive scheme
from the existing programme involving the company's Executive Committee, which
will also fall due in 2012.
Further information:
CEO Jyri Luomakoski, tel. +358 40 515 4498
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