Uponor Corporation starts repurchasing own shares for its incentive plans

Uponor Corporation     Stock exchange release     24 October 2018     08:05 EET

Uponor Corporation starts repurchasing own shares for its incentive plans

The Board of Directors of Uponor Corporation has decided to start repurchasing the company’s own shares in one or several instalments on the basis of the authorisation given by the Annual General Meeting on 13 March 2018. The shares shall be repurchased to be used as a part of the company’s long-term incentive plans. The maximum number of shares to be acquired is 200,000. The maximum sum to be used for the repurchase is €2.78 million. The shares shall be acquired in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of purchase. The share repurchase shall start on 26 October 2018 at the earliest, and end by 31 December 2018, at the latest.

The AGM held on 13 March 2018 authorised the Board of Directors to decide on the repurchase a maximum of 3,500,000 of the Company’s own shares (approx. 4.8% of all shares of the company) in one or several instalments. Own shares shall be repurchased with funds from the company’s unrestricted shareholders’ equity.

The total number of shares in Uponor Corporation is 73,206,944. At the moment, the total number of share in the company’s possession is 44,756.

Uponor Corporation

Susanna Inkinen
Vice President, Communications and Corporate Responsibility
Tel. +358 20 129 2081

DISTRIBUTION:
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www.uponor.com
www.investors.uponor.com 

Uponor in brief
The year 2018 marks Uponor's 100-year anniversary. Our success is built on strong partnerships with our customers and stakeholders in the past, present and future.

Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 4,000 employees in 30 countries, mainly in Europe and North America. In 2017, Uponor's net sales totalled nearly €1.2 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. Uponor builds on you - www.uponor.com