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2007-03-30 09:15:53 CEST 2007-03-30 09:15:53 CEST REGULATED INFORMATION Uponor - Company AnnouncementMembers of Uponor's Board of Directors to increase their stake in the companyMembers 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 |
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