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2017-12-13 13:30:00 CET 2017-12-13 13:30:01 CET BIRTINGARSKYLDAR UPPLÝSNINGAR Uponor - Other information disclosed according to the rules of the ExchangeUponor Board resolves to continue key management incentive planUponor Corporation Stock exchange release 13 December 2017 14:30 EET Uponor Board resolves to continue key management incentive plan The Board of Directors of Uponor Corporation has resolved to continue the key management Performance Share Plan mechanism decided on by the Board in 2014. Approximately 50 Group key managers, including the members of the Executive Committee, belong to the target group covered by the new plan. The purpose of the plan is to continue aligning the objectives of the management and Uponor shareholders in order to increase the value of the company, boost profitable growth and retain the services of participants over the longer term. The plan offers key managers a competitive reward plan based on achieving the company’s strategic profitability and growth targets and provides the opportunity to earn and accumulate Uponor shares. The new plan covers the calendar years 2018—2020. It offers participants an opportunity to earn Uponor shares as a reward for achieving performance targets, which the Board has established for the 3-year performance period. The targets are mainly based on consolidated three-year cumulative Net Sales and three-year EBITDA or EBITDA-based intrinsic value. The potential reward based on the new plan will be paid in 2021, partly in company shares and partly in cash. The cash proportion is intended to cover taxes and tax-related costs which the recipient incurs due to the reward. No reward will be paid if the participant’s employment or service ends before the reward payment. Should the required performance targets be attained in full, the earned reward will correspond to a maximum total of 400,000 Uponor Corporation shares, including the proportion to be paid in cash. The reward to be paid on the basis of the plan will be capped if the limits set by the Board for the share price are reached. The Board recommends that participants continue to hold a considerable portion of the shares received on the basis of the plan until the value of a participant’s shareholding in Uponor reaches the target level set by the Board. The Board requires that the members of the Executive Committee hold a minimum of 50 per cent of the received shares.
Uponor Corporation
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