Uponor - Company Announcement

Uponor Board resolved to continue key management incentive plan

Uponor Corporation         Stock exchange release       14 December 2015   
15:30 EET 

Uponor Board resolved to continue key management incentive plan

The Board of Directors of Uponor Corporation has resolved to continue the key
management Performance Share Plan mechanism resolved by the Board in 2014. 
Approximately 25—30 Group key managers, including the members of the Executive
Committee, belong to the target group of 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 the 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 earning and accumulating Uponor shares. 

The new plan covers the calendar years 2016—2018. It offers the 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,
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 2019, 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 300,000 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 requires that
participants hold a minimum of 50 per cent, and 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. 

Uponor Corporation
Board of Directors

For further information, please contact:
Jorma Eloranta, Chair of the Board, jorma.eloranta@kolumbus.fi


Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852


DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com

Uponor is a leading international provider of plumbing and indoor climate
solutions for residential and commercial building markets across Europe and
North America. In Northern Europe, Uponor is also a prominent supplier of
infrastructure pipe systems. The Group employs approx. 3,800 persons, in 30
countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation
is listed on Nasdaq Helsinki in Finland. www.uponor.com