Uponor - Company Announcement

Uponor Board resolves to continue key management incentive plan

Uponor Corporation      Stock exchange release    12 December 2016   15.00 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 30 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 2017—2019. It offers participants an
opportunity to earn Uponor shares as a reward for achieving performance
targets, which the Board has established for the three-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 2020, 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 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
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 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 3,700 employees in 30 countries, mainly in Europe and North
America. In 2015, Uponor's net sales totalled €1,050 million. Uponor is based
in Finland and listed on Nasdaq Helsinki. www.uponor.com