Uponor - Company Announcement

Uponor Board decides on a directed share issue, for the transfer of shares under the management incentive programme for 2007–2011

Uponor Corporation                Stock exchange release                    15
March 2012 18.42 EET 


Uponor Board decides on a directed share issue, for the transfer of shares
under the management incentive programme for 2007-2011 

Based on the authorisation granted by the AGM earlier today, the Board resolved
on a directed share issue without payment and decided to transfer 19,622 of the
company's own shares, held by the company, to current and former Executive
Committee members, as specified in the rules of the Long-Term Incentive
programme. The LTI programme was part of Uponor's total management remuneration
package, with the purpose of incentivising and motivating management and
aligning the targets of management with shareholders. 

The reward amount was based on the cumulative development of Uponor
Corporation's EBITA during 2007-2011. Consequently, one Matching Share was
awarded for each Contribution Share that the participants acquired themselves.
Further, the company shall defray the cash payment of taxes arising out of or
in connection with awarding the Matching Shares. 

The international management LTI programme, running from 2009 to 2011, did not
award any shares. 

Prior to this directed issue, Uponor held a total of 160,000 of its own shares,
of which 140,378 remain. 



Further information:
Reetta Härkki, General Counsel, Tel. +358 20 129 2835



Uponor Corporation


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



DISTRIBUTION:
NASDAQ OMX - 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. Uponor offers its customers solutions that are
sustainable and safe and reliable to own and operate. The Group employs approx.
3,200 persons, in 30 countries. In 2011, Uponor's net sales totalled ca €800
million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland.
http://www.uponor.com.