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2009-04-29 12:01:00 CEST 2009-04-29 12:01:00 CEST REGULATED INFORMATION Uponor - Company AnnouncementUponor re-establishes Board committeesUponor Corporation Investor information 29 April 2009 Uponor re-establishes Board committees Uponor Corporation's Board of Directors today made a decision to re-establish its two committees, i.e. the audit committee and the nomination committee, in alignment with a similar decision made in December 2008. Both committees have the same charters as earlier. The audit committee comprises Jari Paasikivi, Aimo Rajahalme (chairman) and Jorma Eloranta. The nomination committee will be appointed later. Uponor will deviate from the Finnish Corporate Governance Code recommendation by requesting the three largest shareholders, as per 31 July 2009, each appoint one member to the nomination committee. The members shall appoint the chairman from amongst themselves. In addition, the Board appointed its Chairman of the Board as an expert member of the nomination committee. Taking the company's ownership structure into account, the Board's view is that a model in which the largest shareholders nominate the members of the nomination committee will best serve the interests of the shareholders as well as the goal of transparency. The Board further resolved that it will continue to fulfil the duties of the remuneration committee itself, thus no separate remuneration committee will be established. Details of the Board and its committees can be found under www.uponor.com > Investors > Administration. Tarmo Anttila Vice President, Communications Tel + 358 20 129 2852 DISTRIBUTION: NASDAQ OMX Helsinki Media www.uponor.com Uponor is a leading supplier of plumbing and heating systems for the residential and commercial building markets across Europe and North America and a market leader in municipal infrastructure pipe systems in the Nordic countries. Uponor's key applications include indoor climate and tap water systems. The Group employs ca 3,800 persons in 27 countries. In 2008, Uponor's net sales totalled 950 million euros. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd., Finland. http://www.uponor.com |
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