Uponor - Decisions of general meeting

Resolutions by Uponor Corporation’s Annual General Meeting 2017

Uponor Corporation     Stock exchange release     20 March 2017     16.30 EET

Resolutions by Uponor Corporation’s Annual General Meeting 2017

Uponor Corporation’s Annual General Meeting approved the proposed dividend of
€0.46 per share for 2016. The existing Board members were re-elected, with the
exception of Timo Ihamuotila who was succeeded by Pia Aaltonen-Forsell as a new
member of the board. Jorma Eloranta was re-elected Chair of the Board. The AGM
also approved all other Board and Nomination Board proposals, including the
authorisations to repurchase own shares and to issue shares. The proposals can
be viewed in detail at http://investors.uponor.com. 

The AGM adopted the financial statements and the consolidated financial
statements for 2016, and released the Board members and the President and CEO
from liability. 

In his opening remarks, Chair of the Board, Jorma Eloranta stated that the
Board proposes a share repurchase authorisation, but no plans exist to initiate
the buyback. 

The dividend will be paid out on 29 March 2017, the record date being 22 March
2017. 

Held in Helsinki, Finland, the AGM was chaired by Mikko Heinonen,
Attorney-at-Law. 

Authorisation to repurchase the company’s own shares

The Board of Directors was authorised to buy back a maximum of 3.5 million of
the company’s own shares, which equals 4.8 per cent of the total number of
shares of the company. These shares will be bought back using distributable
earnings from unrestricted equity. The authorisation is valid until the end of
the next Annual General Meeting, and for no longer than 18 months. 

Authorisation to resolve on the issuance of shares

The Board of Directors was authorised to resolve on issuing a maximum of 7.2
million new shares or transferring the company’s own shares, amounting in total
to approximately 9.8 per cent of the total number of the shares of the company.
The Board of Directors is authorised to resolve on all the conditions of the
issuance of shares. This authorisation is valid until the end of the next
Annual General Meeting. 

Election of Directors and the Auditor

Existing Board members Jorma Eloranta (chair), Markus Lengauer, Eva Nygren,
Annika Paasikivi (deputy chair) and Jari Rosendal were re-elected. Pia
Aaltonen-Forsell, Finnish citizen, was elected as a new member. 

Audit firm Deloitte & Touche Oy was re-elected as the auditor of the
corporation. 

Board remuneration

The annual remuneration of the Board remained unchanged: the annual fees are:
€88,000 for the Chair of the Board, €49,000 for the Deputy Chair of the Board,
€49,000 for the Chair of the Audit Committee and €44,000 for ordinary members.
Approximately 40% shall be paid in Uponor Corporation shares, bought through
public trading, and the rest in cash. Additionally, a separate fee is to be
paid to Board members for all Board and Committee meetings. Following
established company policy, the company takes out insurance under the Employees
Pensions Act for Board members acting as persons of trust. 



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 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 3,900 employees in 30 countries, mainly in Europe and North
America. In 2016, Uponor's net sales totalled €1.1 billion. Uponor is based in
Finland and listed on Nasdaq Helsinki. www.uponor.com