Uponor - Decisions of general meeting

Resolutions by Uponor Corporation’s Annual General Meeting

Uponor Corporation      Stock exchange release        19 March 2014       
18.10 EET 


Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation's Annual General Meeting approved the proposed dividend of
€0.38 per share for 2013. The existing Board members were re-elected, with the
exception of Jari Paasikivi, who was succeeded by Annika Paasikivi as a new
member of the Board. The AGM approved all Board and Nomination Board proposals,
including the authorisation to repurchase own shares. The proposals can be
viewed in detail at www.uponor.com > Investors. 

The AGM adopted the financial statements and the consolidated financial
statements for 2013, and released the Board members and the President and CEO
from liability. 

In his opening remarks, the Chairman of the Board, Jari Paasikivi stated that
the Board proposes a share repurchase authorisation but did not consider
initiating the buyback yet. 

The dividend will be paid out on 31 March 2014, the record date being 24 March
2014. 
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. 


Election of Directors and the Auditor

Existing Board members Jorma Eloranta, Eva Nygren, Timo Ihamuotila, Jari
Rosendal and Rainer S. Simon were re-elected. Ms Annika Paasikivi (b. 1975) was
elected as a new member. Paasikivi acts as COO of Oras Invest Ltd. 

Deloitte and Touche Oy, authorised public accountants, was re-elected as the
auditor of the corporation. 


Board remuneration

The annual remuneration of the Board remained unchanged, with one exception:
the remuneration of the chairman of the Audit Committee was increased to the
same level as that of the Deputy Chairman of the Board. The annual fees are
thus: €71,000 for the Chairman, €49,000 for the Deputy Chairman, €49,000 for
the Chairman 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 paid to
Board members for all board and committee meetings. 


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. The Group employs approx. 4,100 persons, in 30
countries. In 2013, Uponor's net sales exceeded €900 million. Uponor
Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.