Uponor Corporation starts repurchasing own shares for its incentive plans

Uponor Corporation     Stock exchange release     28 October 2021     8.05 EET

Uponor Corporation starts repurchasing own shares for its incentive plans

The Board of Directors of Uponor Corporation has decided to start repurchasing the company’s own shares in one or several instalments on the basis of the authorisation given by the Annual General Meeting on 18 March 2021. The shares shall be repurchased to be used as part of the company’s long-term incentive plans. The maximum number of shares to be acquired is 500,000. The maximum total amount to be used for the repurchase is €15 million. The shares shall be acquired in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of the purchase. The share repurchase shall start on 1 November 2021 at the earliest, and end by 31 December 2021, at the latest.

The Annual General Meeting held on 18 March 2021 authorised the Board of Directors to decide on the repurchase of a maximum of 3,500,000 of the company’s own shares (approx. 4.8% of all shares of the company) in one or several instalments. Own shares shall be repurchased with funds from the company’s unrestricted shareholders’ equity.

The total number of shares in Uponor Corporation is 73,206,944. At the moment, the total number of shares in the company’s possession is 134,206.

Uponor Corporation

Susanna Inkinen
Vice President, Communications and Corporate Responsibility
Tel. +358 20 129 2081

Nasdaq Helsinki

Uponor in brief
Uponor is rethinking water for future generations. Our offering, including safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure, enables a more sustainable living environment. We help our customers in residential and commercial construction, municipalities and utilities, as well as different industries to work faster and smarter. Uponor employs about 3,700 professionals in 26 countries in Europe and North America. In 2020, Uponor's net sales totalled approximately €1.1 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com