Uponor Corporation: Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation     Stock exchange release     13 March 2018     17:00 EET

Resolutions by Uponor Corporation's Annual General Meeting

Uponor Corporation's Annual General Meeting approved the proposed dividend of
€0.49 per share for 2017. The existing Board members were re-elected, with the
exception of Jorma Eloranta and Jari Rosendal who were succeeded by Johan Falk
and Casimir Lindholm as new members of the Board. Annika Paasikivi was 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 https://investors.uponor.com. 

The AGM adopted the financial statements and the consolidated financial
statements for 2017, 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. 

A dividend of €0.49 per share be distributed for the financial period 2017. The
dividend shall be paid in two instalments. The first instalment of €0.24 per
share shall be paid to a shareholder registered as a shareholder in the
shareholder register maintained by Euroclear Finland Ltd on the record date of
the dividend payment on 15 March 2018. The payment date for this instalment is
22 March 2018. 

The second instalment of €0.25 per share shall be paid in September 2018. The
second instalment shall be paid to a shareholder registered as a shareholder in
the shareholders register maintained by Euroclear Finland Ltd on the dividend
record date, which, together with the payment date, shall be decided by the
Board of Directors in its meeting scheduled for 4 September 2018. The dividend
record date for the second instalment would be 6 September 2018 and the
dividend payment date 13 September 2018, unless the renewal of the securities
processing infrastructure by Euroclear Finland Ltd brings the dividend payment
day a few days earlier. 

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 Annika Paasikivi (chair), Markus Lengauer, Eva Nygren
and Pia Aaltonen-Forsell were re-elected. Swedish citizen Johan Falk and
Finnish citizen Casimir Lindholm were elected as new members. 

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

Board remuneration

The annual remuneration of the Board is as follows: €90,000 for the Chair of
the Board, €51,000 for the Deputy Chair of the Board, €51,000 for the Chair of
the Audit Committee and €46,000 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. This fee amounts to €600 for meetings held at the country
of residence of the member, €1,200 for meetings held elsewhere on the same
continent, and €2,400 for meetings held on another continent. The remuneration
for telephone meetings shall be the remuneration for meetings held at the
country of residence of the member. In addition, a remuneration of €600 shall
be paid to the Chair of the Board for each Board meeting and to the Chairs of
the Board committees for each respective committee meeting. 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. [phone]

Uponor Corporation

Tarmo Anttila
Vice President, Communications
Tel. [phone]

DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com
www.investors.uponor.com

Uponor in brief

The year 2018 marks Uponor's 100-year anniversary. Our success is built on
strong partnerships with our customers and stakeholders in the past, present
and future. 

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 4,000 employees in 30 countries, mainly in Europe and North
America. In 2017, Uponor's net sales totalled nearly €1.2 billion. Uponor is
based in Finland and listed on Nasdaq Helsinki. Uponor builds on you -
www.uponor.com