Uponor Corporation will start repurchasing its own shares
Uponor Corporation Stock Exchange Release October 28, 2021 at 8.05 am EET
Uponor Company start buying back own shares in their incentive programs
Uponor Corporation’s Board of Directors has decided to start repurchasing the company’s own shares in one or more tranches based on the authorization given by the Annual General Meeting on March 18, 2021. The shares will be acquired for use as part of the company’s shares. the company’s long-term incentive plans. The maximum number of shares to be repurchased is 500,000 shares. The maximum amount to be used for repurchase is EUR 15 million. The shares will be repurchased in Nasdaq Helsinki Oy’s public trading at the market price at the time of repurchase. The repurchase of shares will start no earlier than November 1, 2021 and end no later than December 31, 2021.
The Annual General Meeting on March 18, 2021 authorized the Board of Directors to decide on the repurchase of a maximum of 3,500,000 of the company’s own shares (approximately 4.8% of all the company’s shares) in one or more tranches. The company’s own shares are acquired with the company’s unrestricted equity.
The total number of Uponor Corporation shares is 73,206,944. The total number of shares currently held by the company is 134,206.
Uponor Corporation
Susanna Inkinen
Director of Communications and Corporate Responsibility
Tel. +358 20 129 2081
DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponorgroup.com
Uponor in brief
Uponor is thinking about water for future generations. Our offering, which includes a safe supply of drinking water, energy-efficient radiant heating and cooling, and reliable infrastructure, enables a more sustainable living environment. We help our customers to work faster and smarter in residential and commercial construction, municipalities and municipal industries, as well as in various industries. Uponor employs approximately 3,700 professionals in 26 countries in Europe and North America. In 2020, Uponor’s net sales were approximately EUR 1.1 billion. Uponor Corporation is domiciled in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com