Uponor Corporation Stock exchange release 21 January 2019 15:00 EET
Proposals by Uponor Nomination Board to the Annual General Meeting 2019
The Uponor Nomination Board proposals to the Annual General Meeting, to be held in Helsinki, Finland on 18 March 2019, are the following:
REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS The Nomination Board proposes that the yearly remuneration to the members of the Board of Directors shall remain unchanged.
Presently, the yearly remuneration is as follows:
- Chair of the Board - €90,000
- Deputy Chair of the Board - €51,000
- Chair of the Audit Committee - €51,000
- Other members of the Board - €46,000
Approximately 40% of the remuneration is paid by acquiring Uponor Corporation shares in public trading and the rest in cash. The travel expenses related to Board meetings are paid according to the company’s travel policy.
In addition to the above, a remuneration per each actual board and committee meeting (excluding decisions without a meeting) is paid, amounting 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. Remuneration for telephone meetings equals the remuneration for meetings held in the country of residence of the member. In addition a remuneration of €600 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.
NUMBER OF BOARD MEMBERS The Nomination Board proposes that the number of Board members remains at six.
ELECTION OF THE MEMBERS AND CHAIR OF THE BOARD OF DIRECTORS The Nomination Board proposes to the general meeting that Ms Pia Aaltonen-Forsell, Mr Johan Falk, Mr Markus Lengauer, Mr Casimir Lindholm, Ms Eva Nygren and Ms Annika Paasikivi, currently members of the Board of Directors, will be re-elected as members of the Board of Directors. All the nominees have given their consent to the position.
Further, the Nomination Board proposes that Annika Paasikivi will be re-elected Chair of the Board of Directors.
Uponor’s Nomination Board consists of the following persons: Jari Paasikivi, Chair (representing Oras Invest), Henrika Vikman (Nordea Funds Oy) and Reima Rytsölä (Varma).
For more information, please contact: Jari Paasikivi, Chairman of the Nomination Board Tel: +358 500 530 375
Reetta Härkki, General Counsel, Uponor Corporation Tel: +358 20 129 2835
Uponor Corporation
Susanna Inkinen Vice President, Communications and Corporate Responsibility Tel. +358 20 129 2081
DISTRIBUTION: Nasdaq Helsinki Media www.uponor.com www.investors.uponor.com
Uponor in brief 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
