Inside information

Uponor Corporation rejects Aliaxis´ public tender offer to acquire all shares in Uponor - Seite 2

The Board will evaluate and pursue further strategic proposals it receives based on the best interest of Uponor’s shareholders. Uponor refers to its announcement on 16 May 2023 stating that the Company is exploring strategic alternatives and has received indications of interest from other parties in relation to potential strategic transactions and confirms indicative discussions in this regard. The Board is currently assessing whether such approaches could result in outcomes that would be in the best interest of the shareholders of Uponor.

Hans Sohlström, head of the board committee preparing the matter, states: “The Board unanimously concludes Aliaxis’ current offer is insufficient in light of the company’s value and its future prospects. As we have mentioned previously, the board has received other indications of interest and is currently investigating the company’s strategic alternatives in this regard. We are looking to secure the best outcome for the company’s shareholders.”

There can be no assurance that the Board’s work will lead to a tender offer or any other transaction.

Uponor will release further information at an appropriate time.

Uponor Corporation

Hans Sohlström
Board member chairing the board ad hoc committee

Further information:
Franciska Janzon
Senior Vice President, Corporate Communications and IR
Uponor Corporation
Tel. [phone]

DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponorgroup.com

Uponor in brief
Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 3,900 professionals in 26 countries in Europe and North America. In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki. www.uponorgroup.com