Disposal of Raute Corporation’s own shares
RAUTE CORPORATION STOCK EXCHANGE RELEASE 6 MARCH 2018 at 2:00 p.m.
DISPOSAL OF RAUTE CORPORATION’S OWN SHARES
On March 6, 2018, Raute Corporation disposed of altogether 8,913 of the company series A shares held by Raute as part of the share plan beginning in 2016 under the Long-term Performance Share Plan, which covered altogether 12 persons belonging to the Group’s senior management.
After the disposal of the shares, Raute no longer holds any of its own series A shares.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 400 710 387
Potential call requests to Ms. Arja Hakala through: Eija Salminen, Group Executive Assistant, tel. +358 50 3801517
DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s customers are companies operating in the wood products industry that manufacture veneer, plywood, LVL (Laminated Veneer Lumber) and lumber. The technology offering covers the entire production process of veneer, plywood and LVL and special measurement equipment for lumber. As a supplier of mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Additionally, Raute’s full-service concept includes technology services ranging from spare parts deliveries to regular maintenance and equipment modernizations. Raute’s head office is located in the Nastola area of Lahti, Finland. Its other production plants are in Kajaani, Finland, the Vancouver area of Canada, in the Shanghai area of China and in Pullman, WA, USA. Raute’s net sales in 2017 were EUR 148.6 million. The Group’s headcount at the end of 2017 was 704. More information on the company can be found at www.raute.com.