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New shares issued in Raute Corporation's directed share issue have been registered with the Trade register

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RAUTE Corporation STOCK EXCHANGE RELEASE 5 April 2023 KLO 9:30 EEST

 

NEW SHARES ISSUED IN RAUTE CORPORATION'S DIRECTED SHARE ISSUE HAVE BEEN REGISTERED WITH THE TRADE REGISTER

 

The 839,039 new Raute Corporation (the ”Company”) shares subscribed in the Company’s directed share issue have been registered with the trade register maintained by the Finnish Patent and Registration Office today, 5 April 2023. The total number of shares in the Company after the registration of the new shares is 5,102,233. The Company holds no treasury shares.

 

The new shares subscribed in the directed share issue will produce the right to dividend and other distribution of funds as well as other shareholder rights as of this registration day.

 

643,725 of the new shares will be applied for trading on official list of Nasdaq Helsinki Oy's ("Helsinki Stock Exchange") so that trading will start on April 6, 2023. The shares in question have the same ISIN code FI0009004741 and trading symbol "RAUTE" as the Company's shares that are already subject to trading on the Helsinki Stock Exchange.

 

The remaining 195,314 new shares ("Shares Subject to Later Listing") will be applied to be admitted to trading on the Helsinki Stock Exchange so that trading in the Shares Subject to Later Listing will start as soon as possible after the publication of a prospectus, approximately in mid-May. The Shares Subject to Later Listing have a temporary ISIN code of FI4000549936 until the Shares Subject to Later Listing are admitted to trading on the Helsinki Stock Exchange. After Shares Subject to Later Listing have been admitted to trading on the Helsinki Stock Exchange, they will have the same ISIN code FI0009004741 and trading symbol "RAUTE" as the Company's shares that are already subject to trading on the Helsinki Stock Exchange.

 

RAUTE CORPORATION
Mika Saariaho
President and CEO

 

FURTHER INFORMATION

Mika Saariaho, President and CEO, tel. +358 40 1549393

 

DISTRIBUTION:
Nasdaq Helsinki Ltd, principal media, www.raute.com
 

RAUTE IN BRIEF - MAKING WOOD MATTER 
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products.  Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.

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