Raute Corporation: Disclosure under chapter 9, section 10 of the Securities Market Act
RAUTE Corporation, STOCK EXCHANGE RELEASE 3 April 2023 AT 1:00 p.m. EEST
RAUTE CORPORATION: DISCLOSURE UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT
Raute Corporation has received a notification from Mika Tapani Mustakallio on April 3, 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the notification, the total voting rights of shares held in Raute Corporation by Mika Tapani Mustakallio fell below the level of 5% as a result of the combination of Raute Corporation’s share classes and amendment of Articles of Association registered on April 3, 2023.
The number of voting rights of Mika Tapani Mustakallio’s shares in Raute Corporation decreased to 83 270 voting right, representing 1.95 % of all voting rights carried by Raute Corporation’s shares.
Total positions of Mika Tapani Mustakallio subject to the notification:
|
|
% of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both in % |
Total number of shares and voting rights |
|
Resulting situation on the date on which threshold was crossed or reached |
1.95 |
- |
1.95 |
83 270 |
|
Position of previous notification (if applicable) |
- |
- |
- |
- |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
Shares and voting rights:
|
Class/type of shares, ISIN code (if possible) |
Number of shares and voting rights |
% of shares and voting rights |
||
|
|
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
|
|
83 270 |
- |
1.95 |
- |
|
Total shares and voting rights |
83 270 |
- |
1.95 |
- |
Additional information notified by Mika Tapani Mustakallio:
As a result of an amendment to the Company's Articles of Association registered on 3 April 2023, the company has only one series of shares (“Combination of Share Classes”). In connection with the Combination of Share Classes, the previous ordinary shares have been converted to shares in the only share class. After the Combination of Share Classes, all shares of the company are of the same class and carry equal rights in the company, including one (1) vote in the General Meetings. The flagging notification relates to the dilution of the number of votes due to the conversion of the ordinary shares decreasing the number of votes carried by the shares below the flagging threshold of 5%.
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.