Raute Corporation: Disclosure under Chapter 9, Section 10 of the Securities Market Act
RAUTE Corporation, STOCK EXCHANGE RELEASE 26 JUNE 2023 AT 6:15 p.m. EEST
RAUTE CORPORATION: DISCLOSURE UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT
Raute Corporation has received a notification from Pekka Matias Suominen on June 26, 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 Pekka Suominen exceeded the level of 25%. The person subject to notification obligation uses voting rights by a proxy.The voting rights are used at the discretion of the person subject to this notification obligation.
The number of voting rights of Pekka Matias Suominen’s shares in Raute Corporation, directly or indirectly by proxies, is 1,688,422, which increased to represent 27.58% of all voting rights carried by Raute Corporation’s shares. The share stock of Raute consists of 6,122,679 shares, each entitling to one vote.
Total positions of Pekka Matias Suominen 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 |
1.92 of shares 27.58% of voting rights |
- |
1.92 27.58 |
1 688 422 |
|
Position of previous notification (if applicable) |
N/A |
- |
- |
- |
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) |
|
ISIN FI0009004741 |
117 329 |
1 571 093 |
1.92 |
25.66 |
|
Total shares and voting rights |
1 688 422 |
- |
27.58 |
|
Additional information notified by Pekka Matias Suominen:
49 shareholders have authorized the person subject to notification obligation to use the voting power by proxy. The proxies are valid until further notice.
RAUTE CORPORATION
Mika Saariaho
President and CEO
FURTHER INFORMATION
Ville Halttunen, CFO, tel. +358 50 3460868
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.