RAUTE TO END ACQUIRING ITS OWN SHARES
RAUTE CORPORATION STOCK EXCHANGE RELEASE 18 March 2009 at 2.00 p.m.
RAUTE TO END ACQUIRING ITS OWN SHARES
Raute Corporation has ended acquiring its own shares which began on 19 February
2009. Based on the authorization given by the Annual General Meeting of
Shareholders on 2 April 2008, Raute Corporation has acquired a total of 18,900
the company's own series A shares.
The company's own shares were acquired using the company's unrestricted equity
at the market price at the time of trading in public trading on the NASDAQ OMX
Helsinki exchange at the share price on the day of trading, in accordance with
the rules and regulations concerning the purchase of a company's own shares in
public trading. The own shares were acquired to be used as part of the company's
incentive schemes for key personnel.
RAUTE CORPORATION
Arja Hakala
CFO
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293,
mobile phone +358 400 710 387
Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560,
mobile phone +358 400 814 148
RAUTE IN BRIEF:
Raute is a technology company serving the wood products industry worldwide. Its
most important customers are the plywood and LVL industries. The company is one
of the world's leading suppliers of mill-scale projects to these customer
industries. The total service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investments. Raute's head office and main production plant are in Nastola,
Finland. Its other production plants are in the Vancouver area of Canada, in the
Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008
were EUR 98.5 million and the number of personnel 573. More information on the
company can be found at www.raute.com.
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd, main media, www.raute.com