Share subscriptions with Raute Corporation's stock options 2010
RAUTE CORPORATION STOCK EXCHANGE RELEASE FEBRUARY 24, 2016 at 9:45 a.m.
SHARE SUBSCRIPTIONS WITH RAUTE CORPORATION'S STOCK OPTIONS 2010
A total of 16,450 Raute's series A new shares have been subscribed for with Raute Corporation's stock options 2010 A, 2010 B and 2010 C between January 14, 2016 and February 11, 2016. As a result of the subscriptions, the company's share capital will increase with EUR 32,900.00 from EUR 8,223,416.00 to EUR 8,256,316.00. The number of Raute's series A shares will increase from 3,120,547 pcs to 3,136,997 pcs and the total amount of shares from 4,111,708 pcs to 4,128,158 pcs.
The new shares subscribed for with the stock options 2010 have been registered in the Trade Register on February 24, 2016 as of which date the new shares establish shareholder rights. The shares will be traded on the Nasdaq Helsinki together with the old shares as of February 25, 2016.
The share subscription period for stock options 2010 A will end on March 31, 2016, for stock options 2010 B on March 31, 2017 and for stock options 2010 C on March 31, 2018.
The terms and conditions of the stock options plan 2010 with additional information are available on the company's website at www.raute.com/Investors/Share information.
Raute's stock options 2010 are listed on Nasdaq Helsinki Ltd.
RAUTE CORPORATION
Arja Hakala
Chief Financial Officer
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, mobile +358 400 710 387
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 and LVL (Laminated Veneer Lumber). The technology offering covers machinery and equipment for the customer’s entire production process. 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 and in the Shanghai area of China. Raute’s net sales in 2015 were EUR 127.3 million. The Group’s headcount at the end of 2015 was 646.
More information on the company can be found at www.raute.com.