Lahti, Finland, 2017-02-23 08:45 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION STOCK EXCHANGE RELEASE 23 FEBRUARY 2017 at 9:45 a.m.
SHARE SUBSCRIPTIONS WITH RAUTE CORPORATION'S STOCK OPTIONS 2010
A total of 13,249 Raute's series A new shares have been subscribed for with Raute Corporation's stock options 2010 B and stock options 2010 C between January 17 and February 2, 2017. The entire subscription price EUR 92,318.37 will be entered in the invested non-restricted equity reserve. As a result of the subscriptions, the number of Raute's series A shares will increase from 3,215,301 pcs to 3,228,550 pcs and the total amount of shares from 4,206,462 pcs to 4,219,711 pcs.
The new shares subscribed for with the stock options 2010 have been registered in the Trade Register on February 23, 2017 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 24, 2017.
The share subscription period for stock options 2010 B is from March 1, 2014 to March 31, 2017 and for stock options 2010 C from March 1, 2015 to 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
Potential call requests to Ms. Arja Hakala through: Eija Salminen, Group Executive Assistant, tel. +358 50 3801517
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 2016 were EUR 113.1 million. The Group’s headcount at the end of 2016 was 643. More information on the company can be found at www.raute.com.