Lahti, Finland, 2017-10-17 10:15 CEST (GLOBE NEWSWIRE) -- RAUTE CORPORATION STOCK EXCHANGE RELEASE 17 October 2017 at 11:15 a.m.
THE 8,913 NEW SERIES A SHARES OF RAUTE CORPORATION REGISTERED AND ADMITTED TO PUBLIC TRADING
The 8,913 new series A shares of Raute Corporation issued to the company itself without consideration, published with the stock exchange release on 25 September 2017, have been registered in the trade register on 17 October 2017.
After the registration of the above mentioned new series A shares the total number of the company’s series A shares is 3,248,087 pcs, of which 8,913 shares are held by the company. The total amount of the company's shares after the registration is 4,239,248 pcs.
The above mentioned new series A shares have been admitted to public trading together with the company’s old series A shares on the stock exchange list of Nasdaq Helsinki Ltd as of 18 October 2017.
The company is exempted from publishing a prospectus in connection with applying admission to public trading for the above shares based on chapter 4 section 4 subsection 1) of the Securities Market Act.
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, LVL (Laminated Veneer Lumber) and sawn timber. Its technology offering covers the entire production process for veneer, plywood and LVL and special measurement equipment for sawn timber. 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. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, the Shanghai area of China and in Pullman, Washington, USA. Raute’s net sales in 2016 were EUR 113.1 million. The Group’s headcount at the end of 2016 was 643. More information about the company can be found at www.raute.com.