Press release, February 5, 2008
The Nordic Exchange welcomes Powerflute to First North
The trading of Powerflute Oyj's shares commence today on First North, the
alternative marketplace of the Nordic Exchange. Including Powerflute, First
North now comprises 128 companies.
Powerflute Oyj is a holding company, which operates through its wholly-owned
subsidiary Savon Sellu Oy, a paper mill near Kuopio, Finland. The company
manufactures high quality Nordic semi-chem fluting made primarily from birch
wood. In accordance with its strategy, the company may in the future also
acquire and manage complementary companies or assets related to paper and
packaging or other forestry derivatives. In 2006 the company's turnover was
€98.3 million.
“We warmly welcome Powerflute to the Nordic Exchange's alternative marketplace
First North. Nordic Exchange's main market is number one in paper products
globally. Commencing the trading of Powerflute's shares on First North gives
new opportunities for investors interested in paper products,” says Jouni
Torasvirta, President of OMX Nordic Exchange Helsinki.
Trading code for Poweflute's share is POW1V. The company operates in the
Materials Sector.
For more information, please contact
Outi Ylitalo, OMX Nordic Exchange Helsinki +358 9 6166 7599
About OMX | OMX is a leading expert in the exchange industry. The OMX Nordic
Exchange comprises over 800 companies including its alternative market First
North. OMX provides technology to over 60 exchanges, clearing organizations and
central securities depositories in over 50 countries. The Nordic Exchange is
not a legal entity but describes the common offering from OMX exchanges in
Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. OMX is a
Nordic Large Cap company in the Financials sector on the OMX Nordic Exchange.
For more information, please visit www.omxgroup.com.
