RAUTE CORPORATION STOCK EXCHANGE RELEASE 24 March 2009 at 10.15 a.m. RAUTE CORPORATION'S CONVEYANCE OF OWN SHARES Raute Corporation's Board of Directors has decided to convey 18,900 Raute's series A shares held by the Company gratuitously to 17 key persons of the Company's share-based incentive plan as reward payment for the earnings period 2006-2008. The decision of conveying own shares through a directed bonus issue is based on the authorization of the Annual General Meeting of Shareholders held on 2 April, 2008. Conveyance of own shares: Date: 27 March 2009 Share: RUTAV Amount: 18,900 The series A shares held by Raute Corporation after the conveyance: 0 pcs Raute Corporation's share-based incentive plan was approved by the Board of Directors on 22 March 2006. The earning period began on 1 January 2006 and ended on 31 December 2008. The amount of the reward that shall be paid on the basis of the plan, was bound to Raute's operating profit (weight 75%) and the evaluation of the Board of Directors on e.g. the materialization of the strategy (weight +/- 25%). The reward from the plan shall be paid as combination of shares and cash payment. RAUTE CORPORATION Arja Hakala CFO FURTHER INFORMATION: Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293 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
RAUTE CORPORATION'S CONVEYANCE OF OWN SHARES
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