Nastola, Finland, 2014-02-25 08:30 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION STOCK EXCHANGE RELEASE FEBRUARY 25, 2014 at 9:30 a.m.
SHARE SUBSCRIPTION WITH RAUTE CORPORATION'S STOCK OPTIONS 2010 A
A total of 2,070 Raute's series A new shares have been subscribed for with Raute' stock options 2010 A on February 4, 2014. As a result of the subscription, the company's share capital will increase with EUR 4,140.00 from EUR 8,009,516.00 to EUR 8,013,656.00. The number of Raute's series A shares will increase from 3,013,597 pcs to 3,015,667 pcs and the total amount of shares from 4,004,758 pcs to 4,006,828 pcs.
The new shares subscribed for with the stock options 2010 A have been registered in the Trade Register on February 25, 2014 as of which date the new shares will establish shareholder rights.
The shares will be traded on the NASDAQ OMX Helsinki together with the old shares as of February 26, 2014.
The share subscription period for stock options 2010 A commenced on March 1, 2013 and will end on March 31, 2016. 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 CORPORATION
Arja Hakala
Chief Financial Officer
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 400 710 387
DISTRIBUTION:
NASDAQ OMX 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 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 Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute’s net sales in 2013 were EUR 83.3 million. The Group’s headcount at the end of 2013 was 534.
More information about the company can be found at www.raute.com.