Nastola, Finland, 2015-03-26 12:30 CET (GLOBE NEWSWIRE) --
RAUTE CORPORATION STOCK EXCHANGE RELEASE 26 MARCH 2015 at 1:30 p.m.
RAUTE CORPORATION APPLIES FOR LISTING OF ITS 2010 STOCK OPTIONS
Raute Corporation will apply for the listing of its 2010 stock options on the NASDAQ OMX Helsinki Ltd. so that the listing begins as of April 27, 2015.
Raute Group’s key persons currently hold a total of 69,530 stock options marked with the symbol 2010 A, 80,000 stock options marked 2010 B and 75,000 stock options marked 2010 C. Each option right entitles its holder to subscribe for one Raute´s series A share.
The subscription period for series 2010 A stock options is from March 1, 2013 to March 31, 2016. The current subscription price for 2010 A stock options is EUR 5.44.
The subscription period for series 2010 B stock options is from March 1, 2014 to March 31, 2017. The current subscription price for 2010 B stock options is EUR 7.93.
The subscription period for series 2010 C stock options is from March 1, 2015 to March 31, 2018. The current subscription price for 2010 C stock options is EUR 6.80.
From the subscription price, as per the relevant record date, be deducted the amount of dividends or equity distributed as repayment of equity from the invested non-restricted equity reserve decided after the end of the period on determination of the share subscription price but before share subscription.
Share subscriptions will take place at all of Nordea's branches in Finland.
The new shares subscribed with the stock options will be entered to the Trade Register according to the following timetable when the amount of shares exceeds 1,000 pcs:
Last subscription date Estimated registration date Estimated listing date
April 14, 2015 May 7, 2015 May 8, 2015
July 17, 2015 August 10, 2015 August 11, 2015
October 20, 2015 November 12, 2015 November 13, 2015
However, the entry in the Trade Register will be made at least once a year, within one month from the end of the financial year. The shares subscribed with the stock options entitle holders to dividends and other shareholder rights after the shares have been registered. Raute reserves the right to change any of the Trade Register entry dates indicated above, if necessary. Also, Raute does not assume any liability for non-registrations occurring on any of the above-mentioned dates.
The terms and conditions of the stock options plan 2010 are available on the company's investor web pages at www.raute.com > Investors > Share information > Option schemes.
RAUTE CORPORATION
Arja Hakala
Chief Financial Officer
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile +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 2014 were EUR 94.0 million. The Group’s headcount at the end of 2014 was 587.
More information about the company can be found at www.raute.com