Nastola, Finland, 2015-12-29 08:45 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION STOCK EXCHANGE RELEASE DECEMBER 29, 2015 at 9:45 a.m.
SHARE SUBSCRIPTIONS WITH RAUTE CORPORATION'S STOCK OPTIONS 2010
A total of 27,005 Raute's series A new shares have been subscribed for with Raute' stock options 2010 A, 2010 B and 2010 C between November 25, 2015 and December 17, 2015. As a result of the subscriptions, the company's share capital will increase with EUR 54,010.00 from EUR 8,169,406.00 to EUR 8,223,416.00. The number of Raute's series A shares will increase from 3,093,542 pcs to 3,120,547 pcs and the total amount of shares from 4,084,703 pcs to 4,111,708 pcs.
The new shares subscribed for with the stock options 2010 have been registered in the Trade Register on December 29, 2015 as of which date the new shares will establish shareholder rights. The shares will be traded on the Nasdaq Helsinki together with the old shares as of December 30, 2015.
The share subscription period for stock options 2010 A is from March 1, 2013 to March 31, 2016, for stock options 2010 B from March 1, 2014 to March 31, 2017 and for stock options 2010 C from March 1, 2015 to March 31, 2018. 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's stock options 2010 are listed on Nasdaq Helsinki Ltd. as of April 27, 2015.
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 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