Lahti, Finland, 2016-08-04 08:45 CEST (GLOBE NEWSWIRE) -- RAUTE CORPORATION STOCK EXCHANGE RELEASE AUGUST 4, 2016 at 9:45 a.m.
SHARE SUBSCRIPTIONS WITH RAUTE CORPORATION'S STOCK OPTIONS 2010
A total of 23,011 Raute's series A new shares have been subscribed for with Raute Corporation's stock options 2010 B and 2010 C between May 10, 2016 and July 14, 2016. The entire subscription price EUR 159,650.13 will be entered in the invested non-restricted equity reserve. As a result of the subscriptions, the number of Raute's series A shares will increase from 3,171,417 pcs to 3,194,428 pcs and the total amount of shares from 4,162,578 pcs to 4 185 589 pcs.
The new shares subscribed for with the stock options 2010 have been registered in the Trade Register on August 4, 2016 as of which date the new shares establish shareholder rights. The shares will be traded on the Nasdaq Helsinki together with the old shares as of August 5, 2016.
The share subscription period for stock options 2010 B is 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.
RAUTE CORPORATION
Arja Hakala
Chief Financial Officer
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, 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 customer’s 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 the Nastola area of Lahti, Finland. Its other production plants are in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of China. Raute’s net sales in 2015 were EUR 127.3 million. The Group’s headcount at the end of 2015 was 646.
More information on the company can be found at www.raute.com.