Lahti, Finland, 2017-03-06 14:45 CET (GLOBE NEWSWIRE) --
RAUTE CORPORATION STOCK EXCHANGE RELEASE 6 MARCH 2017 at 3:45 p.m.
DISPOSAL OF RAUTE CORPORATION’S OWN SHARES
On March 6, 2017, Raute Corporation disposed of altogether 14,523 of the company series A shares held by Raute as part of the share plan beginning in 2015 under the long-term Performance Share Plan, which covers altogether 11 persons belonging to the Group’s senior management.
After the disposal of the shares, Raute no longer holds any of its own series A shares.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 400 710 387
Potential call requests to Ms. Arja Hakala through: Eija Salminen, Group Executive Assistant, tel. +358 50 3801517
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 2016 were EUR 113.1 million. The Group’s headcount at the end of 2016 was 643.
More information on the company can be found at www.raute.com.