Raute - Changes in company's own shares

Disposal of Raute Corporation's own shares

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.