Glaston Oyj Abp - Company Announcement

GLASTON: 18,530,768 NEW SHARES WERE SUBSCRIBED FOR IN THE DIRECTED SHARE ISSUE AND CONVERSION OF CONVERTIBLE LOAN

Helsinki, Finland, 2011-02-25 19:00 CET (GLOBE NEWSWIRE) -- Glaston Corporation
   Stock Exchange Release   25.2.2011 at 20.00 (EET) 

GLASTON: 18,530,768  NEW SHARES WERE SUBSCRIBED FOR IN THE DIRECTED SHARE ISSUE
AND CONVERSION OF CONVERTIBLE  LOAN 

The Board of Directors of Glaston has today approved subscriptions made in the
directed share issue resolved on 25 February 2011 and conversion of the
convertible loan issued by the company into shares. 6,8 million new shares were
subscribed for in the directed share issue and it was fully subscribed for. The
subscription price of the new shares is EUR 0.88 per share. 

The subscription price is based on the trading volume weighted average price in
Helsinki Stock Exchange between 21.- 25. February 2011 less 4.9 per cent. In
the conversion of the convertible loan into shares for the value of EUR
15,250,000 million 11,730,768 new shares were issued. 

Glaston intends to have the new shares registered in the Trade Register on or
about 4 March 2011.The new shares will carry the same rights as the existing
shares of the company. After registration of the shares in the Trade Register
Glaston has  97,880,768 shares. The new shares are subject to trade in Helsinki
Stock Exchange on or about 7 March 2011. 







For further information, please contact

Glaston Corporation

Arto Metsänen, President and CEO, phone +358 10 500 6100
Tapio Engström, CFO, phone  +358 10 500 6419.



Glaston Corporation
Arto Metsänen
President and CEO





Glaston Corporation
Glaston Corporation is an international glass technology company and a pioneer
of glass processing technology.Its product range and service network are the
widest in the industry. Glaston's well-known brands are Bavelloni in
pre-processing machines and tools, Tamglass and Uniglass in safety glass
machines, and Albat+Wirsam in glass industry software. 

Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.





Distribution: NASDAQ, OMX, key media, www.glaston.net