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2009-03-18 13:00:00 CET 2009-03-18 13:00:01 CET REGULATED INFORMATION Raute - Company AnnouncementRAUTE TO END ACQUIRING ITS OWN SHARESRAUTE CORPORATION STOCK EXCHANGE RELEASE 18 March 2009 at 2.00 p.m. RAUTE TO END ACQUIRING ITS OWN SHARES Raute Corporation has ended acquiring its own shares which began on 19 February 2009. Based on the authorization given by the Annual General Meeting of Shareholders on 2 April 2008, Raute Corporation has acquired a total of 18,900 the company's own series A shares. The company's own shares were acquired using the company's unrestricted equity at the market price at the time of trading in public trading on the NASDAQ OMX Helsinki exchange at the share price on the day of trading, in accordance with the rules and regulations concerning the purchase of a company's own shares in public trading. The own shares were acquired to be used as part of the company's incentive schemes for key personnel. RAUTE CORPORATION Arja Hakala CFO FURTHER INFORMATION: Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile phone +358 400 710 387 Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile phone +358 400 814 148 RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008 were EUR 98.5 million and the number of personnel 573. More information on the company can be found at www.raute.com. DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com |
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