Raute Corporation initiates share repurchase program

RAUTE CORPORATION, Stock Exchange Release, 13 February 2025 at 9:00 a.m. EET

Raute Corporation initiates share repurchase program

The Board of Directors of Raute Corporation has decided to initiate a share repurchase program based on the authorization received from the Annual General Meeting on April 4, 2024.

The purpose of the share repurchase program is to optimize Raute’s capital structure through reduction of capital. The repurchase of shares will reduce Raute’s unrestricted equity. The repurchased shares will be cancelled.

The repurchased shares are used to develop the company's capital structure. The shares acquired will be cancelled.

The maximum number of shares to be repurchased is 100,000 shares, corresponding to approximately 1.6% of the total number of shares. A maximum of EUR 1,350,000 will be used for the repurchase of shares. The share repurchase will commence on February 17, 2025, at the earliest and will end no later than August 17, 2025.

The buybacks will be carried out in public trading in accordance with the safe harbour procedure referred to in Article 5 of the EU Market Abuse Regulation, including, but not limited to, daily price and volume limits. The shares will be acquired through public trading on Nasdaq Helsinki.

Raute has appointed Nordea to implement the share repurchase program in accordance with the applicable price and volume restrictions and the applicable terms and conditions. Raute has the opportunity to suspend and terminate the program within the repurchase period, and in such a situation, Raute will publish a stock exchange release on the matter.

The Annual General Meeting held on April 4, 2024, authorized the Board of Directors to decide on the repurchase of a maximum of 600,000 of the company's own shares, approximately 10% of all the shares in the company. The company's own shares will be repurchased with funds belonging to the company's unrestricted equity, in which case the repurchases will reduce the company's distributable unrestricted equity.

The total number of shares in Raute Corporation is 6,122,679. Raute Corporation and its subsidiaries currently own 96,011 treasury shares, which corresponds to 1.57 percent of all outstanding shares.

RAUTE CORPORATION
Board of Directors

 

FURTHER INFORMATION:
Mika Saariaho, President and CEO, tel. +358 40 154 9393

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

 

RAUTE IN BRIEF – Making Wood Matter
Raute acts as a partner for a sustainable future for the wood products industry. Our technologies cover various production processes as well as supporting digital and analyzer solutions for industrially manufactured wood products. In addition, we offer comprehensive service concepts from spare parts to regular maintenance and production modernizations. Our innovative technologies, software and service concepts are designed to support the efficient use of natural resources in our customers' production. Raute is the only turnkey supplier in the world that offers mill-wide technology solutions for veneer, plywood and LVL production. Raute's head office and largest production plant is located in Lahti. Our other production facilities are located in Kajaani, Vancouver, Canada, Changzhou, China and Pullman, Washington State, USA. In 2024, Raute's net sales were EUR 204.6 million The Group’s headcount at the end of 2024 was 783. More about Raute: www.raute.com.