Shares
Raute's series A share is quoted on Nasdaq Helsinki since 1994. The trading code is RAUTE.
Raute Corporation’s Annual General Meeting held on March 30, 2023 decided on the combination of share classes by amending the Articles of Association by removing Articles concerning the different share classes. The amendments to the Articles of Association were registered with the trade register maintained by the Finnish Patent and Registration Office on April 3, 2023.
After the completion of the combination of the share classes, all of the company’s shares are of the same class and carry equal rights in the company, including one (1) vote in General Meetings. The total number of the Company’s shares did not change as result of the combination of the share classes, but the previous ordinary shares, which were not subject to trading on the official list of Nasdaq Helsinki Ltd’s stock exchange (the “Helsinki Stock Exchange”), were converted to shares in the only share class of the company at conversion rate of 1:1 (the “Conversion Shares”).
The company intends to apply for the admission of the Conversion Shares to trading on the Helsinki Stock Exchange, so that trading in the shares begins as soon as possible after the publication of a prospectus, approximately mid-May. Trading in the Conversion Shares began on May 24, 2023.
Directed share issue
The Annual General Meeting of Raute Corporation held on March 30, 2023 decided on a directed share issue deviating from the shareholders' pre-emptive subscription rights. The 839,039 new Raute Corporation shares subscribed in the company’s directed share issue were registered with the trade register maintained by the Finnish Patent and Registration Office on April 5, 2023. The total number of shares in the Company after the registration of the new shares is 5,102,233. The new shares subscribed in the directed share issue will produce the right to dividend and other distribution of funds as well as other shareholder rights as of this registration day.
643,725 of the new shares were applied for trading on official list of Nasdaq Helsinki Oy's ("Helsinki Stock Exchange") so that trading started on April 6, 2023.
The remaining 195,314 new shares ("Shares Subject to Later Listing") will be applied to be admitted to trading on the Helsinki Stock Exchange so that trading in the Shares Subject to Later Listing will start as soon as possible after the publication of a prospectus, approximately in mid-May. Trading in the Shares Subject to Later Listing began on May 24, 2023.
Shares | Number of shares | Votes/share | Votes, total |
Series A shares (RAUTE) | 5 102 233 pcs | 1 | 5 102 233 |
Total number of shares | 5 102 233 pcs | 5 102 233 |
Share offering May 30-June 13, 2023
Raute will arrange a share offering, offering a maximum total of 1,020,446 new shares in the company for subscription based on the shareholders’ pre-emptive subscription right. The subscription period for the offered shares will begin on May 30, 2023, at 09:30 a.m. EEST and end on June 13, 2023, at 4:30 p.m. EEST.
Read more on the share offering here>>>