Charges pressed against a member of the Board of Directors of Raute in a Ramirent Oyj related matter
RAUTE CORPORATION STOCK EXCHANGE RELEASE 3 APRIL 2024 AT 10.45 A.M.
Charges pressed against a member of the Board of Directors of Raute in a Ramirent Oyj related matter
According to the information that Raute Corporation has received today, the public prosecutor has decided to press charges related to suspected securities markets offences against Laura Raitio, who is a member of the Board at Raute Corporation. Charges have been pressed against several persons. Laura Raitio was a member of the Board at Ramirent Oyj during the period referred in the charges, in 2019. According to the information that Raute Corporation has received, Laura Raitio denies the accusation of the prosecutor.
The matter does not relate to Raute Corporation. The charges do not have an effect on the work of the Raute Board. The company monitors the progress of the proceedings and revisits the topic latest when the outcome of the proceedings has been determined.
RAUTE CORPORATION
Corporate Communications
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RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2023 were EUR 145.4 million. The Group’s headcount at the end of 2023 was 754. More information about the company can be found at www.raute.com.