16 Dec 2013 07:00
16 December 2013
Powerflute Oyj
Regulatory Disclosure of Directors' Appointments
Pursuant to AIM Rule 17 and Schedule 2 Annex III of the AIM Rules, Powerflute Oyj provides the following updated disclosures relating to its directors.
Current Directorships
| Previous Directorships (last five years) |
Dermot F. Smurfit (Chairman) | |
Savon Sellu Oy Eurolink Motorway Operation LTD Timber Capital Ltd The Forest Company ML Capital
| European Pulp and Paper Investment Corporation (EPPIC)1 TMG Group2 Anaconda Company3 Pankakoski Board Trading Oy Pankaboard Oy Cosmo Specialty Fibers Inc Ace Ltd |
1 Dissolved 1994: voluntary administration having decided to close its major asset. All creditors paid 2 Liquidated in the mid 1980s, loss to creditors c.£3m-7m 3 Dissolved in November 2005: liquidated on a solvent basis
| |
Marco Casiraghi (Chief Executive Officer) | |
Savon Sellu Oy Harvestia Oy Powerflute Monaco SARL Engeco SAM FPMC SAM GOGLIO Nederland GOGLIO USA
| Coesia VOLPAK SA VOLPAKTECHGEN CHINA, HAPA AG Laetus France Laetus ltalia Laetus Mexico Hapa & Laetus Inc GD Machinery South East Asia GD Automatische Verpackungsmaschinen GD China Automatic Machinery GD Jidokikai GDM Engineering GDM GD lndustrie PT GD Indonesia CJSC GD Automatic Packaging Machinery ACMA CIMA Sirius Machinery Comesca Jobs SPA Cogepro LTG Stuttgart TO.CE.CO Monacair
|
David Walton (Chief Financial Officer) | |
Savon Sellu Oy Coated Papers Finland Oy Powerflute Monaco SARL Hamelin Ltd
| Papierfabrik Scheufelen GmbH + Co KG Papierfabrik Scheufelen Verwaltungs GmbH Scheufelen Grundstücksgesellschaft mbH Lenninger Instandhaltungsgesellschaft mbH
|
Christopher Knight (Non-Executive Director) | |
Brooks Macdonald Group PLC Intertek Group Plc | NB Real Estate Group Ltd NB Real Estate Trustee Ltd
|
Dermot S. Smurfit (Non-Executive Director) | |
Game Account Global Ltd | None
|
William (Tony) Smith (Non-Executive Director) | |
None | None |
- Ends -
For further information, please contact:
Powerflute Dermot Smurfit (Chairman) Marco Casiraghi (CEO) David Walton (CFO)
|
c/o Oliver Winters, FTI Consulting +44 20 7831 3113 |
Numis Securities Mark Lander (Corporate Broking) Andrew Holloway / Jamie Lillywhite (Nominated Advisor)
|
+44 20 7260 1000 |
FTI Consulting Oliver Winters Georgina Goodhew
| +44 20 7831 3113 |
About Powerflute
Powerflute Oyj ("the Company" or "Powerflute") is a paper and packaging group quoted on the AIM market of the London Stock Exchange (Ticker: POWR). Through its subsidiary Savon Sellu Oy, the Group operates a paper mill in Kuopio, Finland which produces a specialised form of semi-chemical fluting made from locally sourced birch. Corrugated boxes manufactured using Nordic semi-chemical fluting demonstrate strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill is one of only three suppliers of Nordic semi-chemical fluting in Europe.