30 Nov 2010 07:00
Powerflute Oyj
30 November 2010
POWERFLUTE OYJ
("Powerflute" or the "Company")
Total voting rights
In accordance with the Financial Services Authority's Disclosure and Transparency Rules (the "Rules"), Powerflute makes the following announcement.
The Company's issued share capital consists of 289,818,174 ordinary shares, each carrying the right to one vote per share. There are no shares held in treasury.
The total voting rights figure of 289,818,174 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.
Ends
For further information please contact:
Powerflute OYJ Marco Casiraghi (Chief Executive Officer) David Walton (Chief Financial Officer)
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c/o Billy Clegg, Financial Dynamics +44 (0)20 7269 7157 | |
Collins Stewart Europe Ltd: Piers Coombs Mark Dickenson
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+44 (0)20 7523 8350 | |
E.Öhman J:or Fondkommission AB: Ms Arja Väyrynen
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+358 9 8866 6029 | |
Financial Dynamics: Billy Clegg
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+44 (0)20 7831 3113 | |
K Capital Source Mark Kenny Jonathan Neilan |
+353 (1) 663 3686 |
About Powerflute
Powerflute Oyj ("the Company" or "Powerflute") is a packaging group with established positions in Nordic semi-chemical fluting and coated woodfree papers.
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 has the capacity to produce up to 300,000 tonnes per annum and is one of three suppliers of Nordic semi-chemical fluting in Europe.
Through its subsidiary Papierfabrik Scheufelen, the Group operates a paper mill in Lenningen, Germany which produces a range of coated woodfree papers from mixed hardwood and softwood pulps. Coated woodfree papers are used in the production of printed promotional material such as brochures, leaflets and other point of sale materials for producers and distributors of premium branded goods. The Lenningen mill has the capacity to produce up to 300,000 tonnes per annum and supplies the majority of its products into the European market.