13th May 2013 07:00
13 May 2013
POWERFLUTE
DIRECTOR'S DEALING IN SHARES
Powerflute Oyj ("Powerflute" or the "Company") received notification on 10th May 2013 that Marco Casiraghi, who is a director of the Company, has acquired 650,000 ordinary shares at a price of 23.25 pence per share. Following this acquisition of shares, Mr Casiraghi's beneficial interest in the ordinary shares of the Company has increased from 7,288,629 (2.57% of issued share capital) to 7,938,629 (2.79% of issued share capital).
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For further information, please contact:
PowerfluteOyj Dermot Smurfit (Chairman) Marco Casiraghi (Chief Executive Officer) David Walton (Chief Financial Officer)
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c/o Oliver Winters, FTI Consulting +44 20 7269 7157 |
Canaccord Genuity Limited Piers Coombs
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+44 20 7523 8350 |
FTI Consulting Oliver Winters Georgina Goodhew
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+44 20 7831 3113 |
FTI Consulting (Ireland) Mark Kenny Jonathan Neilan
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+353 1 663 3686 |
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.
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POWR.L