TRANSACTION IN OWN SHARES

Powerflute Oyj 

13.06.2012 09:51

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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13 June 2012

                                   POWERFLUTE

                                        

                            TRANSACTION IN OWN SHARES

                                        



Powerflute Oyj ('Powerflute' or the 'Company'), the packaging and paper group,
announces that in accordance with the authority granted by shareholders at the
Annual General Meeting held on 26 April 2012, it purchased and transferred into
Treasury 1,000,000 of its own shares and depositary interests on 12 June 2012. 



The Company purchased 500,000 depositary interests, each of which provides a
beneficial interest in one ordinary share. The price paid was 24.5 pence per
depositary interest. 



The Company purchased 500,000 ordinary shares. The highest price paid was 30.5
euro cents per share and the lowest price paid was 30.0 euro cents per share. 



Including shares and depositary interests which have been purchased but not yet
settled, the Company holds 4,000,000 of its shares in Treasury, representing
1.4% of the total voting rights in the Company. 



The number of shares in issue (excluding shares held in Treasury) is now
285,818,174. This number represents the total voting rights in the Company and
may be used by shareholders as the denominator for calculations by which they
can determine if there is any obligation under the Company's Articles of
Association for them to notify their interest, or a change in their interest,
in the Company. 



This announcement does not constitute or form part of an offer or any
solicitation of an offer to purchase or subscribe for securities in any
jurisdiction and is in conformity with the Financial Services Authority's
Disclosure and Transparency Rules. 



                                    - Ends-





For further information, please contact:





PowerfluteOyj                              c/o Billy Clegg, FTI Consulting
Dermot Smurfit (Chairman)                  +44 20 7269 7157               
Marco Casiraghi (Chief Executive Officer)                                 
David Walton (Chief Financial Officer)                                    
Canaccord Genuity Limited                  +44 20 7523 8350               
Piers Coombs                                                              
Mark Dickenson                                                            
Pareto Őhman AB                            +358 9 8866 6029               
Ms Arja Väyrynen                                                          
FTI Consulting                             +44 20 7831 3113               
Billy Clegg                                                               
Oliver Winters                                                            
FTI Consulting (Ireland)                   +353 1 663 3686                
Mark Kenny                                                                
Jonathan Neilan                                                           




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) and on
NASDAQ OMX First North, the alternative market of NASDAQ OMX Helsinki (Ticker
POW1V). 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.
News Source: NASDAQ OMX



13.06.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Powerflute Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009015291
WKN:          
 
End of Announcement                             DGAP News-Service
 
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