TIDMPOWR

RNS Number : 5736Z

Powerflute Oyj

27 May 2016

27 May 2016

POWERFLUTE OYJ

DISTRIBUTION OF 2015 ANNUAL REPORT

Powerflute Oyj ("Powerflute" or the "Group") confirms that in conjunction with Rule 19 of the AIM Rules for Companies (the "AIM Rules"), copies of the Group's Annual Report for the year ended 31 December 2015 have been sent to its shareholders.

Ends

For further information, please contact:

 
 Powerflute 
  Dermot Smurfit (Chairman)            c/o Oliver Winters, 
  Marco Casiraghi (CEO)                FTI Consulting 
  David Walton (CFO)                   +44 20 3727 1535 
 Numis Securities 
  Mark Lander (Corporate Broking) 
  Andrew Holloway / Jamie 
  Lillywhite (Nominated Advisor)       +44 20 7260 1000 
 FTI Consulting 
  Oliver Winters 
  Tom Hufton                         +44 20 3727 1535

About Powerflute

Powerflute is a paper and packaging group quoted on the AIM market of the London Stock Exchange (Ticker: POWR) which seeks to acquire businesses with strong fundamentals whose performance can be improved through a combination of management focus and targeted investment.

The Group currently has two main activities; Packaging Papers which trades under the name Powerflute and operates a paper mill in Kuopio, Finland producing a specialised form of Nordic semi-chemical fluting used in the manufacture of high-performance corrugated board; and Coreboard and Cores, which trades under the name Corenso and is a leading international manufacturer of high performance coreboard and cores, with coreboard mills in the United States and Europe and a network of core producing facilities in Europe, North America and China.

Nordic semi-chemical fluting is made from locally sourced birch and boxes manufactured using it demonstrate superior 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.

Cores and coreboard are manufactured from recycled paper and are used for applications in paper, packaging, textiles, steel, aluminium and many other industries. Coreboard and cores produced by Corenso demonstrate superior strength and rigidity and are suitable for use in the most demanding applications.

For further information, please visit www.powerflute.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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