22nd September 2009
Powerflute Oyj
Director's dealing
Powerflute Oyj (the "Company") has received notification today that Dr. Dermot
Smurfit, the Company's Chairman, transferred 2,000,000 ordinary shares in the
Company to his adult daughter on Tuesday 22nd September 2009 for nil
consideration.
As a result of the transfer, Dr. Smurfit's beneficial interest in the ordinary
shares of the Company has changed from 27,286,863 (18.8%) to 25,286,863 ordinary
shares (17.5%).
At the date of this announcement, the Company has 144,818,174 shares in issue.
Ends
Contact:
--------------------------------------------------------------------------------
| Powerflute OYJ | | c/o Billy Clegg, Financial |
| Dermot Smurfit (Chairman) | | Dynamics |
| David Walton (Chief Financial | | +44 (0)20 7269 7157 |
| Officer) | | |
--------------------------------------------------------------------------------
| Collins Stewart Europe Ltd: | | +44 (0)20 7523 8319 |
| Mark Dickenson/Piers Coombs | | |
--------------------------------------------------------------------------------
| E.Öhman J:or Fondkommission AB: | | +358 9 8866 6029 |
| Ms Arja Väyrynen | | |
--------------------------------------------------------------------------------
| Financial Dynamics: | | +44 (0)20 7831 3113 |
| Billy Clegg | | |
| Georgina Bonham | | |
--------------------------------------------------------------------------------
| K Capital Source | | +353 (1) 631 5500 |
| Mark Kenny | | |
| Jonathan Neilan | | |
--------------------------------------------------------------------------------
Director/ PDMR Shareholding
| Source: Powerflute Oyj