In the Helsinki Stock Exchange
Trade date 24.3.2009 Bourse trade BUY Share TULAV Amount 2.000 shares Total cost 1.470,00 EUR Average price/ share 0,7350 EUR Highest price/ share 0,74 EUR Lowest price/ share 0,73 EUR
Tulikivi Corporation now holds a total of 128.800 shares including the shares repurchased on 24.3.2009.
On behalf of Tulikivi Corporation
Nordea Bank Finland Plc
Petri Simberg Julius Summanen
The Tulikivi Group has today concluded the codetermination talks that were initiated in January. The talks are part of the Tulikivi Corporation’s profitability improvement and concentration programme, which aims to cut costs by roughly EUR 5 million annually.
As a result of the talks, 79 persons will be made redundant, 11 of whom are office staff. In addition, 41 people will be laid off, 8 of whom are office staff.
Under the profitability and concentration programme the Heinävesi plant will be closely integrated into the company’s Fireplaces Business. The plant will begin to concentrate on the manufacturing of ceramic fireplaces, fireplace components and cooking ware.
A centralised warehouse for purchase parts will be located at the Juuka site. In addition, production profitability will be improved by changing working hour models. The Group’s manufacturing of lining stone will be concentrated in Suomussalmi. The possibility of increasing the use of outsourced work for quarrying will also be investigated.
The efficiency of Group administration and support functions will be improved by streamlining operating processes and information systems.
Personnel will also be laid off to adjust demand and the salaries of the members of the Management Group will be lowered.
The personnel arrangements and retirement will reduce the company’s personnel to about 550 persons (633 on 31 December 2008).
The company will achieve a substantial part of its targeted annual savings of EUR 5 million with the measures now taken.
The reorganisation and personnel reduction will give rise to approximately EUR 1.3 million in non-recurring costs, EUR 1.0 million of which will be wages and social security contributions. The non-recurring costs will mostly be recorded for the first quarter of this year.
TULIKIVI CORPORATION
Heikki Vauhkonen Managing Director
Distribution: NASDAQ OMX Helsinki Ltd, key media, www.tulikivi.com
Further information: Tulikivi Corporation, FIN-83900 Juuka, Finland, tel. +358 207 636 000, www.tulikivi.com – Managing Director Heikki Vauhkonen
Trade date 23.3.2009 Bourse trade BUY Share TULAV Amount 1.800 shares Total cost 1.287,00 EUR Average price/ share 0,7150 EUR Highest price/ share 0,72 EUR Lowest price/ share 0,71 EUR
Tulikivi Corporation now holds a total of 126.800 shares including the shares repurchased on 23.3.2009.
Trade date 20.3.2009 Bourse trade BUY Share TULAV Amount 2.000 shares Total cost 1.415,00 EUR Average price/ share 0,7075 EUR Highest price/ share 0,74 EUR Lowest price/ share 0,69 EUR
Tulikivi Corporation now holds a total of 125.000 shares including the shares repurchased on 20.3.2009.
Trade date 19.3.2009 Bourse trade BUY Share TULAV Amount 2.000 shares Total cost 1.416,00 EUR Average price/ share 0,7080 EUR Highest price/ share 0,72 EUR Lowest price/ share 0,70 EUR
Tulikivi Corporation now holds a total of 123.000 shares including the shares repurchased on 19.3.2009.
Trade date 18.3.2009 Bourse trade BUY Share TULAV Amount 1.030 shares Total cost 731,30 EUR Average price/ share 0,7100 EUR Highest price/ share 0,71 EUR Lowest price/ share 0,71 EUR
Tulikivi Corporation now holds a total of 121.000 shares including the shares repurchased on 18.3.2009.
Trade date 16.3.2009 Bourse trade BUY Share TULAV Amount 2.000 shares Total cost 1.363,00 EUR Average price/ share 0,6815 EUR Highest price/ share 0,69 EUR Lowest price/ share 0,68 EUR
Tulikivi Corporation now holds a total of 119.970 shares including the shares repurchased on 16.3.2009.
Trade date 13.3.2009 Bourse trade BUY Share TULAV Amount 500 shares Total cost 350,00 EUR Average price/ share 0,7000 EUR Highest price/ share 0,70 EUR Lowest price/ share 0,70 EUR
Tulikivi Corporation now holds a total of 117.970 shares including the shares repurchased on 13.3.2009.
Trade date 12.3.2009 Bourse trade BUY Share TULAV Amount 1.500 shares Total cost 1.075,00 EUR Average price/ share 0,7167 EUR Highest price/ share 0,72 EUR Lowest price/ share 0,71 EUR
Tulikivi Corporation now holds a total of 117.470 shares including the shares repurchased on 12.3.2009.
Trade date 11.3.2009 Bourse trade BUY Share TULAV Amount 1.000 shares Total cost 700,00 EUR Average price/ share 0,7000 EUR Highest price/ share 0,70 EUR Lowest price/ share 0,70 EUR
Tulikivi Corporation now holds a total of 115.970 shares including the shares repurchased on 11.3.2009.