Helsinki, Finland, 2014-01-10 19:15 CET (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 10 January 2014 at 20.15 (EET)
NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT
Suominen Corporation has today received a notification referred to in Chapter 9, Section 5 of the Securities Market Act:
1. Name of the issuer of shares:
Suominen Corporation (business identity code 1680141-9)
2. Name of the shareholder subject to the notification obligation:
Ahlstrom Oyj (business identity code 1670043-1)
3. Reason for the notification:
Agreement or other arrangement that, if realized, would result in the acquisition or disposal of shares or voting rights.
4. Thresholds that are reached or crossed
The ownership may increase or decrease so that the following thresholds will be reached or crossed: 5 %, 10 %, 15 %, 20 %, 25 % tai 30 %.
The voting rights may increase or decrease so that the following thresholds will be reached or crossed: 5 %, 10 %, 15 %, 20 %, 25 % tai 30 %.
5. Date on which the thresholds are reached or crossed
10 January 2014
6. Holdings of shares and voting rights notified in the previous notification:
| Shares and voting rights (type of share or ISIN code |
Shares Number |
Shares % |
Voting rights Number |
Voting rights % |
|
SUY1V (ISIN FI0009010862) |
66 666 666 | 26.89 | 66 666 666 | 26.89 |
| Total | 66 666 666 | 26.89 | 66 666 666 | 26.89 |
7. Holdings of shares and voting rights after the triggering transaction:
| Shares and voting rights (type of share or ISIN code) |
Shares Number |
Shares % |
Voting rights Number |
Voting rights % |
|
SUY1V (ISIN FI0009010862) |
66 666 666 | 26.89* | 66 666 666 | 26.89* |
| Total | 66 666 666 | 26.89* | 66 666 666 | 26.89* |
| *22.89, if the shares subscribed for based on the convertible hybrid bond are taken into account. | ||||
Agreement or arrangement that, if realized, would result in the acquisition or disposal of shares or voting rights
| Shares, Number (+/-) |
Shares % (+/-) |
Voting rights, Number (+/-) |
Voting rights, % (+/-) |
|
| 1) Ahlstrom Corporation’s underwriting to the convertible hybrid bond |
max +43 330 000 |
max +14.88* |
max +43 330 000 |
max +14.88* |
| 2) Ahlstrom Corporation’s option to sell the convertible hybrid bond |
max -43 330 000 |
max -14.88* |
max -43 330 000 |
max -14.88* |
| *The shares subscribed for based on the convertible hybrid bond are taken into account here. | ||||
| 3) AC Invest Two B.V.’s option to acquire |
max -66 666 666 |
max -26.89* |
max -66 666 666 |
max -26.89* |
| *-22.89, if the shares subscribed for based on the convertible hybrid bond are taken into account. | ||||
| Total |
-66 666 666 – +43 330 000 |
-26.89 – +14.88 |
-66 666 666 – +43 330 000 |
-26.89 – +14.88 |
Total shares in section 7
|
Shares Number |
Shares % |
Voting rights Number |
Voting rights % |
|
| 1)+2)+3) | 0 – 109 996 666 | 0 – 37.77* | 0 – 109 996 666 | 0 – 37.77* |
| *the shares subscribed for based on the convertible hybrid bond are taken into account here. | ||||
| 1) |
66 666 666 – 109 996 666 |
22.89 – 37.77* |
66 666 666 – 109 996 666 |
22.89 – 37.77* |
| *the shares subscribed for based on the convertible hybrid bond are taken into account here. | ||||
| 1) + 2) |
66 666 666 – 109 996 666 |
22.89 – 37.77* |
66 666 666 – 109 996 666 |
22.89 – 37.77* |
| *the shares subscribed for based on the convertible hybrid bond are taken into account here. | ||||
| 3) | 0 – 66 666 666 | 0 – 26.89* | 0 – 66 666 666 | 0 – 26.89* |
| *0 – 22.89, if the shares subscribed for based on the convertible hybrid bond are taken into account. | ||||
| 1) + 3) | 0 – 109 996 666 | 0 – 37.77* | 0 – 109 996 666 | 0 – 37.77* |
| *the shares subscribed for based on the convertible hybrid bond are taken into account here. | ||||
8. Total number of shares and voting rights in the issuer as used in the calculation for the notification
| Total number of shares in the issuer | Total number of voting rights in the issuer |
| 1-2) 291 264 122 (the shares subscribed for based on the convertible hybrid bond are taken into account here) | 1-2) 291 264 122 (the shares subscribed for based on the convertible hybrid bond are taken into account here) |
| 3) 247 934 122 | 3) 247 934 122 |
9. Direct holding of shares and voting rights
|
Shares Number |
Shares % |
Voting rights Number |
Voting rights % |
| See section 7 | See section 7 | See section 7 | See section 7 |
10. Additional information on agreements and other arrangements
| Type of agreement or other arrangement | Duration of agreement or other arrangement | Intended date for exercising agreement or other arrangement |
| Ahlstrom Corporation’s underwriting to the convertible hybrid bond | 31 March 2014 | By the end of February 2014. |
| Ahlstrom Corporation’s option to sell the convertible hybrid bond | 9.5 months | - |
| AC Invest Two B.V.’s option to acquire | 10 months | - |
Suominen Corporation
Nina Kopola
President & CEO, Suominen Corporation
For additional information, please contact:
Nina Kopola, President and CEO, Suominen Corporation, tel. +358 10 214 300
Suominen in brief
Suominen supplies its industrial and retail customers with nonwovens and flexible packaging for use in consumer products worldwide. Suominen is the global market leader in nonwovens for wipes. The company employs more than 1,000 people in Europe and in the United States. Suominen’s net sales in 2012 amounted to MEUR 410.4 and operating profit excluding non-recurring items was MEUR 12.9 (continuing operations). The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.
Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi