Helsinki, Finland, 2016-06-10 14:30 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 10 June 2016 at 15:30 EEST
The shareholding of Mr Erkki Etola and companies under his controlling power in Suominen Corporation has crossed the 10% flagging threshold
Suominen Corporation has today received a notification referred to in Chapter 9, Section 5 of the Securities Market Act. According to the notification, the shareholding of Mr Erkki Etola and companies under his controlling power in Suominen Corporation has crossed the 10% flagging threshold.
1. Identity of the issuer: Suominen Corporation
2. Reason for the notification: Acquisition or disposal of shares or voting rights
3. Details of person subject to the notification obligation: Oy Etra Invest Ab, domicile Helsinki, Finland
4. Full name of the shareholder(s): Etra Invest Oy Ab, Tiiviste-Group Oy and Erkki Etola
5. Date on which the threshold was crossed or reached: 9 June 2016
6. Total positions of person(s) subject to the notification obligation:
| % of shares and voting rights (total of 7.A) | % of shares and voting rights through financial instruments (total of 7.B) | Total of both in % (7.A + 7.B) | Total number of shares and voting rights of the issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 8.08 | 2.88 | 10.96 | 51,216,232 |
| Position of previous notification | 6.46 |
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
| A: Shares and voting rights | ||||
| Class/type of shares | Number of shares and voting rights | % of shares and voting rights | ||
| FI0009010862 | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| 4,139,164 | 8.08 | |||
| SUBTOTAL A | 4,139,164 | 8.08 | ||
| B: Financial instruments according to SMA 9:6a | |||||
| Type of financial instrument | Expiration date |
Exercise/ Conversion period |
Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Suominen Corporation convertible hybrid bond | Conversion period 11 Feb 2014 – 10 Feb 2018 | Notes and accrued interests can be converted to new or existing shares | 1,477,080 | 2.88 | |
| SUBTOTAL B | 2.88 | ||||
8. Information in relation to the person subject to the notification obligation
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Erkki Etola | 0.19 | 0.19 | |
| Oy Etra Invest Ab | 7.89 | 1.57 | 9.46 |
| Tiiviste-Group Oy | 1.31 | 1.31 |
Oy Etra Invest Ab and Tiiviste-Group Oy are companies where controlling power is exercised by Mr Erkki Etola.
Suominen Corporation
Nina Kopola, President & CEO
For further information, please contact: Nina Kopola, President & CEO, tel +358 10 214 300
Suominen in brief
Suominen manufactures nonwovens as roll goods for wipes as well as for medical and hygiene products. The end products made of Suominen’s nonwovens – wet wipes, feminine care products and swabs, for instance – bring added value to the daily life of consumers worldwide. Suominen is the global market leader in nonwovens for wipes and employs over 600 people in Europe and in the Americas. Suominen’s net sales in 2015 amounted to EUR 444.0 million and operating profit excluding non-recurring items to EUR 31.2 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi.
Distribution:
Nasdaq Helsinki
Key media
www.suominen.fi