• Home
• Newsroom
• Notification according to chapter 2, section 10 of the Securities Markets Act

Notification according to chapter 2, section 10 of the Securities Markets Act

Tampere, Finland, 2011-08-04 15:45 CEST (GLOBE NEWSWIRE) -- Suominen Corporation            Stock exchange release 4 August 2011 at 4:45 p.m.


Notification according to chapter 2, section 10 of the Securities Markets Act

Suominen Corporation has today received a notification of change in holdings in accordance with chapter 2, section 9 of the Securities Markets Act as follows:

Ahlstrom Corporation’s share of the total number of shares and voting rights in Suominen Corporation shall exceed 25 per cent as a result of the arrangement which, if completed, may result in the exceeding of the flagging threshold.

In accordance with chapter 2, section 9 of the Finnish Securities Markets Act we hereby notify the Financial Supervisory Authority and Suominen Corporation as follows:

1. Name of the issuer of shares: Suominen Corporation

2. Reason for the flagging notification: arrangement which may result in the exceeding of the flagging threshold of 25 per cent based on the total number of shares and voting rights as set out in chapter 2, section 9 of the Finnish Securities Market Act. 

3. Name and business identity code of the shareholder subject to the notification obligation: Ahlstrom Corporation, Business ID 1670043-1.

4. Share of the total number of shares and voting rights in the issuer:

Ahlstrom Corporation has no shareholding in Suominen Corporation before the arrangement.

Ahlstrom Corporation’s shareholding after the arrangement:
Number of shares: 66,666,666 shares
Share of the total number of shares and voting rights: 28.21%

5. Main content of the arrangement:

Ahlstrom Corporation (“Ahlstrom”) has, in an agreement signed on 4 August 2011, agreed on a transaction (“Transaction”) by which Ahlstrom Corporation’s Home and Personal nonwovens business area is sold to Suominen Corporation (“Suominen”). The completion of the transaction is subject to e.g. approval by competition authorities. The transaction will be financed by share issue and debt. The share issue will be carried out as a directed share issue with a subscription price of 0.45 euro per share.

In relation to the transaction, Ahlstrom has on 4 August 2011 signed a commitment to subscribe for new shares for 30 million euros in a directed share issue prepared by Suominen Corporation. The commitment is subject to e.g. approval by competition authorities needed for the completion of the transaction. On the basis of the commitment, Ahlstrom would subscribe for a total of 66,666,666 new shares in Suominen’s share issue. If the share issue were carried out at the minimum size, Ahlstrom’s share in Suominen’s shares after the share issue would be 28.21%. If a greater number than the minimum number of shares was subscribed in the share issue, Ahlstrom’s final shareholding would be smaller.

The registered number of issued shares of Suominen Corporation totals 47,395,014 and each share has one vote.

Tampere 4 August 2011

Suominen Corporation

Arto Kiiskinen
Vice President and CFO


For additional information, please contact:
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300


Suominen produces high-quality flexible packaging, wet wipes and nonwovens for industry and the retail sector. The Group is one of Europe’s leading manufacturers in all its business areas, with operations in Finland, Poland, the Netherlands, and Russia. The Group had net sales of EUR 173 million in 2010 and it employs around 900 people. Suominen is listed on NASDAQ OMX Helsinki. www.suominen.fi