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Notification under Chapter 9 Section 10 of the Securities Market Act

Helsinki, Finland, 2014-02-05 18:20 CET (GLOBE NEWSWIRE) -- Suominen Corporation   Stock Exchange Release  5 February 2014 at 19.20 (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:

Oy Etra Invest Ab, business identity code 0672234-6

Erkki Etola, Oy Etra Invest Ab ja Tiiviste-Group Oy (business identity code 0115121-4) together

3. Date of crossing the notification threshold: 5 February 2014

4. Reason for the notification:

Agreement or other arrangement that, if realized, would result in the crossing of the 5% notification threshold as referred to in the Chapter 9 Section 5 of the Securities Market Act and calculated from the total number of shares and voting rights.

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

Holdings of shares and voting rights notified in the previous notification, submitted on 21 October 2011:

Oy Etra Invest Ab
Number of shares 12,223,320
Share of all shares and voting rights 4.93%

Erkki Etola
Number of shares 4,016
Share of all shares and voting rights 0.00%

Tiiviste-Group: Shareholding before crossing the notification threshold:
Number of shares 0
Share of all shares and voting rights 0%

Oy Etra Invest Ab, Erkki Etola and Tiiviste-Group Oy in total:
Number of shares 12,227,336
Share of all shares and voting rights 4.93%

6. Share of all shares and voting rights after crossing of the notification threshold:

Oy Etra Invest Ab
Number of shares 15,823,320
Share of all shares and voting rights 5.43%

Erkki Etola
Number of shares 4,016
Share of all shares and voting rights 0.00%

Tiiviste-Group:
Number of shares 3,000,000
Share of all shares and voting rights 1.03%

Oy Etra Invest Ab, Erkki Etola and Tiiviste-Group Oy in total:
Number of shares 18,827,336
Share of all shares and voting rights 6.46%

7. Chain of controlled undertakings:

Oy Etra Invest Ab and Tiiviste-Group Oy are companies where controlling power is exercised by Erkki Etola.

The arrangement in brief:

The Board of Directors of Suominen Corporation decided on 31 January 2014 to offer for subscription a convertible hybrid bond directed at a limited group of qualified investors (private placement). Suominen Corporation has announced on 5 February 2014 about the acceptance of the subscriptions for the convertible hybrid bond.

The basis for the calculation of the notification is the total amount of shares and voting rights of Suominen Corporation after the shares to be subscribed through the hybrid bond have been subscribed. Based on the subscriptions related to the hybrid bond, the number of shares and voting rights after subscriptions is 291,264,122.

Suominen Corporation
Nina Kopola, President & CEO

For additional information, please contact:
Nina Kopola, President & 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 2013 amounted to MEUR 433.1 and operating profit excluding non-recurring items was MEUR 18.3 (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