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Number of shares of Suominen Corporation has changed according to the binding Performance Share Plan 2015 share subscriptions

Helsinki, Finland, 2015-02-13 08:15 CET (GLOBE NEWSWIRE) -- Suominen Corporation  Stock Exchange Release  13 February 2015 at 9:15 EET

The Board of Directors of Suominen Corporation has on December 4, 2014 decided on a directed share issue for the Suominen Corporation’s Executive Team and Corporate Leadership Team relating to Suominen binding Performance Share Plan. In the share issue a maximum total of 550,000 Suominen Corporation new shares were offered for subscription at the price of 0.67 euro per share. The price is the same as the trade volume weighted average price in NASDAQ OMX Helsinki Ltd during 1 November – 30 November 2014 and which corresponds to the fair value approved by the tax authorities.

In the share issue a total of 507,388 Suominen Corporation new shares were subscribed for. The shares subscribed for have been registered in the Trade Register on 13 February 2015, as of which date the new shares will establish shareholder rights. The shares will be traded on the NASDAQ OMX Helsinki Ltd on 16 February 2015.

Prior to the registration of the new shares subscribed, Suominen Corporation had in total 249,396,191 shares and votes. After the registration of the new shares Suominen Corporation has a total of 249,903,579 shares and votes.

The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of the shareholders held on 26.3.2014.

Suominen Corporation
Nina Kopola, President & CEO

For further information, please Nina Kopola, President & CEO, tel. +358 10 214 300

Distribution:
NASDAQ OMX Helsinki Ltd
Key media
www.suominen.fi

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 approximately 600 people in Europe and in the Americas. Suominen’s net sales in 2014 amounted to MEUR 401.8 and operating profit excluding non-recurring items to MEUR 26.9 (continuing operations). The Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi.