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:
The combined share of Oy Etra Invest Ab, in which Mr Erkki Etola exercises control, and Mr Erkki Etola of the voting rights and total number of shares in Suominen Corporation has fallen below 5 per cent.
The change in holdings is related to a share issue directed to the public and a share issue directed to the holders of Suominen Corporation’s capital loan 2008 described in a stock exchange release issued by Suominen Corporation on 13 October 2011.
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: Suominen Corporation’s share issues.
3. Name and business identity code of the shareholder subject to the notification obligation:
Oy Etra Invest Ab, Business ID 0672234-6. Erkki Etola
4. Date of change in holdings: 21 October 2011.
5. Share of the total number of shares and voting rights in the issuer:
The total shareholding of Oy Etra Invest Ab and Mr Erkki Etola before the share issues: Number of shares: 8,227,336 shares Share of the total number of shares and voting rights: 17.36%
The total shareholding of Oy Etra Invest Ab and Mr Erkki Etola following the share issues: Number of shares: 12,227,336 shares Share of the total number of shares and voting rights: 4,97%
The calculation basis for the flagging is the total number of Suominen Corporation shares and voting rights registered with the Trade Register following the share issues on 21 October 2011. The number of Suominen Corporation shares and voting rights registered with the Trade Register totals 245,934,122.
Tampere 21 October 2011
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