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

Tampere, Finland, 2011-10-21 15:50 CEST (GLOBE NEWSWIRE) -- Suominen Corporation            Stock exchange release 21 October 2011 at 4:50 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:

Evald and Hilda Nissi Foundation’s share of the total number of shares and voting rights 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:
Evald and Hilda Nissi Foundation, Business ID 0223483-9.

4. Date of change in holdings: 21 October 2011.

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

Evald and Hilda Nissi Foundation’s shareholding before the share issues:
Number of shares: 4,276,980 shares
Share of the total number of shares and voting rights: 9.0%

Evald and Hilda Nissi Foundation’s shareholding following the share issues:
Number of shares: 6,943,646 shares
Share of the total number of shares and voting rights: 2.8%

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

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