Notification under Chapter 9, Section 10 of the Securities Market Act
Helsinki, Finland, 2015-03-16 17:45 CET (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 16 March 2015 at 6:45pm (EET)
NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT
Suominen Corporation (business identity code 1680141-9) has today received notification referred to in Chapter 9, Section 5 of the Securities Market Act from Finnish Industry Investment Ltd (Suomen Teollisuussijoitus Oy), business identity code 1007806-3).
According to the notification, Finnish Industry Investment Ltd has on 16 March 2015 divested Suominen shares and consequently crossed the flagging threshold of 5% of all shares and votes in Suominen Corporation.
In its previous notification, Finnish Industry Investment Ltd stated it held 22,222,222 Suominen shares, corresponding to 9.04% of shares and votes in Suominen Corporation. Before the transaction made on 16 March 2015, Finnish Industry Investment Ltd held 14,009,604 shares, corresponding to 5.57% of all shares and votes. After the transaction made on 16 March 2015, Finnish Industry Investment Ltd holds in total 7,009,604 Suominen shares, corresponding to 2.78% of all shares and votes.
The total number of shares and votes in Suominen Corporation used as calculation basis in the notification is 251,365,648.
Nina Kopola, President & CEO
For further information, please contact:
Nina Kopola, President & CEO, Suominen Corporation, tel +358 10 214 300
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.
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