Notification under Chapter 9, Section 10 of the Securities Market Act

Helsinki, Finland, 2015-01-29 21:00 CET (GLOBE NEWSWIRE) -- Suominen Corporation   Stock Exchange Release  29 January 2015 at 22.00 (EET)

NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT

Suominen Corporation has on 29 January 2015 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:

Mandatum Life Insurance Company Limited (business identity code 0641130-2)

3. Reason for the notification:

Acquisition or disposal of shares or voting rights.

4. Thresholds that are reached or crossed

The ownership increases so that the threshold of 5 % will be reached or crossed.
The voting rights increases so that the threshold of 5 % will be reached or crossed.

5. Date on which the thresholds were reached or crossed

23 January 2015

6. Holdings of shares and voting rights notified in the previous notification:

 

Shares and voting rights (type of share or ISIN code Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
FI0009010862 12,318,243 4.97% 12,318,243 4.97%
Total 12,318,243 4.97% 12,318,243 4.97%

 

 

 

7. Holdings of shares and voting rights after the triggering transaction:

 

Shares and voting rights (type of share or ISIN code) Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
FI0009010862 12,318,243 4.97% 12,318,243 4.97%
Total 12,318,243 4.97% 12,318,243 4.97%

 

 

 

Agreement or arrangement that, if realized, would result in the acquisition or disposal of shares or voting rights Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
Convertible hybrid bond +3,714,000 +1.40% +3,714,000 +1.40%
Total +3,714,000 +1.40% +3,714,000 +1.40%

 

 

 

Total in section 7 Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
  16,032,243 6.37% 16,032,243 6.37%

 


8. Total number of shares and voting rights in the issuer as used in the calculation for the notification:

The total number of shares on the date of notification: 247,934,122. After the conversion of the hybrid bond, 251,648,122 (including the shares potentially subscribed based on Mandatum’s holding in the convertible hybrid bond. However, the calculation excludes the shares potentially subscribed by the other holders of the convertible hybrid bond.

The total number of voting rights on the date of notification: 247,934,122. After the conversion of the hybrid bond, 251,648,122 (including the shares potentially subscribed based on Mandatum’s holding in the convertible hybrid bond. However, the calculation excludes the shares potentially subscribed by the other holders of the convertible hybrid bond.

9. Direct holding of shares and voting rights

 

Direct holding in shares and voting rights Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
  16,032,243 6.37% 16,032,243 6.37%

 


Additional information on the agreements or arrangements:

Type of agreement or other arrangement: Convertible hybrid bond.
Duration of agreement or other arrangement: As of the subscription of the hybrid bond 5 February 2014.
Intended date for exercising agreement or other arrangement: The period for converting the bond notes starts on 11 February 2014 and ends on 10 February 2018.

Additional information

Mandatum Life Insurance Company Limited (Mandatum) has on 5 February 2014 subscribed convertible hybrid bond notes issued by Suominen Corporation, which entitles Mandatum to subscribe maximum of 3,714,000 new shares in Suominen during the converting period of 11 February 2014 to 10 February 2018. In case Mandatum uses its subscription right, its ownership of total shares and votes in Suominen Corporation exceeds the 5 % threshold. After the possible subscription Mandatum owns 16,032,242 shares and votes, which corresponds to 6,37 % of all shares and votes in Suominen Corporation taking into account the increase in total shares and votes in Suominen Corporation following the possible subscription by Mandatum.

This notification of major shareholding have been issued under the Chapter 9 Section 5.2 of the Securities Markets Act and concerns the crossing of the 5 % threshold following possible subscription of shares based on convertible hybrid bond. This arrangement, which leads to crossing of 5 % notification threshold if executed, was not notified on the subscription date of the convertible hybrid bond because at that time Mandatum owned more than 5 % of the shares in Suominen Corporation and thus the arrangement would not have at that time led to crossing of new notification thresholds.

With a transaction executed on 23 January 2015 Mandatum has sold Suominen Corporation’s shares based on which Mandatum’s share of Suominen Corporation’s existing shares  and votes has decreased to less than 5 %. Mandatum has issued separate notification under Chapter 9 Section 5.1 following such sale of shares.

Suominen Corporation
Nina Kopola, President & CEO

For additional information, please contact:
Nina Kopola, President and 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 2013 amounted to MEUR 373.7 and operating profit excluding non-recurring items to MEUR 19.4 (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

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