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

Helsinki, Finland, 2015-01-29 20:55 CET (GLOBE NEWSWIRE) -- Suominen Corporation   Stock Exchange Release  29 January 2015 at 21:55 (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 decreases so that the threshold of 5 % will be reached or crossed.
The voting rights decreases 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
%
ISIN FI0009010862 22,322,222 9,1% 22,322,222 9,1%
Total 22,322,222 9,1% 22,322,222 9,1%

 

 

 

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%

 

 

 

Total in section 7 Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
  12,318,243 4.97% 12,318,243 4.97%

 


8. Total number of shares and voting rights in the issuer as used in the calculation for the notification: 247,934,122 on the date of the notification.

9. Direct holding of shares and voting rights

 

Direct holding in shares and voting rights Shares
Number
Shares
%
Voting rights
Number
Voting rights
%
  12,318,243 4.97% 12,318,243 4.97%

 


Additional information

With a transaction executed on 23 January 2015 Mandatum Life Insurance Company Limited (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 %. After the transaction Mandatum owns 12,318,243 shares and votes in Suominen Corporation (4.97 % of total shares and votes in Suominen Corporation).

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 again over the 5 % threshold. Therefore  Mandatum issued separate notification of major shareholding under Securities Market Act Chapter 9 Section 5.2 regarding its right to subscribe shares based on the convertible hybrid bond, which is an arrangement that, if realized, would result in crossing of the 5 % threshold. This arrangement 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.

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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