The shareholding of Oy Etra Invest Ab crosses the 10% flagging threshold

Helsinki, Suomi, 2017-06-02 15:30 CEST (GLOBE NEWSWIRE) -- Suominen Corporation   Stock Exchange Release 2 June 2017 at 16:30 EEST

The shareholding of Oy Etra Invest Ab crosses the 10% flagging threshold

Suominen Corporation has today received a notification referred to in Chapter 9, Section 5 of the Securities Market Act. According to the notification, the shareholding of Oy Etra Invest Ab in Suominen Corporation will cross the 10% flagging threshold.

1. Identity of the issuer: Suominen Corporation

2. Reason for the notification: Conversion of the bond notes and accrued interests of the hybrid bond issued by Suominen Corporation into shares (conversion notification to Suominen Corporation).

3. Details of person subject to the notification obligation: Erkki Etola, domicile Helsinki, Finland

4. Full name of the shareholder: Oy Etra Invest Ab (company under the controlling power of the person subject to the notification obligation, crossing the flagging threshold)

5. Date on which the threshold was crossed or reached: 2 June 2017

6. Total positions of person subject to the notification obligation:

 

  % of shares and voting rights (total of 7.A) % of shares and voting rights through financial instruments (total of 7.B) Total of both in % (7.A + 7.B) Total number of shares and voting rights of the issuer
Resulting situation on the date on which threshold was crossed or reached 12.81   12.81 51,665,642
Position of previous notification 8.08 2.88 10.96  

  

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights
Class/type of shares Number of shares and voting rights % of shares and voting rights
FI0009010862 Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7)
  6,619,009   12.81  
SUBTOTAL A 6,619,009   12.81  

 

8. Information in relation to the person subject to the notification obligation

Name % of shares and voting rights Shares, votes and financial instruments, total
Erkki Etola 0.19 100,000
Oy Etra Invest Ab 11.33 5,853,605
Tiiviste-Group Oy 1.29 665,404

  

Changes in the combined shareholdings of Mr Erkki Etola and the companies under his controlling power (Oy Etra Invest Ab and Tiiviste-Group Oy) do not cross the flagging thresholds.


Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact: Nina Kopola, President & CEO, 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 some 650 people in Europe and in the Americas. Suominen’s net sales in 2016 amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 million. The Suominen share (SUY1V) is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at www.suominen.fi.


Distribution:
Nasdaq Helsinki
Key media

www.suominen.fi
 

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