Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Bolero Holdings SARL ownership in Suominen exceeds 5 percent
Suominen Corporation, stock exchange release on December 16, 2019 at 1:15 p.m.
Suominen Corporation has on December 13, 2019 received a notification referred to in Chapter 9, Section 5 and 6 of the Securities Market Act. According to the notification, the shareholding of Bolero Holdings SARL in Suominen Corporation crosses the 5% flagging threshold.
1. Identity of the issuer: Suominen Corporation
2. Reason for the notification: An acquisition or disposal of shares or voting rights
3. Details of person subject to the notification obligation and full name of the shareholder:
Name: Bolero Holdings SARL
City and country of residence: Luxembourg, Grand Duchy of Luxembourg
5. Date on which the threshold was crossed or reached: December 11, 2019
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 | 5.81% | n/a | 5.81% | 58,259,219 |
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 | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI0009010862 | 3,382,052 | n/a | 5.81% | n/a |
8. Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Peder Prahl | 0% | n/a | 0% |
| Carey Trustees Limited | 0% | n/a | 0% |
| Bolero Trust | 0% | n/a | 0% |
| Gondelero Holdings Sarl | 0% | n/a | 0% |
The only entity holding shares in Suominen Oyj is Bolero Holdings Sarl. Bolero Holdings Sarl is 100% owned by Gondelero Holdings Sarl, which is 100% owned by Bolero Trust.
SUOMINEN CORPORATION
Petri Helsky, President & CEO
For further information, please contact: Petri Helsky, President & CEO, tel +358 10 214 3080
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 nearly 700 people in Europe and in the Americas. Suominen’s net sales in 2018 amounted to EUR 431.1 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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