Notification according to chapter 9, section 5 and 6 of the Securities Market Act: TVF TopCo Limited ownership in Suominen has decreased below 5 percent
Suominen Corporation, stock exchange release on December 16, 2019 at 1 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 TVF TopCo Limited in Suominen Corporation has fallen below the threshold of 5%. TVF TopCo Limited is ultimately owned by the Triton Value Fund (TVF).
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: TVF TopCo Limited
City and country of residence: St. Helier, Jersey
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||Less than 5%||n/a||Less than 5%||58,259,219|
|Position of previous notification (if applicable)||5.68%||n/a||5.68%|
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||Less than 5%||n/a||Less than 5%||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|
|Triton Value Fund||Less than 5%||Less than 5 %||Less than 5%|
TVF TopCo Limited is ultimately owned by the Triton Value Fund (TVF). TVF refers to the individual limited partnership and corporate entities which together constitute the fund as a whole.
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.