Notification under Chapter 9, Section 10 of the Securities Market Act
Helsinki, Finland, 2014-10-07 13:15 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock Exchange Release 7 October 2014 at 2.15 pm (EEST)
NOTIFICATION UNDER CHAPTER 9, SECTION 10 OF THE SECURITIES MARKET ACT
Suominen Corporation (business identity code 1680141-9) has today received notifications referred to in Chapter 9, Section 5 of the Securities Market Act from both Ahlstrom Corporation (business identity code 1670043-1) and from AC Invest Two B.V. (business identity code 51490943).
According to the notifications, AC Invest Two B.V. acquires in total 66,666,666 Suominen shares from Ahlstrom Corporation, based on the option agreement disclosed on 10 January 2014. The number of shares to be aquired presents 26.89% of all shares and votes in Suominen Corporation. Due to the acquisition, the shareholding of AC Invest Two B.V. in Suominen Corporation exceeds the flagging threshold of 25% and increases into 67,724,176 shares, corresponding to 27.32% of shares and votes in Suominen Corporation. According to the notification by AC Invest Two B.V, their earlier shareholding in Suominen Corporation was below 5% of all shares and votes.
According to the notification by Ahlstrom Corporation, due to the divestment of the shares, the shareholding of Ahlstrom Corporation in Suominen Corporation decreases to zero (zero shares and votes). Ahlstrom Corporation’s earlier shareholding in Suominen Corporation was 26.89 % of all shares and votes.
Total number of shares and votes in Suominen Corporation used as calculation basis in both notifications is 247,934,122.
AC Invest Two B.V. is a fully owned subsidiary of Ahlström Capital B.V. and Ahlström Capital B.V. is a fully owned subsidiary of Ahlström Capital Oy.
Nina Kopola, President & CEO
For further information, please contact:
Nina Kopola, President & 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.
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