Suominen Oyj - Total number of voting rights and capital

Change in the number of shares of Suominen Corporation due to share conversions related to the hybrid bond

Helsinki, Finland, 2016-12-07 08:00 CET (GLOBE NEWSWIRE) -- Suominen
Corporation  Stock Exchange Release  7 December 2016 at 9:00 am EET 

Change in the number of shares of Suominen Corporation due to share conversions
related to the hybrid bond 

In February 2014, Suominen Corporation issued a EUR 17.5 million convertible
hybrid bond to finance the acquisition of the plant in Brazil. The bondholders
have a right to convert the bond notes and the accrued capitalized interest
related to the notes into Suominen shares. The conversion period started on 11
February 2014 and will end on 10 February 2018. In accordance with the original
terms and conditions of the bond, the Conversion Rate of the bond is EUR 0.50
per share. The average volume weighted share price of the Company’s share
during the last three (3) months before the issue of the bond was EUR 0.48.
After the reverse share split, conducted on 21 March 2016, the Conversion Rates
is EUR 2.50, in accordance with the Reverse Split Ratio. 

On 25 November 2016, bond notes and accrued capitalized interest related to the
notes were converted to total of 449,410 new shares in Suominen Corporation.
The new shares have been registered in the Trade Register on 7 December 2016,
as of which date the new shares will establish shareholder rights for the
owners. The shares will be traded on the Nasdaq Helsinki Ltd approximately as
of 8 December 2016. The conversion rate shall be recorded under the invested
non-restricted equity fund of Suominen. 

Prior to the conversion, Suominen Corporation had total of 51,216,232 shares
and votes. After the registration of the new shares granted due to the
conversion, Suominen Corporation has a total of 51,665,642 shares and votes.
The number of shares in Suominen may increase by maximum of 7,020,320 shares on
the basis of the conversion of the remaining bond notes and the potential
capitalized interest, if the conversion is carried out by issuing new shares in
Suominen. 

Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact Nina Kopola, President & CEO, tel. +358
10 214 300 

Distribution:
Nasdaq Helsinki
Key media
www.suominen.fi

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 over 600 people in Europe and in the Americas.
Suominen’s net sales in 2015 amounted to EUR 444.0 million and operating profit
excluding non-recurring items to EUR 31.2 million. The Suominen share (SUY1V)
is listed in Nasdaq Helsinki Stock Exchange (Mid Cap). Read more at
www.suominen.fi.