Suominen Oyj - Changes in company's own shares

The portion of the annual remuneration of the members of the Board of Directors of Suominen Corporation which shall be paid in shares - transfer of own shares held by the company

Helsinki, Finland, 2014-06-05 13:30 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release  5 June 2014 at 14:30 (EEST) 

THE PORTION OF THE ANNUAL REMUNERATION OF THE MEMBERS OF THE BOARD OF DIRECTORS
OF SUOMINEN CORPORATION WHICH SHALL BE PAID IN SHARES - TRANSFER OF OWN SHARES
HELD BY THE COMPANY 

The Annual General Meeting (AGM) of Suominen Corporation held on 26 March 2014
resolved on the following annual remuneration payable to the members of the
Board of Directors for the year 2014: Chair 50,000 euro, Deputy Chair 37,500
euro and other members 28,000 euro. Further, it was decided that 40% of the
annual remuneration shall be paid in shares of Suominen Corporation. 

In accordance with the resolution by the AGM, the number of shares forming the
above-mentioned remuneration portion payable in shares will be determined based
on the share value in the stock exchange trading maintained by NASDAQ OMX
Helsinki Ltd, calculated as the trade volume weighted average quotation of the
share during the one month period immediately following the date on which the
interim report of January-March 2014 of the company is published. The shares
will be given out of the own shares held by the company through the decision of
the Board of Directors by 6 June 2014 at the latest. 

Based on the above, the aggregate number of shares to be transferred to the
members of the Board of Directors as their remuneration payable in shares is
120,848 shares. The value of the transferred shares totals 68,600 euro, or
approximately 0.5677 euro per share. These shares have been granted out of the
Company's own shares today, 5 June 2014, after the resolution taken by the
Board of Directors. The resolution was based on the AGM's authorization for the
Board of Directors to decide on a share issue. Since the decision taken by the
Board of Directors was essentially an execution of a detailed resolution taken
by the AGM, the Board did not exercise independent discretion when it decided
on the transfer of the shares. The transferred shares are of the same class as
the company's other shares. 

The company held 1,924,367 own shares before the above-mentioned transfer of
shares. The aggregate number of shares transferred to the members of the Board
of Directors today on 5 June 2014 is 120,848. After the share transfer,
Suominen Corporation holds 1,803 519 own shares. 

SUOMINEN CORPORATION
Board of Directors

For further information, please contact: Tapio Engström, Senior Vice President,
CFO, Suominen Corporation, tel. +358 10 214 300 

Suominen in brief

Suominen supplies its industrial and retail customers with nonwovens and
flexible packaging for use in consumer products worldwide. Suominen is the
global market leader in nonwovens for wipes. The company employs more than
1,000 people in Europe and in the Americas. Suominen's net sales in 2013
amounted to MEUR 433.1 and reported operating profit excluding non-recurring
items was MEUR 18.1 (continuing operations). The Suominen share (SUY1V) is
listed in NASDAQ OMX Helsinki Stock Exchange. Read more at www.suominen.fi. 

Distribution:
NASDAQ OMX Helsinki Oy
Main media
www.suominen.fi