Suominen Oyj - Company Announcement

Number of shares of Suominen Corporation has changed

Helsinki, Finland, 2016-03-22 07:45 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release   22 March 2016 at 8:45 am (EET) 

Number of shares of Suominen Corporation has changed

The number of shares of Suominen Corporation has changed due to the reverse
share split. After the reverse share split, the total number of shares in
Suominen Corporation is 51,216,232. The new number of shares has been
registered with the Trade Register today and trading with the merged shares
commences today on 22 March 2016. The reverse split does not have an impact on
the treasury shares held by Suominen (913,886 shares). 

The Annual General Meeting of Suominen Corporation held on 16 March 2016
decided to reduce the number of shares in the company without reducing share
capital in a reverse share split procedure pursuant to the Chapter 15, Section
9 of the Limited Liability Companies Act (624/2005) so that each five (5)
shares shall be merged as one (1) share. The purpose of merging the shares is
to increase the interest for the company’s shares, facilitate the trade in the
shares and to increase flexibility in connection of possible payment of
dividend. The procedure has been explained in more detail in Suominen’s Stock
Exchange Release issued on 29 January 2016 and in the Notice to the Annual
General Meeting, issued on 29 January 2016. 

Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact Mr. Tapio Engström, CFO, 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 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. 

Distribution:
Nasdaq Helsinki
Main media
www.suominen.fi