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, 2015-02-23 08:30 CET (GLOBE NEWSWIRE) -- Suominen
Corporation  Stock Exchange Release  23 February 2015 at 9:30am EET 

In February 2014, Suominen Corporation issued a EUR 17.5 million convertible
hybrid bond. In accordance with the terms and conditions of the bond, 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. Conversion Rate
pursuant to the terms of the bond is EUR 0.50 per share and is determined
market-based. 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. 

The purpose of the issue of the hybrid bond was to finance the acquisition of
the plant in Brazil in February 2014. The issue was based on the authorization
by the Extraordinary General Meeting on 31 January 2014. 

On 30 January 2015, the amount of bond notes and the accrued capitalized
interest related to the notes converted to total of 1,462,069 new shares in
Suominen Corporation. The new shares have been registered in the Trade Register
on 23 February 2015, as of which date the new shares will establish shareholder
rights for the owners. The shares will be traded on the NASDAQ OMX Helsinki Ltd
approximately as of 24 February 2015. The conversion rate shall be recorded
under the invested non-restricted equity fund of Suominen. 

Prior to the conversion, Suominen Corporation had total of 249,903,579 shares
and votes. After the registration of the new shares granted due to the
conversion, Suominen Corporation has a total of 251,365,648 shares and votes.
The number of shares in Suominen may increase by maximum of 43,330,000 shares
on the basis of the conversion of the 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 OMX Helsinki Ltd
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 approximately 600 people in Europe and in the
Americas. Suominen's net sales in 2014 amounted to MEUR 401.8 and operating
profit excluding non-recurring items to MEUR 26.9 (continuing operations). The
Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read
more at www.suominen.fi.