Suominen Oyj - Major shareholder announcements

The shareholding of Mr Erkki Etola and companies under his controlling power in Suominen Corporation has crossed the 10% flagging threshold

Helsinki, Finland, 2016-06-10 14:30 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release 10 June 2016 at 15:30 EEST 

The shareholding of Mr Erkki Etola and companies under his controlling power in
Suominen Corporation has crossed the 10% flagging threshold 

Suominen Corporation has today received a notification referred to in Chapter
9, Section 5 of the Securities Market Act. According to the notification, the
shareholding of Mr Erkki Etola and companies under his controlling power in
Suominen Corporation has crossed the 10% flagging threshold. 

1. Identity of the issuer: Suominen Corporation

2. Reason for the notification: Acquisition or disposal of shares or voting
rights 

3. Details of person subject to the notification obligation: Oy Etra Invest Ab,
domicile Helsinki, Finland 

4. Full name of the shareholder(s): Etra Invest Oy Ab, Tiiviste-Group Oy and
Erkki Etola 

5. Date on which the threshold was crossed or reached: 9 June 2016

6. Total positions of person(s) subject to the notification obligation:



                     % of shares   % of shares and      Total of  Total number  
                      and voting    voting rights        both in   of shares and
                      rights        through financial    % (7.A    voting rights
                      (total of     instruments (total   + 7.B)    of the issuer
                      7.A)          of 7.B)                                     
--------------------------------------------------------------------------------
Resulting situation          8.08                 2.88     10.96      51,216,232
 on the date on                                                                 
 which threshold                                                                
 was crossed or                                                                 
 reached                                                                        
--------------------------------------------------------------------------------
Position of                  6.46                                               
 previous                                                                       
 notification                                                                   
--------------------------------------------------------------------------------





7. Notified details of the resulting situation on the date on which the
threshold was crossed or reached: 



A: Shares and voting rights                                                     
--------------------------------------------------------------------------------
- 
Class/type of   Number of shares and voting      % of shares and voting rights  
 shares          rights                                                         
--------------------------------------------------------------------------------
FI0009010862    Direct (SMA   Indirect (SMA 9:6  Direct (SMA   Indirect (SMA 9:6
                 9:5)          and 9:7)           9:5)          and 9:7)        
--------------------------------------------------------------------------------
                   4,139,164                             8.08                   
--------------------------------------------------------------------------------
SUBTOTAL A         4,139,164                             8.08                   
--------------------------------------------------------------------------------







B: Financial instruments according to SMA 9:6a                                  
--------------------------------------------------------------------------------
- 
Type of        Expira  Exercise/     Physical or cash     Number of    % of     
 financial     tion    Conversion     settlement           shares and   shares  
 instrument     date    period                             voting       and     
                                                           rights       voting  
                                                                        rights  
--------------------------------------------------------------------------------
Suominen               Conversion    Notes and accrued      1,477,080       2.88
 Corporation            period 11     interests can be                          
 convertible            Feb 2014 –    converted to new                          
 hybrid bond            10 Feb 2018   or existing shares                        
--------------------------------------------------------------------------------
SUBTOTAL B                                                                  2.88
--------------------------------------------------------------------------------





8. Information in relation to the person subject to the notification obligation



Name         % of shares and     % of shares and voting rights         Total of 
              voting rights       through financial instruments         both    
--------------------------------------------------------------------------------
Erkki Etola                0.19                                             0.19
--------------------------------------------------------------------------------
Oy Etra                    7.89                                  1.57       9.46
 Invest Ab                                                                      
--------------------------------------------------------------------------------
Tiiviste-Gr                                                      1.31       1.31
oup Oy                                                                          
--------------------------------------------------------------------------------





Oy Etra Invest Ab and Tiiviste-Group Oy are companies where controlling power
is exercised by Mr Erkki Etola. 


Suominen Corporation
Nina Kopola, President & CEO

For further information, please contact: Nina Kopola, President & CEO, 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
Key media
www.suominen.fi