2015-01-29 08:30:00 CET

2015-01-29 08:30:05 CET


REGULATED INFORMATION

Finnish English
Suominen Oyj - Company Announcement

Proposals by the Nomination Board to the Annual General Meeting of Suominen Corporation 


Helsinki, Finland, 2015-01-29 08:30 CET (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock exchange release 29 January 2015 at 9:30am (EET) 

PROPOSALS BY THE NOMINATION BOARD TO THE ANNUAL GENERAL MEETING OF SUOMINEN
CORPORATION 

The Nomination Board of the shareholders of Suominen Corporation's proposes to
the Annual General Meeting that the number of board members increases from the
current five (5) to six (6). Further, the Nomination Board proposes that Mr
Jorma Eloranta, Mr Risto Anttonen, Mr Hannu Kasurinen and Ms Jaana Tuominen
would be re-elected as members of Suominen Corporation's Board of Directors. 

Further, the Nomination Board proposes that Mr Andreas Ahlström and Ms Laura
Raitio would be elected as new members of the Board of Directors. 

Mr Ahlström has acted as Investment Manager at Ahlström Capital Oy since 2009.
Additionally, he is currently a Chair of the Board of Directors at Frangible
Safety Posts and a member of the Board of Directors of Ripasso Energy and
Scandinavian Biogas. Mr Ahlström, M Sc (Economics and Administration), was born
in 1976 and he is a Finnish citizen. 

MS Laura Raitio has acted as CEO of Diacor terveyspalvelut Oy since 2014 and
prior to that in several leadership and managerial positions in Ahlstrom Group
since 1990's. Ms Raitio is a member of the Board of Directors of Neste Oil and
Terveyspalvelualojen liitto ry (in Confederation of Finnish Industries EK). MS
Raitio was born in 1962 and she is Finnish citizen. 


Ms Suvi Hintsanen, member of the Board of Directors of Suominen Corporation,
has informed the Nomination Board that she is no longer available as a
candidate to continue in the Board of Directors of Suominen. 

The Nomination Board recommends that the new Board of Directors, if elected by
the general meeting in accordance with the proposal by the Nomination Board,
elects Jorma Eloranta as Chair of the Board and Risto Anttonen as Vice Chair of
the Board. 

All candidates have given their consent to the election. All candidates are
independent of the company. The candidates are also independent of Suominen's
significant shareholders, with the exception of Andreas Ahlström who acts
currently as Investment Manager at Ahlström Capital Oy. The largest shareholder
of Suominen, AC Invest Two B.V: is a group company of Ahlström Capital. 


The candidate information relevant considering their service for the Board of
Directors is presented at the company website www.suominen.fi. In addition, the
curriculum vitaes and a photos of Andreas Ahlström and Laura Raitio are
attached to this release. 

Proposal on the Board remuneration

The Nomination Board of the shareholders of Suominen Corporation proposes to
the Annual General Meeting that the remuneration of the Board of Directors
remains unchanged, and the Chair would be paid an annual fee of EUR 50,000,
Vice Chair of the Board an annual fee of EUR 37,500 and other Board members an
annual fee of EUR 28,000. Further, the members of the Board will receive a fee
of EUR 500 for each meeting of the Board of Directors held in the home country
of the respective member and a fee of EUR 1,000 per each meeting of the Board
of Directors held elsewhere than in the home country of the respective member.
The Nomination Board proposes that 60% of the remuneration be paid in cash and
40% in Suominen Corporation's shares. 

The number of shares forming the above remuneration portion which is payable in
shares will be determined based on the share value in the stock exchange
trading maintained by NASDAQ OMX Helsinki Oy, 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 2015 of the
company is published. The shares will be given out of the own shares held by
the company by the decision of the Board of Directors by 5 June 2015 at the
latest. 

Compensation for expenses will be paid in accordance with the company's valid
travel policy. 

The Nomination Board of the shareholders of Suominen Corporation consists of
the representatives of the three largest shareholders of the company by the
decision made by the Annual General Meeting. As of 13 October the Nomination
Board consists of Mr Thomas Ahlström, Managing Director of Antti Ahlström
Perilliset Oy and a member of the Board of Directors at Ahlström Capital Oy;
representing AC Invest Two B.V. in the Nomination Board; Mr Timo Ritakallio,
Deputy CEO of Ilmarinen Mutual Pension Insurance Company and Mr Reima Rytsölä,
Chief Investment Officer of Varma Mutual Pension Insurance Company. Mr Jorma
Eloranta, Chair of Suominen's Board of Directors, acts as the fourth member of
the Nomination Board. Thomas Ahlström acts as the Chair of the Nomination
Board. 

All of the proposals made by the Nomination Board were unanimous. Jorma
Eloranta, Chair of the Board of Directors of Suominen, did not take part in
decision-making concerning the remuneration of the Board of Directors. Further,
he did not attend the decision-making related to the Nomination Board's
recommendation on the Chair of the Board. 

The Board of Directors of Suominen Corporation will include the proposals
submitted by the Nomination Board to the Notice of the Annual General Meeting
of Suominen which will be published at a later date. The Annual General Meeting
of Suominen Corporation is scheduled to be held on 19 March 2015. 

Suominen Corporation
Nina Kopola, President & CEO

For additional information please contact:
Thomas Ahlström, Chair of the Nomination Board of Suominen Corporation, tel.
+358 50 550 2330 

Distribution:
NASDAQ OMX Helsinki Ltd.
Main 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 2013 amounted to MEUR 373.7 and operating
profit excluding non-recurring items to MEUR 19.4 (continuing operations). The
Suominen share (SUY1V) is listed in NASDAQ OMX Helsinki Stock Exchange. Read
more at www.suominen.fi.