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, 2015-06-05 09:45 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation   Stock Exchange Release  5 June 2015 at 10:45 am (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 19 March 2015
resolved on the following annual remuneration payable to the members of the
Board of Directors for the year 2015: Chair EUR 50,000, Deputy Chair EUR 37,500
and other members EUR 28,000. 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 2015 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 5 June 2015 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
86,989 shares. The value of the transferred shares totals EUR 79,800, or
approximately EUR 0.91736 per share. These shares have been granted out of the
Company's own shares today, 5 June 2015, 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 1,000,875 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 2015 is 86,989. After the share transfer, Suominen
Corporation holds 913,886 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 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. 

Distribution:

NASDAQ Helsinki
Main media
www.suominen.fi