Globenewswire

Suominen Corporation

Share

Suominen Corporation: Notification of change in holdings according to chapter 9, section 10 of the Securities Market Act

Suominen Corporation, stock exchange release on January 18, 2021 at 10:00 a.m. (EET)


Suominen Corporation has received a notification on January 15, 2021 referred to Chapter 9, Section 5 and 6 of the Securities Market Act. According to the notification, the shareholding of companies controlled by Mr. Erkki Etola in Suominen Corporation has crossed the 15% flagging threshold.

Total positions of person subject to the notification obligation:

  % of shares and voting rights (total of 7.A) % of shares and voting rights through financial instruments (total of 7.B) Total of both in % (7.A + 7.B) Total number of shares and voting rights of the issuer
Resulting situation on the date on which threshold was crossed or reached 15.34%   15.34% 58,259,219
Position of previous notification (if applicable) 12.81%   12.81%  

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 shares Number of shares and voting rights % of shares and voting rights
  Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7)
FI0009010862   8,935,404   15.34%
TOTAL   8,935,404   15.34%


Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity.

Name % of shares and voting rights % of shares and voting rights through financial instruments Total of both
Erkki Etola      
Oy Etra Invest Ab 13.34%   7.770.000
Tiiviste-Group Oy 2.0%   1.165.404

The share of ownership of Oy Etra Invest Ab and Tiiviste-Group Oy, companies controlled by Mr. Erkki Etola, of the total amount of shares and voting rights in Suominen Corporation has increased above the notification thresholds of 15%.

Tiiviste-Group Oy is a company controlled by Mr. Erkki Etola through direct ownership.
Oy Etra Invest is a company controlled by Mr. Erkki Etola through direct and indirect ownership.

SUOMINEN CORPORATION


For further information, please contact: Emilia Peltola, VP, Communications & IR, tel +358 50 540 9747


Suominen manufactures nonwovens as roll goods for wipes and other applications. Our vision is to be the frontrunner for nonwovens innovation and sustainability. The end products made of Suominen’s nonwovens, such as wet wipes, feminine care products and swabs, are present in people’s daily life worldwide. Suominen’s net sales in 2019 were EUR 411.4 million and we have nearly 700 professionals working in Europe and in the Americas. Suominen’s shares are listed on Nasdaq Helsinki. Read more at  www.suominen.fi .


Distribution:
Nasdaq Helsinki
Key media
www.suominen.fi


About Globenewswire

Globenewswire
Globenewswire
Denmark & Iceland


+45 89 88 2046http://globenewswire.com
FI