Helsinki, Suomi, 2017-06-02 15:30 CEST (GLOBE NEWSWIRE) -- Suominen Corporation Stock Exchange Release 2 June 2017 at 16:30 EEST The shareholding of Oy Etra Invest Ab crosses 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 Oy Etra Invest Ab in Suominen Corporation will cross the 10% flagging threshold. 1. Identity of the issuer: Suominen Corporation 2. Reason for the notification: Conversion of the bond notes and accrued interests of the hybrid bond issued by Suominen Corporation into shares (conversion notification to Suominen Corporation). 3. Details of person subject to the notification obligation: Erkki Etola, domicile Helsinki, Finland 4. Full name of the shareholder: Oy Etra Invest Ab (company under the controlling power of the person subject to the notification obligation, crossing the flagging threshold) 5. Date on which the threshold was crossed or reached: 2 June 2017 6. 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 | 12.81 | 12.81 | 51,665,642 | |
| Position of previous notification | 8.08 | 2.88 | 10.96 |
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 shares | Number of shares and voting rights | % of shares and voting rights | ||
| FI0009010862 | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| 6,619,009 | 12.81 | |||
| SUBTOTAL A | 6,619,009 | 12.81 | ||
8. Information in relation to the person subject to the notification obligation
| Name | % of shares and voting rights | Shares, votes and financial instruments, total |
| Erkki Etola | 0.19 | 100,000 |
| Oy Etra Invest Ab | 11.33 | 5,853,605 |
| Tiiviste-Group Oy | 1.29 | 665,404 |
Changes in the combined shareholdings of Mr Erkki Etola and the companies under his controlling power (Oy Etra Invest Ab and Tiiviste-Group Oy) do not cross the flagging thresholds. 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 some 650 people in Europe and in the Americas. Suominen’s net sales in 2016 amounted to EUR 416.9 million and comparable operating profit to EUR 25.6 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
