Notification according to chapter 9, section 10 of the Securities Market Act: Bolero Holdings SARL ownership in Suominen decreases to below 5 percent
Suominen Corporation, stock exchange release on April 16, 2021 at 4.30 p.m. (EET).
Suominen Corporation has on April 16, 2021 received a notification referred to in Chapter 9, Section 5 and 6 of the Securities Market Act. According to the notification, the shareholding of Bolero Holdings SARL in Suominen Corporation has fallen below the 5% 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 | Below 5% | n/a | Below 5% | 58,259,219 |
| Position of previous notification (if applicable) | 5.81% | n/a | 5.81% |
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 | Below 5% | n/a | Below 5% | n/a |
| TOTAL | Below 5% | Below 5% | ||
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Peder Prahl | 0% | n/a | 0% |
| Carey Trustees Limited | 0% | n/a | 0% |
| Bolero Trust | 0% | n/a | 0% |
| Gondelero Holdings Sarl | 0% | n/a | 0% |
The only entity holding shares in Suominen Oyj is Bolero Holdings Sarl. Bolero Holdings Sarl is 100% owned by Gondelero Holdings Sarl, which is 100% owned by Bolero Trust.
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 are present in people’s daily life worldwide. Suominen’s net sales in 2020 were EUR 458.9 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
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