Stocks
Final results of Suominen Corporation’s oversubscribed rights issue
Suominen Corporation's stock exchange release on July 2, 2026 at 7:00 p.m. (EEST) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, JAPAN, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. The final results of Suominen Corporation’s (hereinafter the “Company” or “Suominen”) rights issue (the “Of
About this update from Suominen Oyj
Suominen Corporation's stock exchange release on July 2, 2026 at 7:00 p.m. (EEST) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, JAPAN, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. The final results of Suominen Corporation's (hereinafter the "Company" or "Suominen") rights issue (the "Offering") show that a total of 81,504,500 subscriptions for new shares (the "New Shares") were made in the Offering, corresponding to approximately 105.7 per cent of the 77,121,272 New Shares offered in the Offering, and the Offering was thus oversubscribed. A total of 74,851,760 New Shares were subscribed for with subscription rights, corresponding to approximately 97.1 per cent of the New Shares. In addition, 2,269,512 New Shares were allocated in accordance with the terms and conditions of the Offering in the secondary subscription to subscribers who subscribed for New Shares with subscription rights. The subscription price in the Offering was EUR 0.36 per New Share. Suominen receives gross proceeds of approximately EUR 28 million from the Offering. Suominen's Board of Directors has today approved the subscriptions made in the Offering, and allocated the New Shares to be issued, in accordance with the terms and conditions of the Offering. As a result of the Offering, the total number of shares in Suominen will increase by 77,121,272 from 58,259,219 to 135,380,491. The New Shares issued in the Offering amount to approximately 57.0 per cent of the issued shares in Suominen following the Offering. The last day of trading in the interim shares on Nasdaq Helsinki Ltd ("Helsinki Stock Exchange") will be on or about 3 July 2026. The New Shares will be registered with the Finnish Trade Register maintained by the Finnish Patent and Registration Office on or about 3 July 2026. The interim shares will be merged with the Company's existing shares once the New Shares have been registered with the Finnish Trade Register. The merger will take place on or about 3 July 2026. The trading in the New Shares on Helsinki Stock Exchange will commence on or about 6 July 2026. The New Shares will carry entitlement to any dividends and other distributions of funds, as well as other ...