Business
Inside information: Preliminary result of Suominen Corporation’s oversubscribed rights issue
Inside information: Preliminary result of Suominen Corporation’s oversubscribed rights
About this update from Suominen Oyj
Suominen Corporation, inside information, June 30, 2026 at 3:15 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. Suominen Corporation (“Suominen” or the “Company”) disclosed on 8 June 2026 that the Board of Directors of Suominen has decided to offer its shareholders for subscription a maximum of 77,121,272 new shares (the “New Shares”) primarily in accordance with the shareholders’ pre-emptive subscription rights in proportion to their existing holdings of shares in the Company and secondarily to other shareholders and other persons (the “Offering”). The subscription period for the Offering ended on 29 June 2026 at 4:30 p.m. EEST and according to the preliminary result, Suominen will receive gross proceeds of approximately EUR 28 million from the Offering. According to the preliminary result of the Offering, a total of 81,472,405 New Shares were subscribed for in the Offering, corresponding to approximately 105.6 per cent of the New Shares, and thus, the Offering is oversubscribed. A total of 74,827,292 New Shares were subscribed for pursuant to the exercise of subscription rights. Additionally, 6,645,113 New Shares were subscribed for without subscription rights. The subscription price in the Offering was EUR 0.36 per New Share. Charles Héaulmé, Suominen President and CEO: “I would like to thank our shareholders for their support and confidence in Suominen’s future. The completion of the Offering will enable us to accelerate the implementation of our Full Potential Program while strengthening our capital structure. Our transformation particularly focuses on enhancing the reliability and efficiency of our production and supply, and on reinforcing our commercial capabilities, allowing us to better meet the expectations of our customers and shareholders”. The final results of the Offering will be published on or about 2 July 2026 after the Board of Directors of Suominen has approved the subscriptions made in the Offering. Allocation of New Shares will be made in accordance with the terms and conditions of the Offering. As a result of the Offering, the total number of shares in Suomi...