Description of the reference

Suominen Plc reduced the number of its shares in the spring of 2016 by combining five shares into one (so-called reverse split). The purpose of the reverse split was to increase interest in the company’s share, improve the conditions for trading and increase flexibility relating to a possible dividend payment.

We advised Suominen in the reverse split process.

Suominen Plc, founded in 1898, manufactures nonwovens as roll goods for wipes and other applications with a vision to be the frontrunner for nonwovens innovation and sustainability. Suominen has operations in Europe and in the Americas. The company had a turnover of 416.9 million euros in 2016.

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