Referenssi

Suominen Plc

Reverse stock split, Financial advisor

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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