Suominen Corporation announced a restructuring program aimed at achieving profitable growth, expected to save EUR 1.5 million annually at a one-time cost of EUR 2 million. The program, to be completed by September 2024, will result in the termination of up to 10 positions in headquarters and global support functions, with full impact in 2025. This initiative is part of Suominen's ongoing transformation to enhance efficiency and agility. Additionally, EVP of HR & Legal, Klaus Korhonen, will leave the company. Suominen manufactures nonwovens and aims to lead in innovation and sustainability, with net sales of EUR 450.9 million in 2023 and nearly 700 employees.

The Suominen Corporation has corrected the number of shares transferred on May 16, 2024, to 25,088, from an originally stated 25,090. The correct number of treasury shares held by the company after the transfer is 541,672, not the previously stated 541,670. The shares were transferred to the Board of Directors as part of their remuneration, with 25% of the annual remuneration being paid in company shares. The decisions were made at Suominen's Annual General Meeting on April 4, 2024. Suominen is a manufacturer of nonwovens for wipes and other applications, with net sales of EUR 450.9 million in 2023.

On May 21, 2024, Suominen Corporation announced that Board Member Aaron Barsness received a share-based incentive. The transaction, which took place outside a trading venue on May 16, 2024, involved 3264 shares at a unit price of zero. The notification was the initial one for this transaction. Suominen, a manufacturer of nonwovens for wipes and other applications, had a net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

Suominen Corporation announced that Björn Borgman, a member of the board and deputy member, has received a share-based incentive. The transaction, which took place on May 16, 2024, involved 3,264 shares, received at no cost. Suominen, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

On May 21, 2024, Suominen Corporation announced that board member Nina Linander received a share-based incentive of 4,197 shares. The transaction, which took place outside a trading venue, was part of an initial notification. Suominen, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas.

Suominen Corporation has announced a share-based incentive transaction involving Laura Remes, a member of the board. The initial notification reveals that Remes received 3264 shares as part of the incentive, with the transaction occurring outside a trading venue on May 16, 2024. No unit price was provided for the shares. Suominen, a leading nonwovens manufacturer, had a net sales of EUR 450.9 million in 2023 and employs nearly 700 professionals in Europe and the Americas.

On May 21, 2024, Suominen Corporation announced that Charles Héaulmé, a member of the board, received a share-based incentive of 6,902 shares. The transaction took place outside a trading venue. Suominen Corporation, a manufacturer of nonwovens for wipes and other applications, reported net sales of EUR 450.9 million in 2023. The company has around 700 professionals working in Europe and the Americas. Its shares are listed on Nasdaq Helsinki.

Andreas Ahlström, a board member of Suominen Oyj, received a share-based incentive from the company on May 16, 2024, according to an initial notification. The incentive involved 4197 shares, which were not acquired through a trading venue. Suominen Oyj, a manufacturer of nonwovens for various applications, reported a net sales of EUR 450.9 million in 2023 and has around 700 employees across Europe and the Americas.

Suominen Corporation has transferred 25,090 shares to its Board of Directors members as part of their annual remuneration, according to a decision made at the company's Annual General Meeting on April 4, 2024. This transfer constitutes 25% of the annual remuneration. After this transaction, Suominen holds 541,670 treasury shares. The company, which specializes in manufacturing nonwovens for various applications, had a net sales of EUR 450.9 million in 2023.

On May 13, 2024, Suominen Corporation announced that Charles Héaulmé, a member of the board, had made two separate share acquisitions. The first transaction took place on May 8, 2024, where he bought 977 shares at a unit price of 2.6 EUR on NASDAQ Helsinki. The second transaction occurred on May 10, 2024, where he acquired 2272 shares at the same unit price on the same platform. Suominen Corporation, which manufactures nonwovens for various applications, had a net sales of EUR 450.9 million in 2023. The company is listed on Nasdaq Helsinki.

Suominen Corporation held its Annual General Meeting (AGM) on April 4, 2024, in Helsinki, Finland. The AGM adopted the Financial Statements for 2023 and approved the Remuneration Report for the Company’s governing bodies. The Board of Directors was authorized to decide on repurchasing of the company's shares and issuance of shares. A dividend of EUR 0.10 per share will be paid for the financial year of 2023. The AGM confirmed the remuneration of the Board of Directors, with the Chair to be paid an annual fee of EUR 74,000 and other members between EUR 35,000 and EUR 45,000. Six board members were elected, including a new member, Charles Héaulmé, who was also elected as the new Chair of the Board. Ernst & Young Oy was re-elected as the auditor of the company. The minutes of the Meeting will be available on the company’s website on April 18, 2024.