The schedule for the execution of the acquisition of Summa Defence Oy's share capital is being postponed
Summa Defence Ltd
Press release, free for publication on 12.5.2025 at 12:00 EEST
Meriaura Group Oyj (the “Company”) announced on January 29, 2025, that it had signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy, which brings together defence and security companies, through a share exchange (the “Share Exchange”). The Share Exchange is part of a broader arrangement, which also includes the sale of the shares in the Company’s subsidiary Meriaura Oy to Meriaura Invest Oy, as well as the directed acquisition of the Company’s treasury shares from Meriaura Invest Oy. The Company’s annual general meeting approved the arrangement on 24 April 2025 and authorized the Board of Directors to decide on the execution of the arrangement.
Not all conditions for beginning the execution of the arrangement have yet been fulfilled, and therefore the Company is updating its previously communicated estimate regarding the schedule of the execution. The execution is expected to take place during May 2025. Trading in the new shares issued in connection with the Share Exchange on the First North Growth Market Sweden and Finland is expected to begin estimated on 2 June 2025.
More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: jussi.holopainen@summadefence.com
Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: tommi.manninen@summadefence.com
Summa Defence in brief
Summa Defence is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. We focus on dual-use technologies related to situational awareness, mobility, and protection, benefiting the civilian, security, and defense sectors while enhancing comprehensive security, security of supply, and crisis management capabilities. www.summadefence.fi