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Meriaura Group Oyj: The schedule for the execution of the acquisition of Summa Defence Oy's share capital is being postponed
Globenewswire· 2025-05-12 09:00
Core Viewpoint - The execution schedule for the acquisition of Summa Defence Oy's share capital by Meriaura Group Plc is being postponed, with the execution now expected to take place in May 2025, pending the fulfillment of certain conditions [1][2]. Group 1: Acquisition Details - Meriaura Group Plc signed a conditional share exchange agreement on January 29, 2025, to acquire the entire share capital of Summa Defence Oy, which focuses on defense and security [1]. - The acquisition is part of a broader arrangement that includes the sale of shares in Meriaura Oy to Meriaura Invest Oy and the acquisition of treasury shares from Meriaura Invest Oy [1]. - The annual general meeting approved the arrangement on April 24, 2025, granting the Board of Directors the authority to decide on the execution [1]. Group 2: Execution Schedule - Not all conditions for beginning the execution of the arrangement have been fulfilled, leading to an update on the execution schedule [2]. - The execution is now expected to occur during May 2025, with trading in the new shares anticipated to begin on June 2, 2025, on the First North Growth Market in Sweden and Finland [2]. Group 3: Company Overview - Meriaura Group Plc operates in two business areas: Marine Logistics and Renewable Energy [3]. - The Marine Logistics segment includes Meriaura Oy, which provides low-emission marine transport services in Northern Europe, particularly in the Baltic Sea and North Sea regions [4]. - VG-EcoFuel Oy, part of the Marine Logistics business, produces biofuels from bio-oils and recycled oils [5]. - The Renewable Energy business focuses on clean energy solutions, including large-scale solar thermal systems and high-quality solar power systems through Rasol Oy [6].
Meriaura Group Oyj: The controlling company of Arto Räty, a Member of the Board of Meriaura Group Plc, has acquired shares in summa Defence Oy
Globenewswire· 2025-05-07 11:00
Group 1: Acquisition Details - 3Lions Oy, the controlling company of Arto Räty, has acquired 106,287 shares of Summa Defence Oy at approximately 0.94 euro per share, totaling around 100,000 euros [1] - The shares acquired will be exchanged for 4,999,998 shares of Meriaura Group Oyj, subject to an 18-month transfer restriction [1] Group 2: Company Overview - Meriaura Group Plc operates in two business areas: Marine Logistics and Renewable Energy [2] - Meriaura Oy, part of the Marine Logistics business, specializes in low-emission marine transport services for bulk cargo and project deliveries in Northern Europe, particularly in the Baltic Sea and North Sea regions [3] - VG-EcoFuel Oy, included in the Marine Logistics business, produces biofuels from bio-oils and recycled oils [4] Group 3: Renewable Energy Focus - The Renewable Energy business of Meriaura Group focuses on clean energy solutions, designing and delivering clean energy production systems for industry and district heating [5] - The Renewable Energy segment includes Rasol Oy, which provides solar power systems for various applications [5] Group 4: Stock Information - Meriaura Group's shares are listed on Nasdaq First North Growth Market Sweden under the name MERIS and on Nasdaq First North Growth Market Finland under the name MERIH [6]
Meriaura Group Plc: Hanna Kyrki appointed as General Counsel to Summa Defence's Executive Management Team
Globenewswire· 2025-04-28 08:00
Company Overview - Hanna Kyrki has been appointed as General Counsel of Summa Defence Oy and will join the Executive Management Team effective August 4, 2025 [1] - Kyrki has extensive experience in international legal affairs, corporate governance, regulation, and compliance, having previously worked at Veikkaus Group and Patria [2][3] Executive Management Team - The current members of Summa Defence's Executive Management Team include Jussi Holopainen (CEO), Riitta Honkanen-Vaheri (Chief Human Resources Officer), Tommi Malinen (Chief Sales Officer), Tommi Manninen (Chief Communications Officer), Risto Takkala (Chief Financial Officer), Juha Vauhkonen (Director of Defence and Security Affairs), and Hanna Kyrki (General Counsel) [4] Merger Announcement - On January 29, 2025, Meriaura Group Plc signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy, creating a strong group focused on safety and security in Finland [4] - The new company will be named Summa Defence Plc, with Meriaura Group's shareholders holding 11.9% and Summa Defence's shareholders holding 88.1% of the new entity [4] Business Areas - Meriaura Group operates in two business areas: Marine Logistics and Renewable Energy [7] - The Marine Logistics segment provides low-emission transport services for bulk cargo and project deliveries, particularly in Northern Europe [8] - The Renewable Energy segment focuses on clean energy systems, including solar thermal systems and high-quality solar power systems [10]