Summa Defence Plc registers 1,102,901 new shares
Summa Defence Plc has registered 1,102,901 new shares in the Finnish Trade Register. The shares were issued as payment for an earn-out related to a previous acquisition.
Summa Defence Plc announced on Tuesday, September 7, 2026, that the company has registered a total of 1,102,901 new shares with the Finnish Patent and Registration Office. The registration confirms the completion of a directed share issue.
The new shares were issued as part of the payment for an earn-out related to the acquisition of Nordic Yards Oy. The shares were directed to the former shareholders of Nordic Yards, referred to as the Sellers in the transaction.
This registration means the new shares are now officially part of the company's share capital. The directed share issue was resolved on September 3, 2026.
The issuance of these shares fulfills a component of the acquisition agreement for Nordic Yards. This mechanism allows Summa Defence to settle deferred payments using its stock, aligning the interests of the former owners with the company's future performance.