Summa Defence Plc Announces Key Shareholding Details
Summa Defence Plc recently made a notable announcement regarding its share ownership and voting rights. This disclosure comes as the company continues to strengthen its standing in the defense industry.
Understanding the Shareholding Notification
On June 10, a formal flagging notification was received from Baltic Work Boats, indicating that their ownership surpasses 5% of Summa Defence's share capital and voting rights. This kind of notification is essential for maintaining transparency in the financial markets, allowing investors to understand significant changes in shareholding structures.
Current Ownership Overview
Summa Defence Plc operates with a singular share series in which each share holds equal voting power. The total number of shares outstanding is an impressive 4,567,193,463. Not surprisingly, the notification reveals that Baltic Work Boats holds 8.23% of Summa Defence's shares and voting rights as of the date the threshold was crossed.
Details of the Share Ownership
The details disclosed concerning the ownership status indicate a direct holding of 375,897,768 shares by Baltic Work Boats. This clear breakdown is critical, especially for stakeholders who rely on accurate shareholding information to make informed investment decisions.
Continued Growth in the Defense Sector
Summa Defence Plc is dedicated to fostering industrial growth in defense and security technology. In today's world, where geopolitical landscapes constantly evolve, the relevance of security-related technologies cannot be overstated. The company focuses on delivering dual-use technologies that not only serve the defense sector but also enhance civilian safety and security.
The Role of Summa Defence in the Market
As a prominent player, Summa Defence Plc contributes significantly to industrial production capacity in Finland and beyond. Their commitment to innovative technologies bolsters the security of supply, situational awareness, mobility, and overall crisis management capabilities.
Investor Confidence and Market Position
With its shares traded on the Nasdaq First North Growth Market in Sweden (SUMMAS) and Finland (SUMMA), Summa Defence Plc demonstrates a robust market presence. Investors are encouraged by the increasing market visibility and growth trajectory fueled by strategic maneuvers like this shareholding notification.
Future Outlook
Going forward, the company remains committed to developing advanced solutions that support both civilian and military needs, ensuring that its strategic position is not only maintained but strengthened as market demands evolve.
Contact Information
For more information related to this announcement, stakeholders may reach out to Jussi Holopainen, CEO, at +358 44 517 4543 or via email at jussi.holopainen@summadefence.com. Media inquiries can be directed to Tommi Manninen, Chief Communications Officer, at +358 400 437 515 or tommi.manninen@summadefence.com.
Frequently Asked Questions
What is the significance of the shareholding notification?
This notification informs the public about significant changes in share ownership and helps to maintain transparency in the market.
How many shares does Baltic Work Boats own in Summa Defence Plc?
Baltic Work Boats holds 375,897,768 shares, which equates to 8.23% of the total share capital and voting rights.
What is the total number of shares issued by Summa Defence Plc?
The total number of shares outstanding is 4,567,193,463.
Where are Summa Defence Plc shares listed?
Shares of Summa Defence Plc are listed on the Nasdaq First North Growth Market in both Sweden and Finland.
How does Summa Defence contribute to global defense?
Summa Defence focuses on dual-use technology that enhances security and defense capabilities while supporting the civilian sector amidst evolving geopolitical conditions.
