Martela Corporation, inside information, October 5, 2026 at 15.00 (EEST)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, JAPAN, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Martela Corporation ("Martela" or the "Company") announced on 29 September 2026 that the Company’s Extraordinary General Meeting had approved the Board of Directors’ proposals to authorise the Board of Directors to resolve on a directed share issue against consideration and the combination of share series. The Company announced on 30 September 2026 that Martela’s Board of Directors has resolved on a directed share issue against consideration of approximately EUR 6–8 million, under which it will offer for subscription, in deviation from the shareholders' pre-emptive subscription right, initially a maximum of 17,777,777 new shares of the Company corresponding to the existing series A shares, representing the Company’s sole series of shares following the combination of share series (the "Offer Shares") (the "Share Issue"). The subscription period for the Share Issue ended today on 5 October 2026 at 10:00 (EEST) and according to the preliminary result, Martela will receive gross proceeds of approximately EUR 7.2 million from the Share Issue.
According to the preliminary result, a total of 15,907,707 Offer Shares were subscribed for in the Share Issue, corresponding to approximately 89 per cent of the Offer Shares. The subscription price in the Share Issue was EUR 0.45 per Offer Share.
Panu Ala-Nikkola, CEO, Martela Corporation: “I would like to thank all our new and existing shareholders for their support and confidence in Martela’s future. With the proceeds from the share issue, the Company will strengthen its financial position and liquidity, while creating greater flexibility to continue the necessary development and efficiency measures. The key objective of the planned measures is to improve competitiveness, profitability and cash flow”.
The final results of the Share Issue will be published on or about 6 October 2026 after the Board of Directors of Martela has approved the subscriptions made in the Share Issue. Allocation of Offer Shares will be made in accordance with the terms and conditions of the Share Issue. As a result of the Share Issue, the combination of share series and the related directed share issue without consideration, the total number of shares in Martela will increase by a maximum of 16,058,907 from 4,639,212 to a maximum of 20,698,119 provided that the Board of Directors of Martela approves the subscriptions made in the Share Issue, the combination of the Company's share series is registered with the Trade Register and the directed share issue without consideration is carried out at its maximum amount, i.e. 151,200 shares. The Offer Shares issued in the Share Issue amount to approximately 77 per cent of all shares in Martela following the Share Issue provided that the combination of share series is registered with the Trade Register.
The Offer Shares will be registered with the Finnish Trade Register maintained by the Finnish Patent and Registration Office on or about 12 October 2026. Trading in the Offer Shares on Nasdaq Helsinki Ltd is estimated to commence on 13 October 2026. The Offer Shares carry the right to dividends and other shareholder rights once the Offer Shares have been registered with the Trade Register. Following the registration of the combination of the share series with the Trade Register on or about 12 October 2026, the Offer Shares carry the same rights as the Company’s other shares.
Advisors
Aktia Alexander Corporate Finance Oy is acting as Martela's financial advisor and as the Lead Manager of the Share Issue. Castrén & Snellman Attorneys Ltd is acting as Martela's legal advisor.
MARTELA CORPORATION
BOARD OF DIRECTORS
FOR FURTHER INFORMATION, PLEASE CONTACT:
CEO, Panu Ala-Nikkola
tel +358 50 502 4728
CFO, Henri Berg
tel +358 40 836 5464
Chairman of the Board, Tapio Pajuharju
tel +358 50 5774 200
DISTRIBUTION:
NASDAQ Helsinki, key news media, www.martela.com
MARTELA CORPORATION:
Martela is a Nordic leader specialising in user-centric working and learning environments. With over 80 years of experience, we create the best places to work and offer our customers the Martela Lifecycle solutions which combine furniture and related services into a seamless whole.
IMPORTANT NOTICE:
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This release does not constitute a prospectus as defined in the Prospectus Regulation nor a document containing the information set out in Annex IX of the Prospectus Regulation and, as such, it does not constitute or form part of, and should not be construed as, an offer to sell, or a solicitation or invitation of any offer to buy, acquire or subscribe for, any securities or an inducement to enter into investment activity in relation to any securities.
No part of this release, nor the fact of its release, publication or distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the pertinence, accuracy, completeness or correctness of the information or the opinions contained herein. Neither the Company nor any of its respective affiliates, advisors or representatives or any other person shall have any liability whatsoever (in negligence or otherwise) for any loss, however arising, from any use of this release or its contents or otherwise arising in connection with this release. Each person must rely on their own examination and analysis of the Company, its subsidiaries, its securities and the transactions, including the merits and risks involved.
Aktia Alexander Corporate Finance Oy acts exclusively for the Company and no one else in connection with the arrangement. Aktia Alexander Corporate Finance Oy does not regard any other person as its client in relation to the arrangement. Aktia Alexander Corporate Finance Oy is not responsible to anyone other than the Company for providing the protections afforded to its clients, nor for giving advice in relation to the arrangement or any transaction or arrangement referred to herein.
This release includes forward-looking statements. These statements may not be based on historical facts, but are statements about future expectations. When used in this release, the words "aims," "anticipates," "assumes," "believes," "could," "estimates," "expects," "intends," "may," "plans," "should," "will," "would" and similar expressions as they relate to the Company and the transactions identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. These forward-looking statements are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations, which, even though they seem to be reasonable at present, may turn out to be incorrect. Such forward-looking statements are based on assumptions and are subject to various risks and uncertainties. Readers should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied in the forward-looking statements. Neither the Company nor any of its affiliates, advisors, representatives or any other person undertakes any obligation to review, confirm or to publicly release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise following the date of this release.
