Inside information: Helsinki District Court has decided to commence corporate restructuring proceedings for Summa Defence Plc and Summa Holding Oy.
Summa Defence Plc Company announcement, inside information 9 October 2026 at 15:45 EEST
The Helsinki District Court has today decided to commence corporate restructuring proceedings for Summa Defence Plc (the "Company") and its subsidiary Summa Holding Oy.
The District Court has appointed Nina Aganimov, Attorney-at-Law, as administrator of the restructuring proceedings.
On 14 September 2026, the Company announced that its working capital had been exhausted, and on 5 October 2026 that it had filed applications for corporate restructuring together with Summa Holding Oy. The proceedings concern only Summa Defence Plc and Summa Holding Oy. The applications are supported by two independent creditors whose claims represent more than one fifth of the Company's known debts. In the Board of Directors' assessment, restructuring is the best available option for the creditors and for the continuity of the Group's businesses.
The Group's operating subsidiaries continue their operations. The Company is actively exploring financing alternatives and seeks to obtain new financing during the proceedings.
The Company will announce the administrator's report, the draft restructuring programme and material progress in the proceedings in accordance with its applicable disclosure obligations.
SUMMA DEFENCE PLC
Board of Directors