Componenta Oyj

Componenta Corporation announced that the Finance Committee has approved the Ministry of Defence's proposal to acquire 120 mm mortar shell-tail assemblies from the company. If finalized, deliveries would occur from 2025 to 2028, with the total potential trade valued at approximately EUR 50 million, including an option worth around EUR 9 million for 2028. The transaction's completion requires the Minister of Defence's approval and will not affect Componenta's 2024 profit guidance. Componenta is an international technology company and a leading contract manufacturer in Finland, listed on Nasdaq Helsinki.

On 13 April 2023, the Board of Directors of Componenta Corporation decided on a stock option plan for key employees. The subscription price for the shares subscribed with stock options 2023B is the trade volume weighted average quotation of the company’s share on Nasdaq Helsinki Ltd during 22 April 2024–21 May 2024, which is EUR 2.35 per share. The stock options 2023B entitle their owners to subscribe for a maximum total of 133,326 new shares in the company. The share subscription period of the stock options 2023B is 1 June 2027–31 May 2029. The theoretical market value of one stock option 2023B is approximately EUR 1.0532 per stock option, with a total theoretical market value of approximately EUR 140,418. The terms and conditions of the stock options are available on the company's website.

Componenta Corporation, a Finnish company specializing in machine building, has entered into a convertible debenture arrangement with US investor MPL. This agreement provides funding of up to $3 million to Componenta over a thirty-month period. The company can raise funds in the form of a loan from MPL in installments of up to $750,000. In return, Componenta issues convertible debentures to MPL with a maturity of three years and an annual interest rate of 4%. After 18 months, MPL can demand conversion of a convertible debenture. The subscription price per share in the conversion will be 91.5% of the company’s average daily volume-weighted share price over five consecutive trading days following the date when MPL requests conversion. Componenta will pay a commitment fee of 2% based on the aggregate value of the Financing Arrangement and a fixed facilitation fee of $45,000.

On April 11, 2024, Componenta Corporation announced a new working capital loan agreement of two million euros with LocalTapiola Group and Elo Mutual Pension Insurance Company. The loan, which will be withdrawn in full on April 12, 2024, has a period of five years. The funds will be used to support ongoing and future product launches and the company's own development initiatives. Componenta Corporation is a leading contract manufacturer in the machine building industry in Finland, listed on Nasdaq Helsinki.

Componenta Corporation held its Annual General Meeting (AGM) on 10 April 2024, where it supported all proposals presented. The AGM adopted the company's financial statements and consolidated financial statements for the financial period of 1 Jan–31 Dec, 2023, and discharged the Board of Directors and the CEO from liability. No dividends will be distributed for the financial year that ended on 31 December 2023. The AGM confirmed the annual remuneration for the Chairman of the Board at EUR 50,000 and for other board members at EUR 30,000. The AGM re-elected the current board members and elected Lars Wrebo as a new member. The audit firm PricewaterhouseCoopers Oy was elected as the Auditor for the next term of office, and BDO Oy was selected as the Sustainability Reporting Assurer. The AGM also authorised the Board to decide on share issues and amended the Articles of Association by adding a new Article on the Sustainability Reporting Assurer. The minutes of the General Meeting will be made available on the Componenta website by 24 April 2024.