Martela's Board of Directors has resolved to launch a directed share issue of approximately EUR 6–8 million.

Martela's Board of Directors has resolved to launch a directed share issue of approximately EUR 6–8 million pursuant to the authorization granted by the Extraordinary General Meeting held on 29 September 2026. The subscription period for the share issue commenced on 30 September 2026.

The purpose of the share issue is to strengthen Martela's working capital and secure business continuity, support business development, improve the company's capital structure, and broaden its shareholder base.

Harjavalta Oy, Onvest Oy, Mutual Pension Insurance Company Ilmarinen, Paul Savolainen, Tirinom Oy and Baltiska Handels A.B (the "Anchor Investors"), together with Chairman of the Board Tapio Pajuharju and certain members of the company's senior management, have committed to subscribe for shares in the Share Issue for a total amount of approximately EUR 6.7 million.
 

Aiming to Restore Growth and Profitability

The market environment in Martela's industry has remained challenging, and the company has undertaken determined measures in recent years to improve its profitability and competitiveness. Through the share issue, Martela aims to strengthen its financial position and liquidity while creating greater flexibility to continue implementing the efficiency measures required to support its turnaround.

Martela's objective is to improve its competitiveness, profitability and cash flow. Key initiatives include streamlining and developing the product portfolio, investing in acoustically insulated work and meeting spaces, expanding the Workplace as a Service business model, transitioning to a more order-driven manufacturing model, and reducing administrative and facility-related costs.
 

Key Dates of the Directed Share Issue

The subscription period for the Share Issue commenced on 30 September 2026 at 12:00 p.m. and will end on 5 October 2026 at 10:00 a.m., unless the subscription period is interrupted or extended in accordance with the terms and conditions of the Share Issue.

The final results of the Share Issue are expected to be announced on or about 7 October 2026, and trading in the new shares on Nasdaq Helsinki is expected to commence on or about 13 October 2026.

We have compiled all key information related to the Share Issue on Martela's website, including the timetable, offering documents and stock exchange releases, as well as answers to frequently asked questions. 

Martela Corporation

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Further information:

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