Meriaura Group Plc, Inside information: Changes in Meriaura Group Plc's financial management

Meriaura Group Plc
Company Announcement, Inside information                15 November 2024 at 3.00 p.m. (CET)

Inside information: Changes in Meriaura Group Plc's financial management

Meriaura Group Plc has decided to outsource the company's financial management to Meriaura Ltd. Employment of Heikki Timonen, the CFO of Meriaura Group, has been terminated for financial and production related reasons as of 15 November 2024.

Meriaura Ltd's CFO, Miia Peltonen, M.Sc. (Econ.), has over 20 years of experience in challenging financial management roles. Before joining Meriaura, she worked at Accountor Oy, most recently as a Service Director for the South-Western Finland.

Meriaura Group Plc's CEO Jussi Mälkiä: "Miia has been the CFO of Meriaura Ltd since 2017. We have a long history of working together with Miia in Meriaura's financial management, and I know her expertise will benefit the growth and profitability of the group. Miia will strengthen and unify our performance and management processes as she takes on the responsibility for the entire group's financial management."

Timonen will continue as the Financial Advisor for Meriaura Group until mid-February 2025.

"We thank Heikki for his valuable contributions, first at Savosolar and later at Meriaura Group, and we wish him success in his future endeavors," adds Jussi Mälkiä.

MERIAURA GROUP PLC

Further information:

Meriaura Group Plc
CEO Jussi Mälkiä
Phone: +358 400 785 489
Email: [email protected]


Meriaura Group Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 15 November at 3.00 p.m. (CET).

Meriaura Group in brief

Meriaura Group has two business areas: Marine Logistics and Renewable Energy.

Marine Logistics business is carried out by Meriaura Ltd, which is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and low-emission marine transport services, based on long-term affreightment agreements, modern fleet, and active development of its operational sustainability. In addition, Meriaura has a strong market position in the marine logistics in renewable energy construction projects.

The Marine Logistics business also includes VG-EcoFuel Ltd which produces biofuels from bio-oils and recycled oils generated as industrial by-products.

The Renewable Energy business focuses on comprehensive clean energy systems. Meriaura Energy Ltd designs and delivers clean energy production systems as comprehensive deliveries for industrial use and district heating. The energy production is based on large-scale solar thermal systems implemented using high-performance solar thermal collectors manufactured by the company. The Renewable Energy business also includes Rasol Ltd, specialised in delivering high-quality solar power systems for real estates, companies and solar parks.

Meriaura Group's share is listed on Nasdaq First North Growth Market Sweden as MERIS and on Nasdaq First North Growth Market Finland as MERIH.

www.meriauragroup.com

The Company's Certified Adviser is Augment Partners AB, [email protected], tel. +46 8-604 22 55.