According to the announcement, 35,429 Summa Defence shares have been purchased from each, totaling 106,287 shares. The purchase price is approximately 0.94 euros per share, totaling almost 100,000 euros.
According to the announcement, in the share exchange, 3Lions subscribes for a total of 4,999,998 Meriaura Group shares, which will be subject to an 18-month transfer restriction from the implementation of the share exchange.
This is positive news for this company, but the current share price of €0.08 makes one wonder a bit. Compared to the current price, Arto gets the shares at a huge discount if he only pays €100k for 5 million shares. At the current price, the same amount would cost almost €400k. Of course, there is an 18-month transfer restriction, so no quick profit can be made.