Patria Oyj is a public limited liability company owned by the State of Finland (50.1%) and by Kongsberg Defence and Aerospace AS (49.9%). The shares and votes are as specified below:
|The State of Finland||13.948.786 shares and votes|
|Kongsberg Defence & Aerospace AS||13.893.103 shares and votes|
|Total||27.841.889 shares and votes|
Kongsberg Defence & Aerospace AS (reg. nro: 978 614 582) is owned 100% by Kongsberg Gruppen ASA (reg. nro: 943 753 709). Kongsberg Gruppen ASA is a publicly traded company listed on the Oslo Stock Exchange. The Norwegian state owns 50.001% of the shares.
There are no beneficial owners in Patria Oyj.
Patria Group consists of the parent company, Patria Oyj, and its wholly owned subsidiaries. In addition to wholly owned subsidiaries, Patria owns 61.8% of Millog Oy and 50% of Nammo AS, a Norwegian company, and 60 % of Milrem LCM OÜ in Estonia.
The statutory bodies of Patria Oyj – the Annual General Meeting of Shareholders, the Board of Directors, and the President and CEO – are responsible for the company’s administration and operations. The shareholders, State of Finland and Kongsberg Defence and Aerospace AS appoint the Board of Directors members for Patria Oyj in the Annual General Meeting of Shareholders. Each shareholder has the right to appoint four (4) out of the maximum eight (8) Board members. State of Finland has the right to appoint the Chairman of the Board.
The Group’s operating activities are managed by the President and CEO, assisted by the Board of Management. Operationally Patria is operationally divided into business units and each business unit has a management group of its own.
The Consultative Committee of Patria Oyj is an advisory body serving the Board of Directors and does not have statutory duties.
Patria subsidiaries and joint ventures are reported yearly in the Annual Report.