SPINNOVA PLC, COMPANY RELEASE, 13 JUNE 2024 at 12:00 p.m. EEST
Spinnova Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Beata Domus Ab)
Spinnova Plc (the "Company") has received a notification on 13 June 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Beata Domus Ab's, a company controlled by Sebastian Langenskiöld, ownership of shares exceeds 5% of all shares and votes in Spinnova Plc. Beata Domus Ab's ownership exceeded the notification threshold before April 19, 2024.
The notification of exceeding the ownership threshold is retroactive because of an amendment to the Securities Markets Act (HE 3/2024 vp), which came into force on April 19, 2024. The amendment extends the reporting requirements for significant ownership and voting rights, as well as the application of provisions related to public tender offers and obligation to make a tender offer, to include multilateral trading facilities such as Nasdaq First North Growth Market Finland alongside regulated markets.
+----------------+-------+--------------+-------------+----------------------+
|Total positions                                                             |
|of person(s)                                                                |
|subject                                                                     |
|to the                                                                      |
|notification                                                                |
|obligation:                                                                 |
+----------------+-------+--------------+-------------+----------------------+
|                |% of   |% of shares   |Total of both|Total number of shares|
|                |shares |and voting    |in % (7.A +  |and voting rights of  |
|                |and    |rights        |7.B)         |issuer                |
|                |voting |through       |             |                      |
|                |rights |financial     |             |                      |
|                |(total |instruments   |             |                      |
|                |of 7.A)|(total of 7.B)|             |                      |
+----------------+-------+--------------+-------------+----------------------+
|Resulting       |6.41   |-             |6.41         |52 265 435            |
|situation on the|       |              |             |                      |
|date on         |       |              |             |                      |
|which threshold |       |              |             |                      |
|was crossed or  |       |              |             |                      |
|reached         |       |              |             |                      |
+----------------+-------+--------------+-------------+----------------------+
+------------+--------+---------+--------+----+
|Notified                                     |
|details of                                   |
|the                                          |
|resulting                                    |
|situation on                                 |
|the date on                                  |
|which the                                    |
|threshold                                    |
|was crossed                                  |
|or reached:                                  |
+------------+--------+---------+--------+----+
|A: Shares                                    |
|and voting                                   |
|rights                                       |
+------------+--------+---------+--------+----+
|Class/type  |Number            |% of         |
|of          |of                |shares       |
|shares      |shares            |and          |
|            |and               |voting       |
|ISIN code   |voting            |rights       |
|            |rights            |             |
+------------+--------+---------+--------+----+
|Direct      |Indirect|Direct   |Indirect|
+------------+--------+---------+--------+----+
|FI4000507595|-       |3 348 238|        |6.41|
+------------+--------+---------+--------+----+
|SUBTOTAL A  |        |3 348 238|        |6.41|
+------------+--------+---------+--------+----+
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
Name            %-of shares  %-of shares and voting rights  Total of both
and voting   through financial instruments
rights
Bo Sebastian    -            -                              -
Eljas
Langenskiöld
Beata Domus Ab  6.41%        -                              6.41%
Spinnova Plc
For further information, please contact:
ir@spinnova.fi
Certified advisor:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098
Distribution:
Nasdaq Helsinki
Key media
Spinnova - The textile material innovation
Spinnova transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough patented technology for making textile fibre out of wood pulp or waste, such as leather, textile or agricultural cropping waste, without harmful dissolving chemicals.
The SPINNOVA® fibre creates no side streams with minimal CO2 emissions and water use. SPINNOVA® materials are biodegradable and recyclable. Spinnova is committed to using only sustainable raw materials, such as FSC-certified wood and waste. SPINNOVA® fibre is produced using a mechanical process, creating the look and feel of natural fibres such as cotton and linen.
Spinnova has received awards from e.g. the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, and Monocle.
Spinnova's shares (SPINN) are listed on the Nasdaq First North Growth Market Finland.
SPINNOVA® home: www.spinnova.com
Corporate & IR site: www.spinnovagroup.com