SPINNOVA PLC, COMPANY RELEASE, 7 JUNE 2024 at 2.00 p.m. EEST
Spinnova Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Besodos Investors Oy)
Spinnova Plc (the "Company") has received a notification on 7 June 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Besodos Investors Oy's ownership of shares exceeds 5% of all shares and votes in Spinnova Plc. Besodos Investors Oy's ownership exceeded the notification threshold before 19 April 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 19 April 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 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       |7.75   |-             |7.75         |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|4048 680|-     |7.75    |-|
+------------+--------+------+--------+-+
|SUBTOTAL A  |4048 680|      |7.75    | |
+------------+--------+------+--------+-+
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