SPINNOVA PLC, COMPANY RELEASE, 5 JUNE 2024 at 1:00 p.m. EEST
Spinnova Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Maki.vc Fund I Ky)
Spinnova Plc (the "Company") has received a notification on 5 June 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Maki.vc Fund I Ky's ownership of shares exceeds 5% of all shares and votes in Spinnova Plc. Maki.vc Fund I Ky'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       |6.77   |0             |6.77         |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|3540 300|-     |6.77    |-|
+------------+--------+------+--------+-+
|SUBTOTAL A  |3540 300|      |6.77    | |
+------------+--------+------+--------+-+
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 - Sustainable textile materials, naturally
Spinnova transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough patented technology for making textile fibre out of wood or waste, such as leather, textile or agricultural waste, without harmful chemicals.
The SPINNOVA® fibre creates zero side streams or microplastics, and its CO2 emissions and water use are minimal. SPINNOVA® materials are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste. SPINNOVA® fibre is produced without harmful or complex chemical processes, and has the touch and feel of natural fibres such as cotton and linen.
Spinnova has received awards from e.g. the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, Monocle and Marie Claire UK.
Spinnova's shares (SPINN) are listed on the Nasdaq First North Growth Market Finland.
SPINNOVA® home: www.spinnova.com (https://spinnova.sharepoint.com/sites/SpinovaxACF/Shared%20Documents/General/2023/www.spinnova.com)
Corporate & IR site: www.spinnovagroup.com (https://spinnova.sharepoint.com/sites/SpinovaxACF/Shared%20Documents/General/2023/www.spinnovagroup.com)