08:05:45 Europe / Stockholm
2024-06-18 19:15:00

SPINNOVA PLC, COMPANY RELEASE, 18 JUNE 2024 at 8:15 p.m. EEST

Spinnova Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Suzano Holding S.A.)

Spinnova Plc (the "Company") has received a notification on 18 June 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Suzano S.A.'s, which is controlled by Suzano Holding S.A., ownership of shares exceeds 15% of all shares and votes in Spinnova Plc. Suzano S.A.'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 |18.77 |- |18.77 |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 shares |
|of |shares and |and voting |
|shares |voting |rights |
| |rights | |
|ISIN code | | |
+------------+----------+------+----------+-----+
|Direct |Indirect |Direct|Indirect |
+------------+----------+------+----------+-----+
|FI4000507595|- |9808 | |18.77|
| | |530 | | |
+------------+----------+------+----------+-----+
|SUBTOTAL A |Click here|9808 |Click here|18.77|
| |to enter |530 |to enter | |
| |text. | |text. | |
+------------+----------+------+----------+-----+

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
Suzano - - -
Holding
S.A.
Suzano 18.77% - 18.77%
S.A.

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
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