SPINNOVA PLC, COMPANY RELEASE 15 OCTOBER 2024 AT 9.45 A.M. EEST
Share subscriptions based on stock options 2018
By 20 September 2024, a total of 30 900 Spinnova Plc's new shares has been subscribed for with the company's stock options 2018. For subscriptions made with the stock options 2018, the entire subscription price of EUR 34 917.00 will be entered in the reserve for invested unrestricted equity. After the trade registration the total amount of shares is 52296 335.
SHARE SUBSCRIPTIONS
+----------+-------+---------------------------+-------------------------+
|Instrument|Number |Number of subscribed shares|Subscription price, total|
|          |of     |                           |                         |
|          |options|                           |                         |
+----------+-------+---------------------------+-------------------------+
|2018      |1 030  |30 900                     |34 917.00                |
+----------+-------+---------------------------+-------------------------+
|Total     |1 030  |30 900                     |34 917.00                |
+----------+-------+---------------------------+-------------------------+
The shares subscribed for under the stock options 2018 have been registered in the Trade Register on 15 October 2024, as of which date the new shares will establish shareholder rights.
The shares will be traded in the First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy together with the old shares as of 16 October 2024.
The shares' subscription period for stock options 2018 will end on 31 December 2028.
The terms and conditions of stock option programs with additional information are available on the company's website at www.spinnovagroup.com.
Spinnova Plc
For further information, please contact:
Virva Vesanen, Director, Marketing, Communication and Investor Relations
Tel. +358 20 703 2430
ir@spinnova.fi
Certified advisor:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098
Distribution:
Nasdaq Helsinki
Major media
Spinnova - The textile material innovation
Spinnova technology 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 chemicals or dissolving.
Spinnova technology creates no side streams in the fibre production process, and SPINNOVA® fibre has minimal CO2 emissions and water use, as well as being biodegradable and recyclable. Spinnova technology uses a mechanical process, giving the fibre the look and feel of a natural cellulosic fibre such as cotton.
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