Composition of the Shareholders’ Nomination Board of Spinnova Plc
SPINNOVA PLC, COMPANY RELEASE, 5 September 2024, 9:45 a.m. EEST
Composition of the Shareholders’ Nomination Board of Spinnova Plc
The following members have been elected to form the Nomination Board of Spinnova Plc for the next term:
Julio Ramundo, Suzano S.A.
Hanna Liiri, Besodos Investors Oy
Ilkka Kivimäki, Maki.vc Fund I Ky
Janne Poranen, Chair of the Board of Directors of Spinnova Plc
In accordance with the Charter of Spinnova Plc’s Shareholders’ Nomination Board, the Nomination Board has four (4) members. Three (3) of those members are representatives appointed by the three largest shareholders, and one (1) member is a board member appointed by the Company’s Board of Directors from amongst themselves.
The company’s largest shareholders entitled to appoint members to the Nomination Board shall be determined annually on the basis of the registered holdings in the company’s shareholders’ register held by Euroclear Finland Ltd as of the first weekday in September in the year concerned, or on the basis of separate shareholding information presented by nominee registered shareholders. The representative of the largest shareholder will be appointed as the Chair of the Nomination Board, unless the members of the Nomination Board unanimously decide otherwise.
The Nomination Board of Spinnova Plc is responsible for preparing proposals to upcoming annual general meetings and, where necessary, to any extraordinary general meetings, concerning the election and remuneration of the members of the Board of Directors and the remuneration of board committee members. The Nomination Board is also responsible for ensuring that the Board of Directors and its members have a sufficient level of knowledge and experience that corresponds to the needs of the Company.
More information on the Shareholders’ Nomination Board of Spinnova Plc and its Charter is available on the company’s investor website at spinnovagroup.com/shareholders-nomination-board/
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.
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