Share subscriptions based on stock options 2018 and 2020A
SPINNOVA PLC, COMPANY RELEASE, 28 December 2022, 12:00 p.m. EET
Share subscriptions based on stock options 2018 and 2020A
By 19 December 2022, a total of 153 390 Spinnova Plc’s new shares has been subscribed for with the company's stock options 2018 and 2020A. A total of 152 640 company’s new shares have been subscribed for with the company’s stock options 2018 and a total of 750 new shares have been subscribed for with the company’s stock options 2020A. For subscriptions made with the stock options 2018 and 2022A, the entire subscription price of EUR 174 538.20 will be entered in the reserve for invested unrestricted equity.
After the trade registration the total amount of shares is 51 538 235.
The shares subscribed for under the stock options 2018 and 2020A have been registered in the Trade Register on 28 December 2022, as of which date the new shares will establish shareholder rights.
The shares will be traded in the Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Oy together with the old shares as of 29 December 2022.
The shares' subscription period for stock options 2018 will end on 31 December 2028.
The shares' subscription period for stock options 2020A will end on 31 December 2030.
The terms and conditions of stock option programs with additional information are available on the company's website at:
https://spinnovagroup.com/corporate-governance/remuneration/
Spinnova Plc
For further information, please contact:
Virva Vesanen, Head of 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 – 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 waste and 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
Corporate & IR site: www.spinnovagroup.com