Spinnova Plc: Decisions of the Constitutive Meeting of the Board of Directors

SPINNOVA PLC, COMPANY RELEASE, 11 MAY 2022 at 6:00 p.m. EEST

Spinnova Plc: Decisions of the Constitutive Meeting of the Board of Directors

Spinnova Plc’s new Board of Directors held its constitutive meeting on Wednesday 11 May 2022.

The Board of Directors elected Harri Sundvik as its Chair. The other members of the Board are Gert Kroner, Hanna Liiri, Vinicius Nonino, Sari Pohjonen, Janne Poranen, Juha Salmela and Timo Soininen.

Board Committees

In addition to the election of Chair, the Board elected members of the Board of Directors' Audit Committee and the Remuneration Committee. The duties of the Board Committees are further described at https://spinnovagroup.com/board-of-directors/board-committees/.

Audit Committee

The Board of Directors decided to elect Sari Pohjonen, Vinicius Nonino and Harri Sundvik as members of the Audit Committee and Sari Pohjonen as the Chair of the Audit Committee.

Remuneration Committee

The Board of Directors decided to elect Hanna Liiri, Vinicius Nonino and Harri Sundvik as members of the Remuneration Committee and Hanna Liiri as the Chair of the Remuneration Committee.

Spinnova Plc

For further information, please contact:

Janne Poranen, CEO
Tel. +358 400 138 711
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 technology for making textile fibre out of wood or waste, such as leather, textile or agricultural waste, without harmful chemicals.

The patented 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 Helsinki First North Growth Market.

SPINNOVA® home: www.spinnova.com
Corporate & IR site: www.spinnovagroup.com