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Spinnova Plc: Share subscriptions based on stock options 2018

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SPINNOVA PLC, COMPANY RELEASE, 31 May 2022, 11:40  a.m. EEST

Spinnova Plc: Share subscriptions based on stock options 2018

Between 15 January and 2 May 2022, a total of 44,250 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 50,002.50 will be entered in the reserve for invested unrestricted equity.

After the trade registration the total amount of shares is 51,348,455.

The shares subscribed for under the stock options 2018 have been registered in the Trade Register on 31 May 2022, 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 1 June 2022.

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:
Janne Poranen, CEO
Tel. +358 400 138711
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 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

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