Spinnova Plc’s CTO Juha Salmela assigns Spinnova’s shares in his possession as a matrimonial adjusting payment

SPINNOVA PLC, COMPANY RELEASE 28 April 2022 at 2:15 p.m. EEST

Spinnova Plc’s CTO Juha Salmela assigns Spinnova’s shares in his possession as a matrimonial adjusting payment  

Juha Salmela, co-founder and CTO of Spinnova Plc, is to transfer 1 302 708 Spinnova Plc shares as a matrimonial adjusting payment based on a marital settlement agreement. The assignments are to take place in summer 2022, after the IPO lock-up period of the management team members has concluded. The regular releases regarding the assignment of the shares will be given as a notification regarding managers’ transactions once the assignments have been carried out.

Spinnova Plc

For further information, please contact:

Lasse Holopainen

General Counsel
+358 40 912 3972

ir@spinnova.fi

Certified advisor:

Aktia Alexander Corporate Finance Oy

+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