Share subscriptions based on Spinnova's stock options 2018 and 2020B
SPINNOVA PLC, COMPANY RELEASE 11 MAY 2023 AT 11:00 A.M. EEST
Share subscriptions based on stock options 2018 and 2020B
By 31 March 2023, a total of 84 300 Spinnova Plc’s new shares has been subscribed for with the company's stock options 2018 and 2020B. For subscriptions made with the stock options 2018 and 2020B, the entire subscription price of EUR 98 253.60 will be entered in the reserve for invested unrestricted equity. After the trade registration the total amount of shares is 51 648 335.
The shares subscribed for under the stock options 2018 and 2020B have been registered in the Trade Register on 11 May 2023, 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 12 May 2023.
The shares subscription period for stock options 2018 will end on 31 December 2028 and the shares subscription period for stock options 2020 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 www.spinnovagroup.com.
Spinnova Plc
For further information, please contact:
Sophie Jolly
Interim Head of Investor Relations
Puh. 020 703 2430
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