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    SPINN   FI4000507595

SPINNOVA OYJ

(SPINN)
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Delayed Nasdaq Helsinki  -  11:29 2022-08-11 am EDT
7.220 EUR   -0.14%
06/23SPINNOVA PLC : Spinnova's founders CEO Janne Poranen and CTO Juha Salmela transfer shares according to stock option agreements and marital settlement agreement
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06/23SPINNOVA PLC : Managers' transactions: Janne Poranen
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06/23SPINNOVA PLC : Notification on the change of holdings pursuant to Spinnova's Articles of association
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Spinnova Plc: Notification on the change of holdings pursuant to Spinnova's Articles of association

06/23/2022 | 05:46am EDT

SPINNOVA PLC, COMPANY RELEASE, 23 JUNE 2022 at 12:45 p.m. EEST
 

Spinnova Plc: Notification on the change of holdings pursuant to Spinnova's Articles of association

 

Spinnova Plc (the "Company") has received a notification in accordance with the Company's Articles of association Chapter 12 Notification on the change of holdings, according to which the total direct and indirect holdings of Juha Salmela have on 21 June 2022 decreased below five (5) percent of the Company's shares and votes.

 

The basis for the change in shareholding is Juha Salmela transferring shares according to option agreements and marital settlement agreement.

 

 

Total positions of person(s) subject to the notification obligation:

 

% of shares and voting rights
(total of 7.A)

% of shares and voting rights through financial instruments
(total of 7.B)

Total of both in % (7.A + 7.B)

Total number of shares and voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

3.82

0

3.82

1,960,322

Position of previous notification (if applicable)

6.59

0

6.59

 

 

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Class/type of
shares

ISIN code

Number of shares and voting rights

% of shares and voting rights

Direct

Indirect

Direct

Indirect

FI4000507595

1,960,322

-

3.82

-

SUBTOTAL A

1,960,322

 

3.82

 

 

Spinnova Plc

For further information, please contact:
ir@spinnova.com

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

https://news.cision.com/spinnova/r/spinnova-plc--notification-on-the-change-of-holdings-pursuant-to-spinnova-s-articles-of-association,c3590787

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Sales 2022 26,0 M 26,8 M 26,8 M
Net income 2022 -4,96 M -5,12 M -5,12 M
Net cash 2022 54,8 M 56,6 M 56,6 M
P/E ratio 2022 -72,2x
Yield 2022 -
Capitalization 371 M 383 M 383 M
EV / Sales 2022 12,1x
EV / Sales 2023 3,44x
Nbr of Employees 58
Free-Float 63,7%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 7,22 €
Average target price 10,00 €
Spread / Average Target 38,5%
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Managers and Directors
Kim Peter Poulsen Chief Executive Officer
Ben Selby Chief Financial Officer
Janne Tapani Poranen Executive Chairman
Juha Matti Salmela Director & Chief Technology Officer
Petri Poranen Chief Operating Officer
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