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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: Spinnova's founders CEO Janne Poranen and CTO Juha Salmela transfer shares according to stock option agreements and marital settlement agreement

06/23/2022 | 05:46am EDT

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

Spinnova Plc: Spinnova's founders CEO Janne Poranen and CTO Juha Salmela transfer shares according to stock option agreements and marital settlement agreement

Spinnova Plc's co-founders CEO Janne Poranen and CTO Juha Salmela have transferred 238,640 Spinnova shares in total to certain employees. Of the total amount of shares, Janne Poranen has transferred 119,470 shares and Juha Salmela 119,170 shares. The transfer is based on stock option agreements entered into in 2015 and 2017, entitling certain employees to purchase 251,160 shares in total from Janne Poranen and Juha Salmela at an exercise price of EUR 0.21 per share. The amount of shares linked to these option agreements, not yet exercised, totals 12,520.

Furthermore, as announced on 28 April 2022, Juha Salmela has transferred 1,302,708 Spinnova shares as a matrimonial adjusting payment based on a marital settlement agreement on 21 June 2022. Altogether, transferred shares by Juha Salmela total 1,421,878 shares.

After the share transfers, Janne Poranen holds 3,263,030 Spinnova Plc shares and Juha Salmela holds 1,960,322 Spinnova Plc shares.

Spinnova will release release related managers' transaction releases on the transfers.

 

Spinnova Plc

For further information, please contact:
Virva Vesanen
Head of Investor Relations
Tel. +358 40 828 6285
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--spinnova-s-founders-ceo-janne-poranen-and-cto-juha-salmela-transfer-shares-according-t,c3590575

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

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Financials
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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