Pyrum Innovations AG: Supervisory Board member acquires shares from the Executive Board OTC

Pyrum Innovations AG: Supervisory Board member acquires shares from the Executive Board OTC

Dillingen / Saar, 4 August 2023 - Pascal Klein, CEO and largest individual shareholder of Pyrum Innovations AG ("Pyrum", the "Company", ISIN: DE000A2G8ZX8), has sold a total of 4,000 Pyrum shares from his holding to Supervisory Board member Jürgen Opitz over the counter (OTC) on 31 July 2023. Mr Opitz thus slightly increases his shareholding and holds around 8% in Pyrum including attributable shares. Pascal Klein continues to hold around 10% of the company. The transaction was executed as an OTC transaction at a purchase price of EUR 50.00 per share and thus around 3.7% above the average value of the last five trading days prior to the closing on Xetra (EUR 48.23). The relevant notifications of Pyrum Innovations AG on directors' dealings pursuant to Art. 19 of the Market Abuse Regulation are available on the company's website at https://www.pyrum.net/investoren/finanzmitteilungen/.

Pascal Klein: "I still remain the largest individual shareholder of Pyrum. However, a larger tax payment due to the IPO has led me to sell a small part of my shareholding in the company. My shares are in very good hands with Jürgen Opitz. Through the OTC transaction, we wanted to prevent a possible influence on the share price due to the tightness of the market for Pyrum shares."

Pyrum Innovations AG, a pioneer in the sustainable recycling of end-of-life tyres (ELTs) based on its patented pyrolysis technology, has been listed on the Euronext Growth market segment of the Oslo Stock Exchange since 30 September 2021 and on the Scale market segment of the Frankfurt Stock Exchange since 30 March 2022. In addition to the founding partners Pascal Klein and Michael Kapf, the chemical group and cooperation partner BASF is also among the major shareholders with a current share of 7.9%. The tyre manufacturer Continental, among others, also participated in the IPO.

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for end-of-life tyres with its patented pyrolysis technology. Pyrum's pyrolysis process is energy self-sufficient and, according to the Fraunhofer Institute, saves significantly more CO₂ emissions than today's standard recycling processes for end-of-life tyres - especially compared to incineration in cement plants - and produces new raw materials such as pyrolysis oil, gas and recovered carbon black from the waste used as input materials. In this way, Pyrum closes the recyclable material loop and pursues a completely sustainable business model. As a pioneer, Pyrum Innovations AG was the first company in the end-of-life tyre recycling sector to receive REACH registration from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces. This means that the oil is recognised as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC PLUS certification for the pyrolysis oil and the recovered carbon black. Both products are thus considered sustainable and renewable raw materials. In addition, Pyrum has received ISO 14001 certification for its environmental management system and ISO 9001 certification for its quality management system. These achievements have also been recognised by international experts in the tyre industry. For example, Pyrum won the Best Tyre Recycling Innovation category at the inaugural Recircle Awards and has been nominated for the “Grand Prix Mittelstand” (“Großer Preis des Mittelstandes”) from the German state of Saarland.

www.pyrum.net

Contact

IR.on AG
Frederic Hilke
Phone: +49 221 9140 970 
Email: pyrum@ir-on.com 

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar 
Email: presse@pyrum.net