Spinnova Plc: Proposals of the Shareholder’s Nomination Board to the Annual General Meeting
SPINNOVA PLC COMPANY RELEASE 25 March, 2022 at 8.45 a.m. EET Spinnova Plc: Proposals of the Shareholder’s Nomination Board to the Annual General Meeting
The Shareholder’s Nomination Board of Spinnova Plc proposes to the Annual General Meeting to be held on 5 May 2022, that the remuneration of the Board of Directors would be a fixed monthly fee of EUR 2 000 for each Board Member. No separate meeting fees or committee member fees would be paid.
The Nomination Board further proposes to Spinnova’s Annual General Meeting that, subject to Sari Pohjonen being elected as a board member, the Annual General Meeting would authorize the Board of Directors to grant option rights entitling Sari Pohjonen to subscribe for a maximum of 40 000 shares in the Company.
The subscription price for the shares would be the volume-weighted average price of the company share for the previous thirty days prior to the allocation of such options. The Board of Directors would be authorized to decide on the specific terms of such option issue.
Chairman of Shareholder’s Nomination Board and Chairman of Board of Directors
Calls through Spinnova's Switchboard +358 20 703 2430
General Counsel and secretary to the Shareholder’s Nomination Board
+358 40 912 3972
Aktia Alexander Corporate Finance Oy
+358 50 520 4098
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