Chairman of the Supervisory Board increases his shareholding in the company

Dillingen /​Saar, 27 February 2023 — Alf Schmidt, long-stan­ding Chairman of the Super­vi­sory Board of Pyrum Inno­va­tions AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), has increased his share­hol­ding in the Company by 1,667 shares. Due to the tight market for Pyrum shares, Pascal Klein, CEO and largest single share­holder of the Company, has provided shares from his holdings for this purpose. The tran­sac­tion was executed as an OTC tran­sac­tion at a purchase price of EUR 60.00 per share and thus around 3 % above the average value of the last five trading days on Xetra (EUR 58.05).

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “We are delighted that our highly esteemed Chairman of the Super­vi­sory Board has become even more involved in Pyrum. Alf Schmidt’s finan­cial commit­ment of around EUR 100,000 once again demons­trates his firm belief in our busi­ness model and our huge poten­tial to estab­lish a sustainable circular economy for used tyres.”

Pyrum Inno­va­tions AG, a pionee­ring company that sustain­ably recy­cles used tyres with 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 coöpe­ra­tion partner BASF is also a major share­holder with a current stake of 7.9 %. In addi­tion, the tyre manu­fac­turer Conti­nental also parti­ci­pated in the IPO.

The corre­spon­ding noti­fi­ca­tions of Pyrum Inno­va­tions AG regar­ding proprie­tary tran­sac­tions by execu­tives in accordance with Art. 19 of the Market Abuse Regu­la­tion (Direc­tors’ Dealings) are available on the company’s website at https://​www​.pyrum​.net/​i​n​v​e​s​t​o​r​e​n​/​f​i​n​a​n​z​m​i​t​t​e​i​l​u​n​g​e​n​/​r​e​g​u​l​a​t​o​r​i​s​c​h​e​-​m​i​t​t​e​i​l​u​n​g​en/ available.

Pyrum Innovations AG

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)ir-on.com

Pyrum Inno­va­tions AG
Diesel­strasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net

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About Pyrum Innovations AG

With its patented pyro­lysis tech­no­logy, Pyrum Inno­va­tions AG is active in the attrac­tive recy­cling market for used tyres and various plas­tics. Pyrum’s pyro­lysis process is largely energy self-suffi­cient and, accor­ding to the Fraun­hofer Insti­tute, saves signi­fi­cantly more CO2 emis­sions than today’s stan­dard recy­cling processes for used tyres — espe­ci­ally compared to inci­ne­ra­tion in cement plants — and produces new raw mate­rials such as pyro­lysis oil, gas and recy­cled carbon black (rCB) from the waste used as input mate­rials. In this way, Pyrum closes the mate­rial cycle and pursues a 100% sustainable busi­ness model. As a pioneer, Pyrum Inno­va­tions AG was the first company in the waste tyre recy­cling sector to receive REACH regis­tra­tion from the Euro­pean Chemi­cals Agency (ECHA) for the pyro­lysis oil it produces back in 2018. 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 rCB. Both products are ther­e­fore reco­g­nised as sustainable and rene­wable raw mate­rials. Pyrum has also received ISO 14001 certi­fi­ca­tion for its envi­ron­mental manage­ment system and ISO 9001 certi­fi­ca­tion for its quality manage­ment system. These successes have also been reco­g­nised by inter­na­tional experts in the tyre industry. For example, Pyrum was hono­ured at the first Recircle Awards in the cate­gory Best Tyre Recy­cling Inno­va­tion and has been a fina­list for the German SME award three times in a row.