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/investoren/finanzmitteilungen/regulatorische-mitteilungen/ available.