Pyrum founder Pascal Klein gives employees a stake in the company

  • To mark the company’s 15th anniversary, the company founder donated his own shares to all permanent employees as a gift
  • A total of around 75,000 euros as recognition, motivation and to strengthen employee loyalty

Dillingen /​Saar, 10 July 2023 – Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8), was informed today by its founder and main shareholder Pascal Klein that he would like to give all permanent employees a stake in the company as part of a gift of treasury shares totalling around EUR 75,000. The shares were initially transferred to the company today by Pascal Klein and will subsequently be passed on equally by Pyrum to the 70 or so employees as a bonus within the framework of tax and social security-​free transferability. Further employee retention measures are also planned for the future.

Pascal Klein, CEO of Pyrum Innovations AG: “Since our IPO in 2021, it has been very important to me to let our employees participate in the success and growth of our company. Pyrum will be 15 years old this year and is now facing the next stage of development. This success story would not have been possible without our dedicated colleagues. To recognise their achievements to date, motivate them for the future and strengthen employee loyalty, I have therefore decided to give our employees their own shares as a bonus. I look forward to the next few years together, in which we want to establish ourselves as a leading provider in the field of tyre and polymer recycling.”

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.