The Leading Journal for the Tyre Recycling Sector

The Leading Journal for the Tyre Recycling Sector

Pyrum Innovations AG: Supervisory Board Member Acquires Shares from the Executive Board OTC

Pascal Klein, CEO and the largest individual shareholder of Pyrum Innovations AG), 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

Opitz has increased his shareholding and holds around 8 per cent in Pyrum, including attributable shares. Pascal Klein continues to hold around 10 per cent 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 per cent 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.

Klein said; “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 per cent. The tyre manufacturer Continental, among others, also participated in the IPO.