Pyrum Innovations AG: Chairman of the Supervisory Board increases his shareholding in the company

27 Feb 2023 19:00 CET

Press release
of Pyrum Innovations AG

Pyrum Innovations AG: Chairman of the Supervisory Board increases his
shareholding in the company

Dillingen / Saar, 27 February 2023 – Alf Schmidt, long-time 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, 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 very
respected Chairman of the Supervisory Board has become even more invested in
Pyrum. Alf Schmidt's financial commitment of around EUR 100,000 once again
illustrates his firm belief in our business model and our huge potential to
establish a sustainable circular economy for end-of-life tyres.”

Pyrum Innovations AG, a pioneer in the sustainable recycling of end-of-life
tyres 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%. In addition, the tyre manufacturer
Continental, among others, also participated in the IPO.

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 at
https://www.pyrum.net/en/investors/financial-releases/regulatory-announcements/.


About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres with its patented pyrolysis technology. Pyrum's pyrolysis
process is energy self-sufficient and, according to the Fraunhofer Institute,
saves significantly more CO2 emissions than today's standard recycling processes
for end-of-life tyres - especially compared to incineration in cement plants -
and produces new raw materials such as pyrolysis oil, gas and recovered carbon
black from the waste used as input materials. In this way, Pyrum closes the
recyclable material loop and pursues a completely sustainable business model. As
a pioneer, Pyrum Innovations AG was the first company in the end-of-life tyre
recycling sector to receive REACH registration from the European Chemicals
Agency (ECHA) for the pyrolysis oil it produces. 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 recovered carbon black. Both products are thus considered sustainable
and renewable raw materials. These achievements have also been recognised by
international experts in the tyre industry. For example, Pyrum won the Best Tyre
Recycling Innovation category at the inaugural Recircle Awards and has been
nominated for the “Grand Prix Mittelstand” (“Großer Preis des Mittelstandes”)
from the German state of Saarland.
https://www.pyrum.net/en


Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
Email: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar
Email: presse@pyrum.net

More information:
Access the news on Oslo Bors NewsWeb site

583698_2023 02 27 Pyrum CN share purchase_EN.pdf