AdHoc: Pyrum Innovations AG carries out a cash capital increase from authorised capital with exclusion of subscription rights

22 Oct 2024 13:56 CEST

Ad hoc announcement
of Pyrum Innovations AG

Publication of inside information in accordance with Art. 17 of Regulation (EU)
No. 596/2014

Pyrum Innovations AG carries out a cash capital increase from authorised capital
with exclusion of subscription rights

Dillingen/Saar, 22 October 2024 - The management board of Pyrum Innovations AG
(ISIN DE000A2G8ZX8, WKN A2G8ZX) today with the approval of the company's
supervisory board determined the volume of the capital increase against cash
contributions resolved on 21 October 2024 excluding shareholders' subscription
rights. The volume amounts to 363,637 new shares. The share capital of the
company will be increased from EUR 3,253,735.00 divided into 3,253,735 no-par
value registered shares with a nominal share of the share capital of EUR 1.00
per share by partially utilising the Authorised Capital 2024 by issuing 363,637
no-par value registered shares by EUR 363,637.00 to EUR 3,617,372.00. The new
shares carry full dividend rights from 1 January 2024.

The new shares were subscribed as part of a private placement without a
prospectus obligation and placed with institutional investors at a placement
price of EUR 27.50 per new share.

The new shares are to be included into trading on the open market of the
Frankfurt Stock Exchange in the Scale segment and into trading on the Oslo Stock
Exchange (Euronext Growth). Inclusion will take place immediately after the
capital increase. The gross issue proceeds from the capital increase will amount
to approximately EUR 10,000,017.50. Pyrum Innovations AG plans to use these
proceeds for the development of the new site in Perl-Besch, for participation in
joint ventures for new plants of the Pyrum Innovations AG as well as for general
corporate purposes.

Additional information required for Norway:
The management and supervisory board have considered the structure of the
capital increase in light of applicable equal treatment obligations. As the
capital increase results in a limited dilution, enables the company to raise
equity efficiently and in a timely manner at a relatively low discount to
current trading price, it is concluded that the transaction structure is in the
common interest of the company and its shareholders.

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

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

More information:
Access the news on Oslo Bors NewsWeb site

630115_2024 10 22 Ad-hoc CI_EN_final.pdf