SPINNOVA PLC, COMPANY RELEASE, 17 FEBRUARY 2026 AT 3.00 PM (UCT+2)

The Board of Directors of Spinnova Plc has resolved on a directed share issue without consideration for the delivery of the Matching Share Plan rewards

The Board of Directors of Spinnova Plc resolved on 20 March 2024 on the establishment of a Matching Share Plan for the CEO and the members of the Management Team. The plan ended on 31 December 2025.

Based on the authorisation granted by the Annual General Meeting of shareholders on 9 April 2025, the Board of Directors of Spinnova Plc has resolved on a directed share issue without consideration to the participants of the Matching Share Plan in order to deliver the share rewards. In the share issue, 20 654 new shares in the company will, in deviation from the shareholders' pre-emptive subscription right, be issued without consideration to the participants of the Matching Share Plan in order to deliver the rewards under the plan.

Taking into consideration the best interests of the company and shareholders, there is a particularly weighty financial reason for deviating from the shareholders' pre-emptive subscription right, in accordance with Chapter 9, Section 4, Subsection 1 of the Limited Liability Companies Act, as the shares are issued for the purpose of delivering the share reward under the Matching Share Plan in accordance with the terms and conditions of the plan.

The new shares issued in the share issue are estimated to be entered into the Trade Register on 2 March 2026 and applied for public trading on 3 March 2026. Following the entry of the new shares into the Trade Register, the total number of shares in the company will be 52 316 989.

Spinnova Plc

For further information, please contact:
Janne Poranen
CEO, Chairman of the Board
Tel. +358 20 703 2430
[email protected]

Certified advisor:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098

Distribution:
Nasdaq Helsinki
Key media

Spinnova - The textile material innovation  

Spinnova technology transforms the way textiles are manufactured globally. Based in Finland, Spinnova has developed breakthrough patented technology for making textile fibre out of wood pulp or waste, such as leather, textile or agricultural cropping waste, without harmful chemicals or dissolving.  

Spinnova technology creates no side streams in the fibre production process, and the SPINNOVA® fibre has minimal CO2 emissions and water use, as well as being biodegradable and recyclable. Spinnova technology uses a mechanical process which gives the fibre the look and feel of a natural cellulosic fibre such as cotton. 

Spinnova's shares (SPINN) are listed on the Nasdaq First North Growth Market Finland.  

SPINNOVA® home: www.spinnova.com 
Corporate & IR site: www.spinnovagroup.com