Pyrum Innovations AG Executes Capital Increase Excluding Subscription Rights

Pyrum Innovations AG has announced a capital increase from authorized capital, excluding shareholders' subscription rights. The board has approved the issue of 363,637 new shares at a placement price of EUR 27.50 each. This move will increase the company's share capital from EUR 3,253,735.00 to EUR 3,617,372.00. The new shares will be listed immediately on the Frankfurt and Oslo Stock Exchanges.

The decision follows a private placement targeting institutional investors, generating approximately EUR 10,000,017.50 in gross proceeds. The funds are earmarked for a new site in Perl-Besch, joint ventures for additional plants, and general corporate purposes.

The board concluded that the capital increase, ensuring minimal dilution and efficiency, serves the company's and shareholders' interests. The shares will carry full dividend rights as of January 1, 2024.