Pyrum Innovations AG: Trading begins on Euronext Growth Oslo after successful private placement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, JAPAN, HONG KONGOR THE UNITED STATESOR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Pyrum Innovations AG: Start of trading on Euronext Growth Oslo after successful private placement Oslo, 30 September 2021. Pyrum Innovations AG("Pyrum" or the "Company"), an innovative recycling technology company based in Dillingen, Germany, is pleased to announce today's start of trading of its shares on Euronext Growth market in Oslo, Norway, a multilateral trading facility operated by the Oslo Stock Exchange. The listing follows the successful Private Placement of Pyrum shares with a total transaction size of approx. NOK 476.4 million(approx. EUR 46.4 million). The private placement attracted strong interest from German, Norwegian, as well as Nordic and international high-quality institutional investors and was significantly oversubscribed excluding shares pre-allocated to cornerstone investors. The cornerstone investors consisted of Continental Reifen Deutschland GmbH, Kalodion Fonds X (Discovergy) GmbH & Co. KGand OHL Gutermuth Industrial Valves GmbH. Pyrum has enjoyed the support of its existing shareholders over time and now is pleased to receive new support from leading investors that share the Company's view on the market. Pascal Klein, CEO of Pyrum Innovations AG: "This is an historic step for our company, which will lead Pyrum Innovations AGinto a new era of growth. I want to express my gratitude for this achievement to my team and all the supporters of our business in the past and of course in the completed private placement. We are looking forward to an exciting and promising future for Pyrum, in which we want to contribute our part to the achievement of a circular economy." Pareto Securities AS(the "Manager") acted as financial advisor to the Company and Bookrunner in connection with the Private Placement and Listing. Advokatfirmaet Selmer ASand Dentons Europe LLPare acting as legal advisors and IR.on AG as Financial PR advisor to Pyrum, while Advokatfirmaet BAHR ASand Hogan Lovells International LLPare acting as legal advisors to the Manager. About Pyrum Pyrum Innovations AGis active in the attractive recycling market for end-of-life-tires with its patented pyrolysis technology. Pyrum's pyrolysis plants are completely energy self-sufficient, save almost 100 % of the CO2 emissions normally generated during the disposal of end-of-life-tires in a cement plant and produce new raw materials such as pyrolysis oil, gas and recovered carbon black (rCB) from the waste used as input materials. In this way, Pyrum closes the recyclable material loop and pursues a 100% sustainable business model. As a pioneer, Pyrum Innovations AGwas the first company in the end-of-life-tire recycling sector to receive REACH registration from the EU for the pyrolysis oil it produces. This means that the oil is recognised as an official raw material. In addition, Pyrum is researching on new input materials as well as on new raw materials to be produced, such as the successfully ongoing tests for the extraction of hydrogen from the gas obtained by means of the patented technology. These achievements have also been recognised by international experts in the tire industry. For example, Pyrum won the Best Tyre Recycling Innovation category at the inaugural Recircle Awards. For more information, please contact: IR.on AG Dariusch Manssuri, Frederic HilkeTel: +49 221 9140 970 Email: [email protected] Pyrum Innovations AGKai Winkelmann, Head of Business Administration Email: [email protected] Important notice: This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S.Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United Statesabsent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S.state securities laws. The Company does not intend to register any part of the offering in the United Statesor to conduct a public offering of securities in the United States. Any sale in the United Statesof the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation and/or UKProspectus Regulation, i.e., only to investors who can receive the information without an approved prospectus in such EEA Member State or the UK. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 as amended (together with any applicable implementing measures in any Member State). " UKProspectus Regulation" means Regulation (EU) 2017/1129 as it forms part of United Kingdomdomestic law by virtue of the European Union(Withdrawal) Act 2018. This communication is only being distributed to and is only directed at persons in the United Kingdomthat are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict, and are beyond their control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. Neither the Manager nor any of their affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
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