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Spinnova Oyj : Composition of the Shareholders' Nomination Board of Spinnova Plc

09/02/2021 | 04:07am

In accordance with the Charter of Spinnova Plc's Shareholders' Nomination Board, as approved by the company's Annual General Meeting held on 10 May 2021, the following members have been nominated to the company's Nomination Board:

  • Vinicius Nonino, Suzano S.A.
  • Hanna Liiri, Besodos Investors Oy
  • Ilkka Kivimäki, Maki.vc Fund I Ky
  • Timo Soininen, Chairman of the Board of Directors of Spinnova Plc

The Nomination Board has four (4) members. Three (3) of those members are representatives appointed by the three largest shareholders, and one (1) member is a board member appointed by the Company's Board of Directors from amongst themselves.

The company's largest shareholders entitled to appoint members to the Nomination Board shall be determined annually on the basis of the registered holdings in the company's shareholders' register held by Euroclear Finland Ltd as of the first weekday in September in the year concerned, or on the basis of separate shareholding information presented by nominee registered shareholders. The representative of the largest shareholder will be appointed as the Chair of the Nomination Board, unless the members of the Nomination Board unanimously decide otherwise.

The Nomination Board of Spinnova Plc is responsible for preparing proposals to upcoming annual general meetings and, where necessary, to any extraordinary general meetings, concerning the election and remuneration of the members of the Board of Directors and the remuneration of board committee members. The Nomination Board is also responsible for ensuring that the Board of Directors and its members have a sufficient level of knowledge and experience that corresponds to the needs of the Company.

More information on the Shareholders' Nomination Board of Spinnova plc and its Charter is available on the company's investor website at https://spinnovagroup.com/corporate-governance/general-meeting/.

For more information, please contact:
Timo Soininen
Chairman of the Board
Tel. +41 79 570 65 65

Ben Selby
Chief Financial Officer
+358 50 305 8077

Certified advisor

Alexander Corporate Finance Oy
+358 50 520 4098

Spinnova - Sustainable textile materials, naturally

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

The patented SPINNOVA® fibre creates zero waste and side streams or microplastics, and its CO2 emissions and water use are minimal. SPINNOVA® materials are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste.

Spinnova has been awarded e.g. by the Fast Company, ISPO, Scandinavian Outdoor, ANDAM, Monocle and Marie Claire UK.

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

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


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