Pyrum Innovations AG Announces Capital Increase Excluding Subscription Rights

Pyrum Innovations AG has decided on a capital increase through cash contributions, excluding shareholders' subscription rights. The increase, approved by their supervisory board, raises share capital from EUR 3,253,735 to up to EUR 3,703,735 by issuing up to 450,000 new shares utilizing Authorized Capital 2024. Each share will carry full dividend rights starting 1 January 2024.

ICF BANK AG Wertpapierhandelsbank is tasked with subscribing and underwriting these shares, targeting institutional investors via accelerated bookbuilding. This process commences on 21 October 2024 and concludes the following day. The placement price is set at EUR 27.50 per share, aiming to generate approximately EUR 12.4 million.

Proceeds will fund the development of a new site in Perl-Besch, joint venture participation, and general corporate needs. The shares will soon trade on the Frankfurt and Oslo Stock Exchanges.