Pascal Klein, CEO and largest single shareholder of Pyrum Innovations AG (Pyrum), held a total of 4,000 Pyrum shares on July 31, 2023 sold over the counter (OTC) to the member of the Supervisory Board Jürgen Opitz. Mr. Opitz thus increases his shareholding slightly and, including attributable shares, holds around 8% of Pyrum.

Pascal Klein continues to hold around 10% of the company. The transaction was executed as an OTC transaction at a purchase price of EUR 50.00 per share and thus around 3.7% above the average of the last five trading days before the conclusion on Xetra (EUR 48.23). The corresponding notifications from Pyrum Innovations AG on proprietary transactions by executives are available on the company’s website.

Pascal Klein: “I am and will remain Pyrum's largest single shareholder. However, a major tax payment due to the IPO prompted me to sell a small portion of my stock in the company. My shares are in very good hands with Jürgen Opitz. With the over-the-counter transaction, we wanted to prevent a possible price impact due to the tight market for Pyrum shares.”

Pyrum Innovations AG, a pioneering company that sustainably recycles used tires with its patented pyrolysis technology, has been listed on the Euronext Growth market segment of the Oslo Stock Exchange since September 30, 2021 and on the Scale market segment of the Frankfurt Stock Exchange since March 30, 2022. In addition to the founding partners Pascal Klein and Michael Kapf, the group of major shareholders also includes the chemical group and cooperation partner BASF with a current stake of 7.9%. The tire manufacturer Continental, among others, also participated in the IPO.

Press release by Pyrum.