Pyrum held its first Annual General Meeting following its IPO
Pyrum Innovations AG (Pyrum) yesterday held its first Annual General Meeting following its IPO in Oslo and its secondary listing on the Frankfurt Stock Exchange. The Executive Board looked back on the year 2021, in which the company had reached important milestones on the way to the commercial development of its pyrolysis technology and achieved a total output of 3.7 million euros. The shareholders present approved all agenda items with a large majority.
Renata Bandov was elected as a new member of the Supervisory Board by the Annual General Meeting. The lawyer is Head of Capital Markets at Deutsche Börse AG and takes over the vacant position after Jürgen Fischer resigned from office in January 2022. The Annual General Meeting also resolved to amend the object of the company in the Articles of Association. This is intended to enable the company to research not only plastic polymers but also other input materials as well as starting materials and the resulting products, and thus to further develop the company's business areas in the interests of its shareholders.
The Executive Board of Pyrum Innovations AG expects that one to two special purpose vehicles (SPV) can be established with joint venture partners by the end of the year. A first company has already been established and is to build a 20,000-ton pyrolysis plant in Bavaria by 2024.
The voting results of the Annual General Meeting are published in addition to the presentation on the Annual General Meeting on Pyrum’s homepage.
To find out more, please proceed to Pyrum Innovations AG website.