Pyrum Innovations AG

  • WKN: A2G8ZX
  • ISIN: DE000A2G8ZX8
  • Land: Deutschland

Nachricht vom 24.03.2022 | 11:00

Pyrum Innovations AG applies for secondary listing in the Scale segment of Deutsche Börse in Frankfurt

DGAP-News: Pyrum Innovations AG / Key word(s): Regulatory Admission
24.03.2022 / 11:00
The issuer is solely responsible for the content of this announcement.

Pyrum applies for secondary listing in the Scale segment of Deutsche Börse in Frankfurt
  • Second listing expected to start on 30 March 2022
  • Increase visibility in Germany

Dillingen / Saar, 24 March 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its pyrolysis technology, filed an application for a secondary listing in the Scale segment with Deutsche Börse AG in Frankfurt. The company expects the shares to be included in trading in Frankfurt on 30 March 2022. The initial listing of Pyrum's shares took place on 30 September 2021 on the Euronext Growth Market, the growth segment for small and medium-sized companies of the Oslo Stock Exchange. As a legally registered SME growth market, the Scale segment offers Pyrum, as a Saarland-based company, efficient access to national and international investors and is thus a good alternative to the EU-regulated General Standard and Prime Standard segments.

Edison Investment Research Limited's equity research associated with the listing will be available in the investor section of the Company's website at no later than the commencement of the secondary listing.

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for end-of-life-tyres with its patented pyrolysis technology. Pyrum's pyrolysis process is completely energy self-sufficient, saves up to 98% of the CO2 emissions normally generated during the disposal of end-of-life-tyres in a cement plant and produces new raw materials such as pyrolysis oil, gas and recovered carbon black from the waste used as input materials. In this way, Pyrum closes the recyclable material loop and pursues a completely sustainable business model. As a pioneer, Pyrum Innovations AG was the first company in the end-of-life-tyre recycling sector to receive REACH registration from the European Chemicals Agency (ECHA) for the pyrolysis oil it produces. This means that the oil is recognised as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC PLUS certification for the pyrolysis oil and the recovered carbon black. Both products are thus considered sustainable and renewable raw materials. These achievements have also been recognised by international experts in the tyre industry. For example, Pyrum won the Best Tyre Recycling Innovation category at the inaugural Recircle Awards and has been nominated for the "Grand Prix Mittelstand" ("Großer Preis des Mittelstandes") from the German state of Saarland.


IR.on AG
Frederic Hilke
Tel: +49 221 9140 970

Pyrum Innovations AG
Dieselstraße 8
Dillingen / Saar


24.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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