Spinnova Plc establishes a new incentive plan for key employees

Spinnova PLC | Company Release | 11 September 2026, 14:00 PM EEST

The Board of Directors of Spinnova Plc (”Spinnova” or the “Company”) has resolved on the establishment of a new share and cash-based incentive plan. The target group of the incentive plan consists of six key employees of the Company. The establishment of the incentive plan and the payment of any rewards thereunder is conditional upon the completion of the Company’s planned initial public offering in the United States and dual listing on the Nasdaq Capital Market (the “US Listing”), as announced in the Company’s releases published on 13 August 2026 and 27 August 2026.

The purpose of the incentive plan is to incentivise and retain the Company’s key employees in the achievement of the Company’s strategic objectives and to align the interests of the key employees with the interests of the Company’s shareholders.

The incentive plan comprises one earning period commencing on 11 September 2026 and ending on 11 September 2027. Any reward under the earning period is contingent upon the successful completion of the US Listing and the amount of proceeds raised therein.

The incentive plan is a share and cash-based incentive plan with a total value of up to EUR 500,000 at target, of which EUR 300,000 is a share reward and EUR 200,000 is a cash reward. Approximately half of the share reward will be paid in shares and approximately half in cash to cover participant taxes. The maximum number of net reward shares to be issued under the incentive plan is 288,461 shares based on the closing price of the Company’s share on 13 August 2026 (EUR 0.52 per share). In general, no reward will be paid if the participant’s employment ends before the payment of the reward. A transfer restriction until 1 January 2028 applies to the net shares granted as a reward.

This release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations of offers to buy, or any sales of securities in the United States will be made only by means of a prospectus forming part of the registration statement filed with the U.S. Securities and Exchange Commission (SEC), after the registration statement has been declared effective by the SEC.

For further information, please contact:
Petri Kalliokoski, Deputy Chair
Tel. +358 20 703 2430
ir@spinnova.fi

Certified advisor:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098

Distribution:
Nasdaq Helsinki
Major media

About Us

Spinnova – The textile material innovation

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

Spinnova technology creates no side streams in the fibre production process, and the SPINNOVA® fibre has minimal CO2 emissions and water use, as well as being biodegradable and recyclable. Spinnova technology uses a mechanical process which gives the fibre the look and feel of a natural cellulosic fibre such as cotton.

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

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