Tyre recycler Pyrum Innovations AG has announced a capital increase aimed at raising up to EUR21 million. Approved by the company’s supervisory board, the move will involve issuing up to 763,764 new shares priced at EUR1.00 each, with full dividend rights from January 2025.
Shareholders will be entitled to subscribe at a ratio of 5:1 through Baader Bank.
The subscription period is set from November 26 to December 10, 2025.
If fully subscribed, the capital raised will be directed towards site investments in Dillingen/Saar, strengthening equity capital of its subsidiary GreenFactory II GmbH in Perl-Besch, Germany, and for joint ventures for new plants as well as to reinforce the overall equity capital base.
. Shares not subscribed will be offered to qualified investors in Europe.