EQS-News: Pyrum Innovations AG: Pyrum founder Pascal Klein gives employees a stake in the company

Pyrum founder Pascal Klein gives employees a stake in the company For the 15th anniversary of Pyrum, the founder of the company provides own shares for the participation of all permanent employees as part of a donation A total of around EUR 75,000 euros as recognition, motivation and to strengthen employee loyalty

Dillingen / Saar, 10 July 2023 – Pyrum Innovations AG ("Pyrum", the "company", ISIN: DE000A2G8ZX8), was informed today by its founder and main shareholder, Pascal Klein, that he would like all permanent employees to participate in the Company as part of a donation of treasury shares with a total equivalent value of around EUR 75,000. The shares were initially transferred to the company today by Pascal Klein and will subsequently be passed on by Pyrum to the approximately 70 employees evenly as a bonus within the framework of tax- and social security-free transferability. Further measures for employee retention are also planned for the future.

Pascal Klein, CEO of Pyrum Innovations AG: "Since our IPO in 2021, it has been very important to me to give our employees a stake in the success and growth of our company. Pyrum turns 15 this year and is now facing the next stage of development. Without our committed colleagues, this success story would not have been possible. In recognition of past achievements, to motivate for the future and to strengthen employee loyalty, I have therefore decided to give own shares to our employees as a bonus. I look forward to the next few years together as we strive to establish ourselves as a leader in tyre and polymer recycling."

 

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 energy self-sufficient and, according to the Fraunhofer Institute, saves significantly more CO2 emissions than today's standard recycling processes for end-of-life tyres - especially compared to incineration in cement plants - 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. In addition, Pyrum has received ISO 14001 certification for its environmental management system and ISO 9001 certification for its quality management system. 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.

https://www.pyrum.net/

 

Contact

IR.on AG
Frederic Hilke
Phone: +49 221 9140 970 
Email: pyrum@ir-on.com

Pyrum Innovations AG
Dieselstr. 8
66763 Dillingen / Saar 
Email: presse@pyrum.net