ACCESS Newswire
23 Nov 2021, 03:49 GMT+10
STOCKHOLM, SWEDEN / ACCESSWIRE / November 22, 2021 / Re:NewCell AB (publ) (FRA:6QP)(STO:RENEW)
On November 22, Renewcell's management and key personnel acquired a total of 416,531 call options in Renewcell. The acquisitions are part of the incentive program decided by the Extraordinary General Meeting on September 3, 2021. The warrants have a term of approximately 3 years. Each warrant entitles to subscribe for one Renewcell share at a subscription price which, in accordance with the terms decided by the EGM, is set at 287.53 SEK per share. The price per acquired option amounted to SEK 17.08, implying a total investment of approximately SEK 3.6 million net after bonuses received.
About Renewcell
Founded by innovators from Stockholm's KTH Royal Institute of Technology in 2012, Re:NewCell AB (publ) (‘Renewcell') is a multi-award-winning sustaintech company based in Sweden. The company's vision is to inspire an Industrial Evolution to a sustainable world by producing high quality materials from recycled textiles.
Through its patented process, Renewcell is able to upcycle cellulosic textile waste, such as cotton clothes, transforming it into a pristine new material called Circulose®. Fast Company named Renewcell one of the World's Most Innovative Companies 2021. Circulose® was also included on TIME Magazine's list of the 100 Best Inventions 2020.
Renewcell is a publicly listed company with shares traded on Nasdaq First North Premier Growth Market with the ticker name RENEW and ISIN code SE0014960431. FNCA Sweden AB is Renewcell's Certified Adviser, +46(0)8-528 00 399, [email protected].
Attachments
Management and key personnel acquire warrants in Renewcell
Contact
Hugo Petit
Chief Financial Officer
[email protected]
+46 70 7787196
SOURCE: Re:NewCell AB (publ)
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationOTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
Dhaka [Bangladesh], July 12 (ANI): The three-day second-round tariff talks between Bangladesh and the United States have ended without...
Washington, DC [US], July 12 (ANI): The Beatles legend Paul McCartney is hitting the road again. The singer-songwriter has announced...
New Delhi [India], July 12 (ANI): A preliminary investigation into the Air India flight AI171 crash has revealed that just seconds...
Hyderabad (Telangana) [India], July 12 (ANI): Telangana Chief Minister Revanth Reddy has said that the spirit of Telangana is similar...
The Pentagon abruptly suspended the shipments in early July, citing a need to audit remaining stockpiles Ukrainian President Vladimir...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...