THEON resolves on share buyback

Group 1 - Theon International Plc (THEON) will initiate a buyback of up to 1,400,000 ordinary shares until June 5, 2026, to fulfill obligations under a planned long-term employee incentive plan [2][3] - The buyback program was approved by shareholders at the General Meeting held on June 5, 2025 [2] - Venetus Limited, the majority shareholder, received an exemption from launching a mandatory takeover bid due to the passive increase of its voting rights resulting from the buyback [3] Group 2 - The company plans to implement the buyback program under the 'safe harbour' exemption in accordance with Article 5 of the Market Abuse Regulation [4] - Ongoing share repurchase information will be available on the company's website [4] - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [5]