THEON Announces Results of the Rights Issue

Core Viewpoint - Theon International PLC successfully concluded a Rights Issue, with approximately 99% of the offered new shares subscribed, raising around €148 million [4][9]. Group 1: Rights Issue Details - The subscription period for the Rights Issue ran from December 2 to December 15, 2025, during which 68,176,464 Rights were exercised for 8,522,058 New Shares [4]. - The majority shareholders, Venetus Limited and CHRE Investments Limited, committed approximately €107 million to the New Shares, exercising their pro-rata entitlement [5]. - A total of 102,587 New Shares, representing about 1% of the total offered, will be available for sale to institutional investors through a Rump Placement [6][9]. Group 2: Rump Placement and Listing - The Rump Placement will begin immediately and is expected to conclude by December 16, 2025, before market opening [7][9]. - The issuance of the New Shares is scheduled for December 18, 2025, with the listing on Euronext Amsterdam occurring at 09:00 CET on the same day [7][9]. Group 3: Underwriting and Lock-Up Agreements - The Offering is underwritten by certain investment banks, while the Committed Shares are not underwritten [8]. - The Company and the Committing Shareholders have agreed to lock-up agreements that will expire 180 days after the Closing Date, with certain exceptions [10]. Group 4: Company Overview - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [24]. - Theon Group has over 240,000 systems in service with armed and special forces across 71 countries, including 26 NATO member countries [25].