Workflow
Night Vision and Thermal Imaging
icon
Search documents
Results of Venetus’ proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
Globenewswire· 2025-06-04 12:18
Core Viewpoint - Theon International Plc has successfully completed a share placement, increasing its free float to enhance liquidity and attract investor interest [2][3][4]. Group 1: Share Placement Details - Venetus Limited sold approximately 3.73 million shares, representing about 5.3% of Theon's share capital, with the placement priced at Euro 31.1 per share [2][4]. - Theon will not receive any proceeds from this placement, which was executed to improve the liquidity of its shares [3][4]. - Following the placement, Venetus and CHRE Investment Limited will hold approximately 70.0% of the company's share capital, while the free float will increase to 30.0% [4]. Group 2: Market Response and Future Outlook - The placement was oversubscribed, indicating strong interest from both existing and new investors, with demand nearly double that of a previous placement [6]. - The CEO expressed confidence that the increased free float will enhance trading liquidity and support the company's long-term growth strategy [6]. Group 3: Company Background - Theon Group specializes in developing and manufacturing advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8]. - The company has over 200,000 systems in service across 71 countries, including 26 NATO member countries, and has been listed on Euronext Amsterdam since February 2024 [8].
THEON presents its Q1 2025 Trading Update
Globenewswire· 2025-04-28 16:23
THEON 's integrated fused night vision binocular ORION THEON 's integrated fused night vision binocular ORION Press Release Bloomberg (THEON:NA) / Reuters (THEON.AS) 28 April 2025 – Theon International Plc (THEON) today publishes its Q1 2025 Trading Update, achieving excellent performance and continued strong growth, in line with guidance. Financial Summary Q1 2025Q1 2024ChangeOrder intake€117.9 m€39.0 m+202.3%<td style="width:245.4px;;border-top: solid black 1pt ; b ...