Core Points - Theon International Plc has secured a €300 million senior facility agreement with a syndicate of 9 banks, which can be upsized to €400 million if needed [2][4] - The funds will be utilized for refinancing existing short-term debt, supporting general corporate purposes, and potentially financing larger acquisitions [2] - Theon Group is a leader in developing and manufacturing night vision and thermal imaging systems for defense and security applications, with a global presence [6] Financial Details - The revolving credit facility has a tenor of 5 years [2] - Theon Group's CFO highlighted the favorable terms of the agreement, which enhances financial flexibility and supports growth ambitions [4] Company Background - Theon Group has been operational since 1997 and has a significant international presence with subsidiaries and production facilities in multiple countries [6] - The company has over 220,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [6] - Theon International Plc has been listed on Euronext Amsterdam since February 2024 [6]

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]

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].

Core Viewpoint - Theon International Plc (THEON) demonstrated strong financial performance and achieved significant milestones in FY 2024, with a focus on growth strategies and operational advancements [1][3]. Financial Highlights - Order intake for FY 2024 was €466 million, reflecting a book-to-bill ratio of 1.3x [11]. - Revenue increased by 61.1% to €352.4 million, driven by scaling existing contracts and securing new ones [12]. - Adjusted EBIT rose by 56.5% to €88.4 million, maintaining a margin of 25.1% [11][12]. - Proposed dividend per share is €0.34, representing a 35% payout ratio of FY 2024 net income [12]. Operational and Strategic Highlights - Successful listing on Euronext Amsterdam in February 2024 raised approximately €94 million for growth [3]. - Major contract wins included extensions and new agreements with global defense forces, enhancing operational security [4][5]. - Acquisition of Harder Digital aimed at insourcing critical components and strengthening the supply chain [5]. Post Period End and Outlook - Strong start to 2025 with new contracts and participation in significant programs, boosting FY 2025 guidance coverage to around 90% [6]. - Anticipation of further orders due to increasing international traction for A.R.M.E.D products and low global penetration of night vision goggles [6]. - The company is in advanced stages of several large tenders, predicting strong growth in the coming years [6]. Additional Information - THEON placed approximately 3.2 million shares in March 2025, broadening its investor base [7]. - Included in FT Europe's 1,000 fastest-growing companies for the second consecutive year [7]. - Initiated the process to participate in the United Nations Global Compact, emphasizing commitment to sustainable practices [7].