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CZECHOSLOVAK GROUP announces full exercise of Over-Allotment Option in connection with its Initial Public Offering on Euronext Amsterdam
Globenewswire· 2026-01-23 22:24
Core Viewpoint - CZECHOSLOVAK GROUP has successfully exercised the Over-Allotment Option in its Initial Public Offering on Euronext Amsterdam, raising significant capital and concluding the stabilisation period [3][4][6]. Group Overview - CZECHOSLOVAK GROUP a.s. is a leading defence group based in Prague, Czech Republic, with operations in Europe, the United States, and Asia Pacific [3][10]. - The company focuses on developing and supplying defence and industrial technologies, contributing to global security [10]. - CSG operates key manufacturing facilities in multiple countries, including the United States, the United Kingdom, and Germany, and employs over 14,000 people [11][12]. IPO Details - The Over-Allotment Option consisted of 19,826,086 existing ordinary shares, representing 15% of the total shares sold in the Offering, exercised at €25.00 per share, generating approximately €496 million for the selling shareholder [4][5]. - The total number of shares sold in the Offering reached 152,000,000, resulting in total gross proceeds of €3.8 billion [5]. - The stabilisation period ended on 23 January 2026, with no stabilisation transactions conducted during this time [6]. Financial Performance - In 2024, CSG reported annual revenues of €4.0 billion, indicating a strong financial position within the defence sector [12].