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Theon International Plc ( (NL:THEON) ) has issued an update.
Theon International Plc’s majority shareholder, Venetus Limited, has successfully sold approximately 3.2 million shares, representing 4.5% of the company’s share capital, to increase the free float and liquidity of Theon shares. The placement was well-received by institutional investors, with the order book being oversubscribed, reflecting confidence in Theon’s growth plans and enhancing access to its shares. Theon aims to maintain a significant shareholder position while benefiting from increased market momentum.
More about Theon International Plc
THEON GROUP develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence. Founded in 1997 in Greece, the company has expanded internationally with subsidiaries and production facilities in multiple countries, serving armed and special forces in 71 countries, including 26 NATO members. THEON INTERNATIONAL PLC is listed on Euronext Amsterdam.
YTD Price Performance: 52.78%
Average Trading Volume: 131,393
Current Market Cap: €1.35B
See more data about THEON stock on TipRanks’ Stock Analysis page.