The expected end is on October 1 at 17:00 CET for institutional investors and the same day at 16:00 for retail investors. The Company may decide to extend or shorten the offering period. The minimum order size is ten shares, the maximum order size is not limited.
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It is expected that after the completion of the offer, the share price of traded shares will be between 23 and 34 percent of all shares at the offer price in the middle of the price range. The company intends to use $ 40 to $ 50 million (up to $ 1.145 billion) to finance, in whole or in part, the investment costs and expenses associated with the implementation of a manufacturing plant project in Little Rock, Arkansas.
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The remaining part of the net income will be used to strengthen working capital and for other general company purposes, including financing possible acquisition opportunities.
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Each share is associated with the right of its holder to the payment of a dividend. In accordance with its dividend policy effective from the financial year ended 31 December 2020, the Company intends to target an annual dividend payment of 33 percent of consolidated net profit for that financial year. Dividends will be paid in crowns.
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“We see the stock offer as an opportunity for our investors to participate in our development and success. We believe that together with them we will be able to play a crucial role in the expected consolidation of the small arms segment and become a key partner for the armed forces and a recognized premium brand in Europe and the USA. Proceeds from the sale of shares will be used primarily to build new production capacity in the United States, “said Armory President Lubomír Kovařík.
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Česká zbrojovka is one of the leading European manufacturers of small arms for the armed forces, personal defense, hunting, sport shooting and other civilian uses. The company is headquartered in the Czech Republic and has manufacturing facilities in the Czech Republic and the United States.
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Česká zbrojovka’s shares were traded on the Prague Stock Exchange from the mid-1990s until November 2007. After the crowding out of the minority shareholders, they ended up on the stock exchange as the main owner, which was the Prague company EXIMAT. Armory shares were very rarely traded in recent years before they were listed on the stock exchange.
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The company operates in 90 markets worldwide. It employs about 1,625 people in its operations in the Czech Republic, Germany and the USA. Manufactures pistols, submachine guns or sport rifles. In civil production, it operates in the automotive and aerospace industries.
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The majority of the shares of the Uherské Brod armory belong to the company EHC CZUB, SE, controlled by René Holeček. Roughly one tenth of the shares belong to members of the Board of Directors, senior employees and Česká zbrojovka. The company has been a part of the Česká zbrojovka Group SE holding since the previous year.
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