Business
Results of Venetus’ proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) 4 June 2025 - Theon International Plc (“Theon” or the “Company”) has been informed that its shareholder Venetus Limited (“Venetus”) (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the “Placing”). The final deal was upsized from initial ind
About this update from Theon International Plc
[{"type":"image","alt":"Theon International PLC","displaySize":"","headline":null,"caption":"Theon International PLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":212,"url":"https://media.zenfs.com/en/globenewswire.com/f6805ab7eb56bfd98ca676a9b6355b0f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.3zcFeWxh5Lu_MCsxAM_yw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI5NztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f6805ab7eb56bfd98ca676a9b6355b0f","width":300,"height":212}},"lazy":false},{"type":"text","content":"PRESS RELEASE","length":13,"tagName":"p"},{"type":"text","content":"Bloomberg (THEON:NA) / Reuters (THEON.AS)","length":41,"tagName":"p"},{"type":"text","content":"","length":0,"tagName":"p"},{"type":"text","content":"4 June 2025 - Theon International Plc (“Theon” or the “Company”) has been informed that its shareholder Venetus Limited (“Venetus”) (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the “Placing”). The final deal was upsized from initial indications.","length":453,"tagName":"p"},{"type":"text","content":"The Company will not receive any proceeds from the Placing. Venetus’ aim is to increase the free float of the Company and subsequently improve liquidity of Theon shares. In connection with the transaction, Berenberg and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners, while WOOD & Company Financial Services A.S. is acting as Co-Bookrunner, and Marex SA and Pantelakis Securities SA are acting as Co- Lead Managers.","length":443,"tagName":"p"},{"type":"text","content":"Following the settlement of the Placing, Venetus and CHRE Investment Limited (“CHRE”) (a legal entity controlled by Mr. Christianos Hadjiminas) will hold approximately 70.0% of the share capital of the Company and the free float will increase to 30.0%.","length":252,"tagName":"p"},{"type":"text","content":"The Placing, carried out through an accelerated bookbuilding process, was priced at Euro 31.1 per share and will be settled by delivery of shares against payment of the consideration on 6 June 2025.","length":203,"tagName":"p"},{"type":"text","content":"Pursuant to the lock-up undertaking for...