The shares of Primoco UAV, the producer of unmanned aircraft, can be traded by investors every day
Prague, 10 March 2020 – The shares of Primoco UAV, the producer of unmanned aircraft, can be traded by investors every day. Although the START market of the Prague Stock Exchange where Primoco UAV’s securities were traded, was only available for execution of transactions once a month on a predetermined day, starting on Thursday, March 12, 2020, the START market was switched to daily trading. The Prague Stock Exchange thus wants to accommodate investors who have demanded greater flexibility from the market designed primarily for small and medium-sized Czech companies.
The change only affects trading frequency, other parameters including the auction schedule remain the same. Between 8 am and 9 am every weekday, there will be a pre-commercial phase including collection of orders. An open auction will begin at 9 am, ending at 12:30.
Primoco UAV entered the market of the Prague Stock Exchange, START Programme, in October 2018, issuing 252,000 shares at a price of CZK 250 per share. The issued shares correspond to 5.8% of the company’s outstanding shares.
Primoco UAV develops and produces the One 150 civilian unmanned aircraft, capable of flying completely independently according to programmed flight plans. The key features of the aircraft are its size, maximum take-off weight 150 kg, 15 hours endurance, 2 000 km range, cruising speed 100-150 km/h, payload 30 kg and fully automatic take-off and landing. The company focuses on civilian applications for the aircraft especially in energy, border and coastal protection, fire monitoring and search and rescue operations.