The Czech company PRIMOCO UAV SE received CZK 90.5 million from investors on the Prague Stock Exchange to finance its further development. The Czech manufacturer of unmanned aircraft issued 364,200 new shares. The newly subscribed shares represent almost 8% of the company's share capital.
Investors have until May 17 to participate in the subscription of new shares of the Czech unmanned aerial vehicle manufacturer Primoco UAV. Traded on the Prague Stock Exchange START market, the company aims to raise up to 170 million crowns to accelerate the company’s development. In the first round, only existing shareholders were allowed to take up the share offer under their pre-emptive rights. Now, the subscription is open to any investor. The price range in the second round was set at 260 to 360 crowns per share, while the current Primoco UAV share price on the START market is 358 crowns. This corresponds to an appreciation of 49% since the beginning of this year.
Primoco UAV, the Czech manufacturer of unmanned aerial vehicles, has today launched a secondary share offering of a total of 655,300 new shares, which corresponds to more than 13% of the company's capital after the subscription is completed. The net total proceeds of the issue if all offered shares are subscribed will be up to CZK 170 million. This is based on the company’s prospectus (download HERE) approved last week by the Czech National Bank.
