Primoco UAV offers new shares for CZK 170m to investors

Published: 03.05.2021 Related countries:  Singapore Singapore

Primoco UAV offers new shares for CZK 170m to investors

Primoco UAV has started an offer of 655,300 new shares, which corresponds to more than a 13% share in the company’s registered capital after the subscription ends. Should all the offered shares be subscribed, the net yield of the issue will total up to CZK 170m. Among other things, the company plans to use the raised funds to expand its Písek-Krašovice airport and production capacities in connection with an increased number of orders from clients to supply them with unmanned aerial vehicles. Director Ladislav Semetkovský added that some of the funding would be invested in the development of new technologies. The subscription on the Prague Stock Exchange ends on May 17, 2021. (Source: ČIA News,www.cianews.cz/en)