Prague (22 September 2020) ― CZG – Česká zbrojovka Group SE (“CZG” or the “Company”), whose ordinary shares were admitted to trading on the Prime Market of the Prague Stock Exchange (“PSE”) on 1 June 2020, announces today the launch of a public offering of its shares (the “Offering”). Today, the Company published the prospectus for the Offering (the “Prospectus”) and announced the price range for the Offering at CZK 290–370 per share (the “Offer Price Range”).
CZG is one of the leading European producers of firearms for military and law enforcement, personal defense, hunting, sport shooting and other civilian use headquartered in the Czech Republic, with production facilities in the Czech Republic and in the United States.
Commenting on today’s announcement, Lubomír Kovařík, President and Chairman of the Board of Directors of CZG, said: “We at Česká zbrojovka Group are very excited about offering our investors the possibility of being part of our story and our success. We believe that we, together with our investors, can play an important role in the expected consolidation of the small arms industry, become a key partner for military and law enforcement customers and be recognized as a premium brand of firearms in Europe and the United States. The proceeds we are aiming to raise from the Offering will be used mostly to build additional production capacities in the United States in order to meet high customer demand for our products in the USA.”
Jan Drahota, Vice-Chairman of the Board of Directors of CZG, added: “Our financial results and achievements in the last years clearly demonstrate that CZG is perfectly placed to successfully achieve its vision thanks to its robust business model, track record of strong growth, solid financial performance, and overall market position. The U.S. expansion plan clearly confirms our commitment to become a truly global player in the firearms industry.”