Colt CZ shares to begin trading on Amsterdam bourse on April 15

Colt CZ shares to begin trading on Amsterdam bourse on April 15

Prague/Uherske Hradiste, South Moravia, April 13 (CTK) - Ordinary shares of Czech arms manufacturer Colt CZ have been admitted to trading on the Euronext Amsterdam stock exchange, and trading on its regulated market is expected to begin on April 15, the Colt CZ group told CTK today.

Colt CZ shares are already traded on the Prague Stock Exchange (BCPP), and the shares will be fully fungible between the Prague and Amsterdam exchanges, according to the company.

"The completion of the dual listing on Euronext Amsterdam represents a significant milestone in the further development of the group as a publicly traded company," said Colt CZ CEO Radek Musil. Trading in the company's shares on the Prague Stock Exchange, where it has been listed since early June 2020, remains strategically important, according to Musil.

The application for a dual listing on Euronext Amsterdam was approved by the company's general meeting last week. The shares will trade in Amsterdam under the ticker COLT. The company's International Securities Identification Number (ISIN) remains CZ0009008942, the company said.

CZG - Ceska zbrojovka Group SE acquired American arms manufacturer Colt in 2021. The following year, it changed its name to Colt CZ. Another significant acquisition was the purchase of Czech ammunition manufacturer Sellier & Bellot for the equivalent of over CZK7.8bn and a new issue of Colt CZ ordinary shares. Early this year, the group completed the acquisition of a 51 percent stake in Czech nitrocellulose manufacturer Synthesia Nitrocellulose and in the energy division Synthesia Power. After deducting the debts of Synthesia Nitrocellulose, the transaction amounted to CZK10bn.

Colt CZ is based in Czechia and employs approximately 4,500 people at its manufacturing facilities in the Czech Republic, the United States, Canada, Sweden, Switzerland and Hungary. It manufactures firearms, ammunition and energy nitrocellulose. It sells its products primarily under the Colt, CZ (Ceska zbrojovka), Colt Canada, Colt Optics, Dan Wesson, Sellier & Bellot, swissAA, Spuhr and 4M Tactical brands.

According to media reports, Ceska zbrojovka Partners SE, the main shareholder of the Colt CZ group, is controlled by Rene Holecek, who is ranked among the richest Czechs. Last year, for example, he ranked 19th in Forbes magazine's list with a fortune of CZK25bn.

Colt CZ Group SE (Colt CZ) saw its revenues grow by 4.6 percent year-on-year to CZK23.398bn last year, its net profit rising by 95.7 percent to CZK2.044bn.

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