Theon International Plc (THEON) announces a buyback of up to 1,400,000 ordinary shares for a long-term employee incentive plan, approved by shareholders on June 5, 2025. Venetus Limited, majority shareholder, received an exemption from a mandatory takeover bid due to potential voting rights increase from the buyback. The company plans to implement a buyback program in compliance with EU regulations. Updates on share repurchases will be available on the company’s website. THEON GROUP develops night vision and thermal imaging systems for Defense and Security globally, with more than 220,000 systems in service in 71 countries.

Read more at GlobeNewswire: THEON resolves on share buyback