Latest news with #Theon
Forbes
3 days ago
- Automotive
- Forbes
Fortunately, Here's A Restomod Porsche 911-Alike I Tried Earlier
Theon's near-$1m hyper-modded Porsche 964 - but you have to look closely... Sometimes the Gods of Diaries, Deadlines and Travel Delays conspire to create the perfect storm of logistical implosion resulting in the need for that excruciating call. "Aarrgghh. I'm sorry, I'm not going to make it there," was the cringer to Oxfordshire, UK, -based Theon Design, which specialises in re-thinking and then enhancing one of the automotive greats: Porsche's 911 (964). On offer was a drive in Theon's most powerful, lightest 964-based Coupe commission to date. Built for a US customer over the course of 18 months, the F1 grade carbon-Kevlar bodied two-door in Azzuro Thetys Metallic, combining a 421bhp naturally-aspirated flat-six with a kerb weight of just 1,150kg (2540lbs), promised spectacular performance, as you might expect with a power-to-weight ratio better than that of the 992.1 GT3 RS. Fortunately, I'd driven one they'd made earlier... It's This is as close as you'll ever get to hands, feet and backside being indirect contact with the road ... More surface A 964 Jim, But Not As We Know It Theon, which, as per intellectual property and trademark legal requirements, has to follow strict guidelines as to how it terms its cars, stressing it has no connection with the Porsche brand; it sources donor 964s and then, to coin the cliché, re-engineers them according to customer wants. And some of those wants yield some pretty special cars. On top, they look like 964s. Underneath (cliche alert #2...) they're state of the art, science and engineering. On the face of it, and assuming you don't come across a 964 every day, and few of us do, they look like very nice 964s. Period cliché fans might witticise it's a 964 Jim, but not as we know it. Because once you've done a tour of a Theon-designed car the detail differences and enhancements add up. Most of those visible enhancements involve fractions of an inch or a few millimeters difference: the space between headlamp and front fender, the slightly bigger wheel and tire size, the location of a fresh air vent in the panel surrounding the rear window. Details everywhere, and nowhere. Look carefully for visible detail, but the real differences are ... More under the carbon fibre bodywork. What You Don't See Is What You Get, Really Get But the less-visible changes are where the big improvements lie: Donor 964s, either sourced by Theon or provided by the customer, are first stripped back to bare metal before being rebuilt from the ground up with full RS seam welding. This transforms torsional rigidity and structural strength. In the case of the US-bound car, the reinforced platform was then cloaked in a complete F1-grade carbon fibre-Kevlar body, including the roof, blending aerospace and F1 composite technology to deliver a car that's both super-light and exceptionally rigid. Brakes are carbon ceramic, suspension straight out of high-end 2025 parts catalogues and then tuned to suit the car and its likely usage, that usage being determined through a continuous dialogue with the customer. But it's nuances such as relocation of air conditioning and power steering equipment, and battery, to tweak the balance of the car, that make it a 964 as some of us recall but featuring the sorts of capability extensions to satisfy frustrated generations of 964 fans. Just as well given the performance potential: the air-cooled 4.0-litre engine, a flat-six motor, Theon's most-powerful to date - produces 421bhp at 7,400rpm, and 330lb/ft of torque at 5,400rpm. It sits in Theon's super-pared-back engine bay, breathing through motorsport-style open trumpets, with bespoke independent throttle bodies developed with British specialists Jenvey. A defining characteristic of the 964 flat-six motor is the songs it plays on the way to ... More 7,400rpm-plus. Upside, Downside Potential downside? Heavy-metal-band-gig-level racket. Upside? Heavy-metal-band-gig-level racket. A big part of any 964 driving experience is the noise, but the US-bound car has been fitted with an active switchable exhaust. It has a "closed" mode for town driving or early starts, but a "raucous" open mode for, shall we say, spirited drives. Rock-band-level racket it may be, but there's little to match a flat-six in full song. Servicing, meanwhile, is simplified, with a single plug connecting all wiring to the bulkhead, meaning the engine can be dropped out in a matter of minutes: anything beyond basic maintenance on a 964 means dropping the engine. However, Theon can also monitor their cars' systems anywhere in the world, even remotely changing settings to allow for poor-quality fuel. Theon co-founder Adam Hawley, a former senior designer for luxury OEMs such as BMW, Jaguar, Land Rover and Lotus, is detail-obsessed, often staying into the night analyzing the cars in re-development. He's always armed with a roll of green tape which he attaches to areas of the car that aren't quite detailed enough, or for when he has a light bulb idea moment for a further mod or change. While adding up to more work and continuous improvement tasks for design and engineering staff, it all adds up to the cars being optimized for fast road use and the occasional track outing, he says. The Porsche 964 Theon-style. A showstopper from every angle. So, What's It Like To Drive? I'd earlier driven a 400bhp, slightly heavier Theon-modified 964. It's a car you'd love or hate. The haters would be those who drive or passenger in a modern-day digital capsule, divorced and insulated from the sensations of enthusiastic motoring. But the Theon 964 is the closest thing to having your hands, feet and backside directly in contact with the road. These cars are communicators. And the more you know about what's going on through the contact patches, the more enjoyment. The authenticity of the noise might even be frightening to those unfamiliar with the almost sentient sound emissions of the flat-six, especially as, just when you think it can't rise to another visceral level, it does as it passes through peak torque at 5,400 rpm, then peak power at 7,400rpm. Handling? Go-kart. Acceleration? Horizon-introductory: startling and relentless. Price? From around $1m (£750,000). Desirability? Do you really have to ask?
Yahoo
04-06-2025
- Business
- Yahoo
Results of Venetus' proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
PRESS RELEASE Bloomberg (THEON:NA) / Reuters ( June 2025 - Theon International Plc ('Theon' or the 'Company') has been informed that its shareholder Venetus Limited ('Venetus') (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the 'Placing'). The final deal was upsized from initial indications. The Company will not receive any proceeds from the Placing. Venetus' aim is to increase the free float of the Company and subsequently improve liquidity of Theon shares. In connection with the transaction, Berenberg and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners, while WOOD & Company Financial Services A.S. is acting as Co-Bookrunner, and Marex SA and Pantelakis Securities SA are acting as Co- Lead Managers. Following the settlement of the Placing, Venetus and CHRE Investment Limited ('CHRE') (a legal entity controlled by Mr. Christianos Hadjiminas) will hold approximately 70.0% of the share capital of the Company and the free float will increase to 30.0%. The Placing, carried out through an accelerated bookbuilding process, was priced at Euro 31.1 per share and will be settled by delivery of shares against payment of the consideration on 6 June 2025. Pursuant to the lock-up undertaking for the Placing, Venetus and CHRE will be subject to a 90-day lock-up period with respect to sales of additional shares of the Company, subject to customary exceptions. Berenberg and UBS Europe SE waived the lock-up undertaking of the Venetus related to the placing executed earlier this year, commencing on 14 March 2025 and ending 90 days thereafter. Christian Hadjiminas, CEO and Founder of Theon commented: 'We are very satisfied with the successful outcome of our recent placement and the strong interest demonstrated by both existing and new investors. The multiple times oversubscription, with almost double the demand compared to the previous placement, underscores the continued confidence the global investment community places in Theon. We believe the increased free float will enhance trading liquidity and support our positive market momentum. We remain committed to executing our long-term growth strategy and increasing shareholder value'.For inquiries, please contact: Investor RelationsNikos MalesiotisE-Mail: ir@ +30 210 6772290 Media ContactElli MichouE-Mail: press@ Tel: +30 210 6728610About THEON GROUP THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 200,000 systems in service with Armed and Special Forces in 71 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024. Attachment Venetus Placement Results Press Release
Yahoo
04-06-2025
- Business
- Yahoo
Results of Venetus' proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
PRESS RELEASE Bloomberg (THEON:NA) / Reuters ( June 2025 - Theon International Plc ('Theon' or the 'Company') has been informed that its shareholder Venetus Limited ('Venetus') (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the 'Placing'). The final deal was upsized from initial indications. The Company will not receive any proceeds from the Placing. Venetus' aim is to increase the free float of the Company and subsequently improve liquidity of Theon shares. In connection with the transaction, Berenberg and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners, while WOOD & Company Financial Services A.S. is acting as Co-Bookrunner, and Marex SA and Pantelakis Securities SA are acting as Co- Lead Managers. Following the settlement of the Placing, Venetus and CHRE Investment Limited ('CHRE') (a legal entity controlled by Mr. Christianos Hadjiminas) will hold approximately 70.0% of the share capital of the Company and the free float will increase to 30.0%. The Placing, carried out through an accelerated bookbuilding process, was priced at Euro 31.1 per share and will be settled by delivery of shares against payment of the consideration on 6 June 2025. Pursuant to the lock-up undertaking for the Placing, Venetus and CHRE will be subject to a 90-day lock-up period with respect to sales of additional shares of the Company, subject to customary exceptions. Berenberg and UBS Europe SE waived the lock-up undertaking of the Venetus related to the placing executed earlier this year, commencing on 14 March 2025 and ending 90 days thereafter. Christian Hadjiminas, CEO and Founder of Theon commented: 'We are very satisfied with the successful outcome of our recent placement and the strong interest demonstrated by both existing and new investors. The multiple times oversubscription, with almost double the demand compared to the previous placement, underscores the continued confidence the global investment community places in Theon. We believe the increased free float will enhance trading liquidity and support our positive market momentum. We remain committed to executing our long-term growth strategy and increasing shareholder value'.For inquiries, please contact: Investor RelationsNikos MalesiotisE-Mail: ir@ +30 210 6772290 Media ContactElli MichouE-Mail: press@ Tel: +30 210 6728610About THEON GROUP THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 200,000 systems in service with Armed and Special Forces in 71 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024. Attachment Venetus Placement Results Press Release
Business Upturn
04-06-2025
- Business
- Business Upturn
Results of Venetus' proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
By GlobeNewswire Published on June 4, 2025, 17:18 IST PRESS RELEASE Bloomberg (THEON:NA) / Reuters ( 4 June 2025 – Theon International Plc ('Theon' or the 'Company') has been informed that its shareholder Venetus Limited ('Venetus') (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the 'Placing'). The final deal was upsized from initial indications. The Company will not receive any proceeds from the Placing. Venetus' aim is to increase the free float of the Company and subsequently improve liquidity of Theon shares. In connection with the transaction, Berenberg and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners, while WOOD & Company Financial Services A.S. is acting as Co-Bookrunner, and Marex SA and Pantelakis Securities SA are acting as Co- Lead Managers. Following the settlement of the Placing, Venetus and CHRE Investment Limited ('CHRE') (a legal entity controlled by Mr. Christianos Hadjiminas) will hold approximately 70.0% of the share capital of the Company and the free float will increase to 30.0%. The Placing, carried out through an accelerated bookbuilding process, was priced at Euro 31.1 per share and will be settled by delivery of shares against payment of the consideration on 6 June 2025. Pursuant to the lock-up undertaking for the Placing, Venetus and CHRE will be subject to a 90-day lock-up period with respect to sales of additional shares of the Company, subject to customary exceptions. Berenberg and UBS Europe SE waived the lock-up undertaking of the Venetus related to the placing executed earlier this year, commencing on 14 March 2025 and ending 90 days thereafter. Christian Hadjiminas, CEO and Founder of Theon commented: 'We are very satisfied with the successful outcome of our recent placement and the strong interest demonstrated by both existing and new investors. The multiple times oversubscription, with almost double the demand compared to the previous placement, underscores the continued confidence the global investment community places in Theon. We believe the increased free float will enhance trading liquidity and support our positive market momentum. We remain committed to executing our long-term growth strategy and increasing shareholder value'. For inquiries, please contact: About THEON GROUP THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 200,000 systems in service with Armed and Special Forces in 71 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024. Attachment Venetus Placement Results Press Release Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Associated Press
04-06-2025
- Business
- Associated Press
Results of Venetus' proposed placing of shares in Theon International to strengthen the free float and liquidity of the stock
PRESS RELEASE Bloomberg (THEON:NA) / Reuters ( 4 June 2025 - Theon International Plc ('Theon' or the 'Company') has been informed that its shareholder Venetus Limited ('Venetus') (whose shares are primarily held by key executives of Theon Group and Theon CEO, Christianos Hadjiminas), has successfully completed the sale of approximately 3.73 million shares in Theon equal to approximately 5.3% of the share capital of the Company (the 'Placing'). The final deal was upsized from initial indications. The Company will not receive any proceeds from the Placing. Venetus' aim is to increase the free float of the Company and subsequently improve liquidity of Theon shares. In connection with the transaction, Berenberg and UBS Europe SE acted as Joint Global Coordinators and Joint Bookrunners, while WOOD & Company Financial Services A.S. is acting as Co-Bookrunner, and Marex SA and Pantelakis Securities SA are acting as Co- Lead Managers. Following the settlement of the Placing, Venetus and CHRE Investment Limited ('CHRE') (a legal entity controlled by Mr. Christianos Hadjiminas) will hold approximately 70.0% of the share capital of the Company and the free float will increase to 30.0%. The Placing, carried out through an accelerated bookbuilding process, was priced at Euro 31.1 per share and will be settled by delivery of shares against payment of the consideration on 6 June 2025. Pursuant to the lock-up undertaking for the Placing, Venetus and CHRE will be subject to a 90-day lock-up period with respect to sales of additional shares of the Company, subject to customary exceptions. Berenberg and UBS Europe SE waived the lock-up undertaking of the Venetus related to the placing executed earlier this year, commencing on 14 March 2025 and ending 90 days thereafter. Christian Hadjiminas, CEO and Founder of Theon commented: 'We are very satisfied with the successful outcome of our recent placement and the strong interest demonstrated by both existing and new investors. The multiple times oversubscription, with almost double the demand compared to the previous placement, underscores the continued confidence the global investment community places in Theon. We believe the increased free float will enhance trading liquidity and support our positive market momentum. We remain committed to executing our long-term growth strategy and increasing shareholder value'. For inquiries, please contact: About THEON GROUP THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 200,000 systems in service with Armed and Special Forces in 71 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024. Attachment
