Group of Colt CZ shareholders sell 1.74% stake at CZK 555/share

Colt CZ SE

09/06/2023 09:17

PRAGUE, June 9 (Reuters) - A small group of shareholders
in Colt CZ Group  CZG.PR  sold 1.74% of the Czech gunmaker in an
accelerated bookbuilding process at 555 crowns ($25.29) per
share, the company said in a stock market filing.
    Shares in Colt CZ had dropped as much as 5% on Thursday and
closed 2.7% down at 579 crowns after news of the planned share
sale. The shares were down 0.7% at 575 crowns by 0808 GMT on
Friday.
    The sale of the 599,035 shares followed a similar sale of
770,057 shares in November 2021. The selling shareholders were
connected to the gunmaker's acquisition of the U.S. brand Colt,
completed by the Czech company, previously named CZG-Ceska
Zbrojovka, in 2021.
($1 = 21.9490 Czech crowns)

 (Reporting by Jason Hovet
Editing by David Goodman)
 ((jason.hovet@thomsonreuters.com;))