March 8, 2022.
CYBERGUN, a global player in recreational shooting, announced this Friday, March 4, 2022
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a merger project with VERNEY-CARRON, the oldest French arms manufacturer, in order to create together the leading French player in small arms. Today, CYBERGUN clarifies elements on the financing envisaged.
As announced recently, the project carried out by CYBERGUN plans to make positions permanent within the VERNEY-CARRON company and to support a vast program of recruitments and investments of approximately 20 MEUR over the next 4 to 5 years in order in particular to increase the production capacity of the company. After consultation between the two companies, CYBERGUN has already secured several options for the financing of this project. The exact terms of each of these options are being discussed with VERNEY-CARRON’s banking partners as well as the public authorities and will be revealed once the Commercial Court of Saint-Étienne has ruled on the safeguard plan for the company. VERNEY-CARRON company.
For its part, CYBERGUN does not foresee recourse on its share to financing with the elimination of preferential subscription rights and will therefore not impose any dilution on its shareholders to finance this merger project.
The merger between the two companies should be finalized by the end of 2022. The finalization of the latter is subject to the agreement of the creditor banks of the company VERNEY-CARRON on a plan for the renegotiation of the latter’s bank debt. CYBERGUN will keep the market informed of any progress in this project.
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Find all the information on the title VERNEY-CARRON:
www.verney-carron.com/shareholders space
About CYBERGUN:
CYBERGUN is a world player in recreational shooting, qualified as an “Innovative Company” by Bpifrance. During its financial year ended December 31, 2021, the company achieved pro forma revenue of more than EUR 47 million. CYBERGUN securities (FR0013204351 – ALCYB) are eligible for FCPI, PEA and PEA-PME.
About VERNEY-CARRON:
Founded in 1820, VERNEY-CARRON is the largest and oldest manufacturer of French hunting weapons. Based in Saint-Étienne, capital of the French weapon, VERNEY-CARRON manufactures and distributes a wide range of shotguns and rifles under the registered trademark VERNEY-CARRON. It also manufactures and distributes FLASH-BALL defense ball launchers which equip many law enforcement agencies in France and abroad (40% of sales for export). Over the past few years, VERNEY-CARRON has developed and added to its security & defense brand LEBEL, a complete range of military weapons including an assault rifle (VCD 15), a sniper rifle (VCD 10) and a rifle machine gun in 9mm caliber (VCD 9), which will be released in 2022. VERNEY-CARRON shares are listed on Euronext Access (FR0006174496 – MLVER) and are eligible for the PEA-PME.
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[1]
CYBERGUN AND VERNEY-CARRON AGREE TO CREATE THE FIRST FRENCH PLAYER IN SMALL ARMS
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Full and original press release in PDF format:
https://www.actusnews.com/news/73486-cyb_cp_financing_verney-carron_vdef.pdf
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