On October 19th, 2020 Safetech Innovations started private placement with a goal to raise 2.5 million lei from the Bucharest Stock Exchange investors. The offer was oversubscribed within 37 seconds and by the end of the day, the placement managed to attract a record oversubscription of 8.57 times. Safetech Innovations shares started trading on the AeRO market of the Bucharest Stock Exchange on January 29th, 2021.
Between December 2021 and January 2022, Safetech Innovations carried out a share capital increase operation during which the company raised additional 10.6 million lei for international expansion, in the UK and the USA.
On February 6th, 2023, the Safetech Innovations shares debuted on the Main Market of the Bucharest Stock Exchange under symbol SAFE.
Following two share capital increase operations in 2021 and 2022, the company's share capital split increased from 3,125,000 shares to 66,500,000 shares, each with a nominal value of 0.2 lei per share. The free-float of Safetech Innovations is 26.4973%, while Victor Gânsac, CEO, holds a 36.7626% stake in the company and Paul Rusu, CFO, holds a 36.7402% stake in the company.
For more detailed information regarding Safetech Innovations’ shareholding structure following the listing, we invite you to follow our profile on the website of the Bucharest Stock Exchange, available HERE.
