Safetech Innovations cyber security company transferred to the main market of the Bucharest Stock Exchange

Safetech Innovations (SAFE), Romanian cyber security company, present on the capital market since 2021, debuted February 6 on the Bucharest Stock Exchange’s Regulated Market under the stock symbol SAFE, following the transfer from the AeRO market.

Safetech Innovations had, at the time of the transfer, a capitalization of 216 million RON. The company specializes exclusively in providing cyber security services and solutions to local and international companies. Also, Safetech is present in three countries, through the offices opened in Bucharest, London and Abu Dhabi, and this year it aims to open an office in the United States of America as well.

“In 2020, when we announced our intention to list on the AeRO market of the Bucharest Stock Exchange, we stated that the capital market is an important pillar for us and that its mechanisms will support us in accelerating our development plans. We are thrilled that two years later, we have reached the objectives communicated to investors and shareholders – increasing financial performance, expanding abroad by opening offices in London and Abu Dhabi and soon in the US, and moving to the Main Market. We thank our shareholders, investors and partners for their trust and support in achieving these goals. With this transfer, Safetech Innovations enters a new stage as a trustworthy company ready to seize opportunities in the cybersecurity industry at the global level,” stated Victor Gansac, Chairman of the Board of Directors and CEO of Safetech Innovations.

The transfer of Safetech Innovations shares on the Regulated Market was carried out with the support of Alpha Bank Romania, as an intermediary, Cornerstone Communications, as a consultant on the capital market and Baker Tilly Klitou and Partners, as an auditor.

Safetech Innovations is owned by Victor Gansac – Chairman of the Board of Directors and CEO of the company, in a balance of 36.76 percent, and by Paul Rusu, Financial Director, who owns 36.74 percent of the shareholding. In a percentage of 26.49 percent, the share capital is owned by other investors from the Bucharest Stock Exchange.

Safetech Innovations is the third company listed on the Bucharest Stock Exchange to move from the AeRO market to the Regulated Market, after Chimcomplex Borzesti (CRC) in January 2022 and Bittnet Systems (BNET) in June 2020.