Bursa de Valori Bucuresti : 1/29/2021 - The Romanian cybersecurity company Safetech Innovations listed at the Bucharest Stock Exchange on the Multilateral Trading System

• The shares of the Romanian cybersecurity company Safetech Innovations started trading on the AeRO market within BVB's Multilateral Trading System, under the tickerSAFE.
• Radu Hanga, BVB Chairman of the Board:
  • 'We are delighted with Safetech Innovations' entry on the Bucharest Stock Exchange stage, first of all because it is the first cyber security company, a very important and growing industry. Just as many entrepreneurs are beginning to understand the importance of cybersecurity, so they are beginning to understand how useful the capital market is for their business and to support their development, especially in this difficult time caused by the pandemic'.
• Victor Gansac, Safetech CEO:
  • 'Today's listing of SAFE shares on the AeRO market of the Bucharest Stock Exchange marks a new chapter for Safetech Innovations. We are thrilled that 140 individual and institutional investors participated in the private placement and we thank them for trusting the Safetech brand. We have ambitious plans for the future and we are confident that, following today's listing, we will be able to grow at an even faster pace, delivering the highest quality cybersecurity solutions to Romanian companies'.

The Romanian cybersecurity company Safetech Innovations (SAFE) debuted on the Bucharest Stock Exchange (BVB) on January 29^th, on the AeRO market within the Multilateral Trading System (SMT) of BVB.

The moment was marked by the official opening of the trading session at BVB headquarters by the co-founder and Sole Administrator of Safetech Innovations, Victor Gansac, together with TradeVille Deputy CEO, Ovidiu Dumitrescu, the Authorized Consultant who assisted the listing of the company and the intermediary of the private placement carried out before the listing, and Zuzanna Kurek, founder of Cornerstone Communications, Safetech Innovations' Authorized Consultant. The event took place at the BVB headquarters and took place in a restricted setting, in compliance with the regulations in force on the organization of events, in the context of the COVID-19 pandemic.

'We are delighted with Safetech Innovations' entry on the Bucharest Stock Exchange stage, first of all because it is a premiere, being the first cyber security company, a very important and growing industry. As many entrepreneurs have begun to understand the importance of cybersecurity, so they have begun to understand how useful the capital market is for their business and to support their development, especially in this difficult time of pandemic. The stock exchange has been, is and will be a viable financing channel for serious companies, with development plans, regardless of the social and economic context, and the 35 rounds of financing through bonds with a total value of over 2.1 billion euros, as well as the listings carried out in the last two years have proved this reality', said Radu Hanga, Bucharest Stock Exchange Chairman of the Board.

'Today's listing of SAFE shares on the AeRO market of the Bucharest Stock Exchange marks a new chapter for Safetech Innovations. We are thrilled that 140 individual and institutional investors participated in the private placement and we thank them for trusting the Safetech brand. Both Paul (Safetech Innovations cofounder and CFO - n.r.) and I are especially honored that many Safetech employees participated in the offering, and SAFE shares were the first to enter their portfolio. The Bucharest Stock Exchange remains at the center of our strategy for the coming years. We have ambitious plans for the future, and we are confident that, following today's listing, we will be able to grow at an even accelerated pace, delivering the highest quality cybersecurity solutions to Romanian companies ', said Victor Gansac, Safetech Innovations cofounder and Sole Administrator.

Safetech Innovations' listing follows a private placement of shares, carried out in October 2020, through which the cybersecurity company attracted RON 2.5mn from investors on the capital market. A total of 625,000 shares were put up for sale to investors, at a price of RON 4/ share, and the subscription orders placed by investors accumulated RON 21.4mn, which indicates an oversubscription of over eight times the value of the offering.

'As of today, anyone has the chance to invest, on BVB, in the shares of a top Romanian company in a highly titrated field: IT security. We are talking about an authorized NATO provider, that has not only an innovative Research and Development Department, but also its own emergency response team. We therefore have the great chance to see how the Stock Exchange becomes an important element for the development of a national champion in an elite field. We hope that investors will be next to TradeVille and the Romanian capital market in the next offerings and placements, through which we will continue to support the development of companies representing a reason for pride and also a way of prosperity for the Romanian economy', stated Ovidiu Dumitrescu, CFA, TradeVille Deputy CEO.

Along with TradeVille, Cornerstone Communications assisted Safetech Innovations in the listing process and acts as the company's Authorized Consultant after the listing.

'When we first met Safetech Innovation team 2.5 years ago, we were convinced they had all the ingredients necessary for a successful issuer: unparalleled expertise, dedicated and passionate team as well as proven track record. Throughout our collaboration, Safetech has remarked itself with unrivalled professionalism, transparency, and precision, thus proving very early on that the stock market is the right place for them. We are convinced that Safetech Innovations will bring a lot of satisfaction and joy to Bucharest Stock Exchange investors and, together with Cornerstone team, we are thrilled to be there with them on their capital market journey', said Zuzanna Kurek, Partner Cornerstone Communications.

Following the private placement, the market capitalization of Safetech Innovations reached RON 12.5mn, and the funds attracted in the private placement are directed to investments. By listing on the stock exchange and accessing capital, the company identifies an opportunity in the development of innovative services and solutions and products in the field of cybersecurity, but also in increasing technical capacity by developing the security testing laboratory. Investments in these new projects will be able to generate significant revenues, being based on patented technology.

Safetech Innovations was founded in 2011 and is the only company dedicated exclusively to information security in the Romanian market, which offers both services in the field of security and for the implementation of cybersecurity solutions. Safetech Innovations provides 24/7 cybersecurity monitoring and response, security audits, penetration testing, security risk management, and security governance services. The company owns and operates STI CERT - Safetech Innovations Computer Emergency Response Team, one of the first private CSIRTs established in Romania, internationally accredited, which provides companies in the private and public sectors continuous monitoring of cyber threats and intervention in case of incidents security. STI CERT offers a 24/7 monitoring, alerting, incident management and investigation system and covers all types of cyber security incidents through centralized methods, provided by a team of experts and ethical hackers.

Safetech Innovations is the only company in Romania accredited as a partner in the NATO Industry Cyber ??Partnership (NICP). The company has a vast portfolio of clients, collaborating with over 10 key institutions in the domestic financial-banking sector, with multinational companies, as well as local companies in the energy, FMCG, telecommunications, IT&C and transport sectors.

In 2019, Safetech Innovations recorded a turnover of RON 10.5mn, with an increase of 56.4% compared to the result of 2018 and a net profit of RON 1.25mn, with an increase of 26.3% compared to 2018. In 2019, the company had a net profit margin of 11.8%. In the first half of 2020, Safetech Innovations recorded a turnover of RON 5.3mn (+ 60.7% compared to H1 2019) and a net profit of RON 450,246 (+ 61.5% compared to H1 2019). For the entire year 2020, the management estimates revenues of RON 15.6mn and a net profit of RON 2mn. The company currently has 43 employees.

Safetech Innovations has a share capital of RON 625,000, divided into 3,125,000 shares with a nominal value of RON 0.2/ share. Victor Gansac, co-founder and Sole Administrator, and Paul Rusu, co-founder and CFO, each hold a package of 40% of Safetech Innovations shares, and the difference of 20% is in the portfolios of investors who have subscribed in the private placement.

More information about Safetech Innovations is available in the Memorandum prepared for admission to trading and published on the BVB website, at this LINK.

About TradeVille
TradeVille is a brokerage company with over 25 years of experience on the Romanian capital market and offers retail clients easy and fast access to the Bucharest Stock Exchange and major international stock exchanges. In 2020, TradeVille carried out over 50% of corporate equity and bond placements with a 100% success rate for companies in various industries. As well in 2020, TradeVille received from the Bucharest Stock Exchange the most trophies at the stock market performance award ceremony: Broker of the Year on the retail segment, Award for Innovation in the brokerage industry and, respectively, Most active intermediary on the primary market of the AeRO market.

From left to right: Ovidiu Dumitrescu (Deputy CEO, TradeVille), Zuzanna Kurek (Partner, Cornerstone Communications), Victor Gansac (CEO, Safetech Innovations), Paul Rusu (CFO, Safetech Innovations).