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Victor Gânsac and Paul Rusu, the two founders of the cyber security solution developer Safetech Innovations (SAFE) sold, on September 6, 10.3% of the company, according to reports from the Bucharest Stock Exchange (BVB) on Friday.
The sales were made in the offer market (POF), through 67 transactions, at a unit price of 2.5 lei, 13.79% below the reference in the regular market. Buyers have not yet been announced.
As it appears from the BVB reports, Victor Gânsac sold 3.4 million SAFE shares, reaching a 31.6% stake in the company, compared to the 36.8% he had at the previous report. Paul Rusu also sold 3.4 million shares, reaching a roughly 31.6% stake in Safetech, up from 36.7% before. The reports were made according to the legal provisions, since each of the founders fell below the 33% ownership threshold.
Also on September 6, Alexandru Mihailiciuc, a member of Safetech's Board of Directors, sold 105,437 shares of the developer of cyber security solutions, at the price of 2.5 lei, while Mircea Varga, also a member of the board , sold 94,289 SAFE titles, also at the price of 2.5 lei per unit.
In the first six months of the year, Safetech Innovations had a turnover of 13.5 million lei, up 26% compared to the same period last year, and a net profit of 3.9 million lei, with 49 % compared to that of the first six months of 2022.
The stock market valuation of the company amounts to approximately 180 million lei.
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