AROBS for Investors

AROBS Transilvania Software provides software services and solutions in various industries, having approximately 70 partners of the Software Services business line located in Europe and America and more than 11,000 clients of the Software Products business lines from Europe and Asia. AROBS is present in 11 locations in Romania and nine abroad, and over 1,200 AROBS specialists and collaborators build solutions for the future in embedded – Automotive, Aerospace, Maritime, and Medical – as well as Travel Technology, IoT, Clinical Trials, Fintech, Enterprise Solutions, Cybersecurity, and Intelligent Automation. With a track record of 23 years on Romanian and international markets, in 2021, the company decided to list on the Bucharest Stock Exchange. The decision to float AROBS shares on the AeRO market and the conduct of corporate operations through the capital market with the support of investors is a new vehicle of the business growth for the coming years.

Prior to listing on the Bucharest Stock Exchange, AROBS made the largest private placement in the history of the AeRO market by attracting the amount of 74.2 million lei from investors. During the private placement, which started on October 15, a total of 54,697,494 shares, respectively 12% of the company’s current share capital, were sold at 1,357 lei per share. 149 retail investors, 38 professional and 9 institutional investors participated in the private placement. The offer closed in advance on the first day, amid a subscription of 2.82 times, investors placing orders totaling 209.7 million lei. Therefore, the share allocation rate was 35.4%.

AROBS Transilvania Software S.A. acquired 401,000 shares from Oprean Voicu, as 10% of the Company’s share capital at that date. After the private placement, the value of the shares grew from 40,100,000 lei to 45,569,749.4 lei. Therefore AROBS Transilvania Software S.A. holds 40,101,379 shares, representing 8,8%. These will be used in the Employee stock option plan, implemented within AROBS and its affiliates.

The shares of AROBS Transilvania Software debuted on the AeRO market of the Bucharest Stock Exchange on December 6, 2021, under the symbol #AROBS, and starting with September 25, 2023, the shares are tradeable on the Main Market of the Bucharest Stock Exchange, Premium Category.

As of August 31, 2023, the Company’s shares were included in the MSCI Frontier Markets Small Cap index (reflects the representation of the shares of small capitalization companies from 28 countries classified as Frontier Markets by the MSCI) and in the MSCI Romania Small Cap index (measures the performance of the segment of shares of companies with small capitalization on the Romanian market). The announcement published by Morgan Stanley Capital International on August 10, 2023, is available HERE.

As of July 10, 2024, AROBS announced the successful completion of its capital increase operation on July 10, 2024, through which it raised 28.7 million euros. The process consisted of two stages – the first, in which existing shareholders subscribed on the basis of preference rights, and the second, in which new local and international institutional investors subscribed in a private placement. The final price per share for both stages was set at 0.82 lei. For more details, read the press release HERE.

Due to significant interest from institutional investors in the private placement, the offer was supplemented with existing shares. Thus, during the offering, 174,258,721 new shares were sold, together with 56,546,000 existing shares offered for sale by the majority shareholder, Voicu Oprean, directly and through Cabrio Investments. This supplementation of the offering with existing shares was also made to increase the company’s free float.

The AROBS capital increase attracted 8 local and international institutional investors, who subscribed to more than 96% of the shares offered in the transaction. Thus, the operation that is being finalized today is the largest capital increase for a public company in the IT sector and the first capital increase of a company in this industry where a significant majority of the capital was subscribed by institutional investors. Following this transaction, Voicu Oprean directly holds 50.6329% of the company’s share capital.

For more detailed information on our evolution in the capital market, we invite you to follow our profile on the Bucharest Stock Exchange website.