Since December 15, 2021, ABN Systems International has been conducting an Initial Primary Public Offering for the Sale of Shares on the Bucharest Stock Exchange, brokered by TradeVille.
It is a triple historical premiere for Romania: the first Offer of this type of a technology company, the first on the AeRO market of the Bucharest Stock Exchange and the first in which all investors can choose from the beginning, in auction, the price at which they want to subscribe (under the conditions mentioned below and in the Prospectus).
Essential information about the Offer:
Offer Type: Initial Primary Public Offering for Sale of Shares
Offer Intermediary: TradeVille, the largest retail broker in Romania, with 27 years of experience on our capital market.
Offer Period: (extended according to the Prospectus Supplement published on December 28, 2021): December 15, 2021 – January 4, 2022.
Subscription schedule: 10:00 – 18:00 (except for the last day of the Offer Period, January 4, 2022, when subscriptions will be processed between 10:00 – 12:00). Any subscription instruction received outside the time interval will be processed on the first working day of the Offer period, subsequent to the day of receipt of the instruction, at the time of the opening of the Bucharest Stock Exchange Offer market.
The price at which you can subscribe to the Offer: in the Offer Price Range (5.18 – 5.69 lei per share), including at its ends. The price step for subscribing the offered shares is 0.17 lei, being able to subscribe to the following price levels: 5.18 – 5.35 – 5.52 – 5.69 lei per share.
The destination of the funds attracted in the Offer: to support the needs for the increase of the turnover, considering the business context and the anticipated potential for the expansion of the foreign markets. In addition to the intention to use the resources attracted in order to obtain additional working capital or to pay amounts due, ABN Systems International considers potential investments / acquisitions of brands or companies that show synergy with the current business model.
Following the successful conclusion of the Offer, ABN Systems International will take the necessary steps to admit to trading its shares on the Multilateral Trading System (SMT, AeRO market) operated by the Bucharest Stock Exchange, under the symbol of the ABN stock exchange.
Founded in 2002, ABN Systems International is one of the leaders in the IT&C product and accessories distribution market in Romania. The company owns Tellur, the only 100% Romanian brand of Smart Home products and IT&C accessories.
ABN Systems International aims to become the # 1 provider of professional IT&C solutions and services in Romania, along with an accelerated expansion in foreign markets, where it is already present in over 25 countries on 4 continents.
In addition to its own Tellur brand (created in 2015 and whose sales are on the rise, both domestically and in foreign markets), ABN Systems International has long-term partnerships with world-renowned brands, including Poly (ex-Plantronics & Polycom), Panasonic, EPOS (ex-Sennheiser) and Logitech.
In the first half of 2021, ABN Systems International recorded total revenues of 50.1 million lei (10.22 million euros), up 35% compared to the same period in 2020. The main growth engine was sales on the international markets, on 4 continents, including the Tellur brand, which came to represent over 52% of the total turnover in the first 6 months of this year, growing strongly compared to the end of last year, when the share of export sales was just over a third.
Also in the first half of 2021, the net profit of ABN Systems International stood at 2.44 million lei (480,000 euros), being over 8 times higher than the one registered in the similar period of the previous year. Also, sales on foreign markets increased by 114% compared to the same period last year, exceeding 26 million lei (5 million euros).