The percentage interest rate that applies to the term deposit is 6.7% per annum and the maturity date is June 21, 2023.
“We specify the fact that, on 31.03.2023, SNN has constituted deposits with CEC BANK SA, in the cumulated value of 793.450.000 lei (Appendix no. 1), the amount exceeding 5% of the value of SNN’s net assets, as well as 10 % of the net turnover related to the last annual financial statement, reason for which, in accordance with the provisions of art. 108 of Law 24/2017 with subsequent amendments and completions and with the provisions of art. 234 letter i) of the ASF Regulation no. 5/2018, SNN has the obligation to report including the cumulative value of these transactions,” the report reads.
SNN shares have gained 6% in 2023 amid deals worth RON104 million, as per stock market data.