“Approval of a corporate bonds issuance program and/or of one or more individual issues of nominative bonds, in dematerialized and non-convertible form, non-convertible, unsecured, with or without discount, which may or may not be linked to sustainability objectives, with a total value of up to EUR30,000,000 or the equivalent thereof in any other currency, denominated in Euro and/or lei and/or any other currency, with a fixed or variable interest rate, as the case may be, and with a maturity not exceeding ten (10) years (by reference to each issuance), and which shall be governed by any applicable law (the “Bonds”), the Board of Directors having full power to establish the terms and conditions of the issuance program and/or any issuance under the program and/or any individual issuance,” the report reads.
According to Simtel Team CEO, Mihai Tudor, the company envisages investments of over EUR100 million in the coming years, aiming to attract funds via a mix of financing.
Simtel Team ended 2024 with net profit of RON36.7 million, up 35% against 2023, and a turnover of RON354.3 million, up 19% year-over-year. Assets surged by 72% on the year to RON342.7 million.
The company is valued by investors at RON367.4 million and its largest shareholders are its founders, Iulian Nedea (an ownership stake of 21.33%), Sergiu Bazarciuc (21.11%) and Radu Vilau (21.1%). SMTL shares have traded 14.6% higher so far in 2025, amid deals worth RON6 million, as per stock market data.