Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders regarding the bonds issue through private placement which took place between June 26th – July 4th , 2018. Thus, according to EGSM Decision no. 10 of 25 April 2018, the Decision of the Unique Administrator and the Offer Document based on which the private placement was made, the object was the sale of 47,000 nominative, dematerialized, corporate, unconvertible, unsecured bonds, with a nominal value of 100 lei / bond.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the successful undertaking of a sales offer via private placement of corporate bonds between 26th June – 4th July. The operation was completed before the end of the subscription period (13th July) because of the oversubscription. Due to this private offer, the Company raised the amount of RON 4.7 million and sold the maximum number of bonds (47,000) according to Sole Administrator’s decision and the Private placement offer document. The bonds have a face value of RON 100, a maturity of 5 years and a yearly coupon of 9%, payable quarterly. There were 32 subscriptions by natural persons, 1 legal entity and 3 investment funds.
The money will be used to finance the two investment projects approved by the General Shareholders Meeting: Elian Solutions SRL and Equatorial Gaming SA, as well as the working capital, according to EGSM resolutions of 25 April 2018.
In accordance with the resolution of the Extraordinary Shareholders Meeting, and after closing the investment projects, the Company will begin the process of listing the bonds issue on the ATS-Bonds market operated by the Bucharest Stock Exchange.
In order to keep all stakeholders informed about Bittnet’s past performance, current activities as well as future plans, we have decided to develop Bittnet’s Investor Presentation. We hope that this material, which will be updated by us on a quarterly basis, will help you in gaining further understanding of our business.
In case of any questions related to our activity on the Bucharest Stock Exchange or information presented in our IR presentation, please do not hesitate to contact us at: firstname.lastname@example.org.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the modification of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:
• repayment at maturity of the credit line from Banca Transilvania, in amount of RON 1.5 million;
Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the improvement of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:
• signing of a revolving overdraft contract with ProCredit Bank in amount of RON 1,800,000 with an interest rate of ROBOR3M+2.5% per year and a 36 months maturity; The guarantees for the credit line are:
• 8.33% collateral cash deposit;
• parental guarantee from Bittnet Systems SA;
• guarantee under the “SME Initiative” program funded by the European Union through ERDF and “Horizon 2020” and by the European Investment Fund and European Investment Bank.
The loan will be used for financing current activity and working capital of Dendrio Solutions SRL. Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.
Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from the Trade Register the Certificate of Registration no. 187597 / 07.05.2018, which attests the registration of the capital increase according with the Sole Administrator Confirmation and Resolution no. 4 of the EGSM from 25.04.2018. Thereby the share capital of the Company increased from RON 3,044,425.80 at RON 4,871,081.20. Attached to this current report the Certificate of Registration and the Resolutions from Trade Register.
The Company continues the registration process, next steps being the registration with Financial Supervisory Authority and Central Depository.
BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 3rd coupon payment for the Company’s bond issue – dated 8th September 2017, symbol BNET22 – will be made on June 15th2018. The payment will be made through the Central Depository and Banca Transilvania – as The Paying Agent – to the bond holders registered in the Bond Holders Registry at the reference Date: 8th June 2018. The interest will be paid via bank transfer directly to the accounts of all participants in the RoClear System, to the bondholders’ bank accounts which were confirmed by the bondholders in the Subscription Form, or to the bank accounts which were notified to the Payment Agent by the bondholders. The interest rate is 9% per year and the interest amount is a gross of RON 2.2500 / bond. The Company’s corporate bonds are tradeable on the Bonds-ATS Market, administered by the Bucharest Stock Exchange, starting with 28thNovember 2017 – under the BNET22 ticker.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about signing of a significant contract as follows:
- Client: electronic household manufacturing producer
- Client investment objective: development of new production capacity in Dambovita county (greenfield investment)
- Contract objective: delivery of IT equipment, technological solutions and wi-fi installation services
- Contract value: USD 450,000
- Delivery time: 1st semester 2018
- Payment deadline: 30 days after delivery.
Bittnet Systems S.A. informs the investors about the Resolutions of the Ordinary and Extraordinary Shareholders Meetings from 25th of April 2018 at the link below: