Registration of the capital increase at Trade Register

Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from the Trade Register the Certificate of Registration no. 761455 / 08.12.2017, which attests the registration in the Trade Register of the capital increase with new shares according with the Sole Administrator Confirmation and Resolution no. 2 of the EGSM from 26.04.2017. Attached to this current report, the Sole Administrator Confirmation and the Certificate of Registration from Trade Register. The Company continues the registration process, next steps being the registration with ASF and Central Depository.

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Report regarding Subscriptions in the capital increase operation

Bittnet Systems S.A. (“the Company”) informs shareholders about the results of the subscription process in the capital increase operation approved by the Extraordinary Shareholders Meeting of April 26th 2017.
During Stage 1 of the subscriptions – between October 23rd and November 22nd – the Company has sold 925,284 shares (65.34%) for RON 0.57 each. In 2nd Stage, the 490,728 unsubscribed shares in Stage 1 (34.66%) were subscribed in a private placement. The shares were subscribed, in 2nd Stage, at a price of RON 0.60 per share by 20 individual investors. The Intermediary was SSIF Goldring SA. After 2nd Stage, all shares offered in the capital increase were subscribed.
During both stages, the Company attracted a total amount of RON 821.848,68 in the capital increase operation.
The Company continues the registration process with Trade Register Office, ASF and the Central Depository.

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Announcement about 1st Coupon payment – BNET22

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 1st coupon payment for the Company’s bond issue – dated 08th September 2017, symbol BNET22, will be made on December 15th 2017. 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 December 2017 (Ex-date: 7th December 2017). 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 BondsATS Market, administered by the Bucharest Stock Exchange, starting with 28th November 2017 – under the BNET22 ticker.

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Report regarding Subscriptions in Stage 1 of the capital increase

Bittnet Systems S.A. (“the Company”) informs shareholders about the results of the subscription process in the capital increase operation approved by the Extraordinary Shareholders Meeting of April 26th 2017.
Stage 1 of the subscriptions took place between October 23rd and November 22nd. In this period, the Company has offered a total number of 1,416,012 new shares for a price of RON 0.57 each.
During the subscription period, more than 90 investors have exercised their preference. They subscribed a total number of 925,284 shares, which represents a 65.34% of the total offer. The total amount of money rise by the Company in Stage 1 is RON527,411.88.
The Intermediary was S.S.I.F. Goldring S.A., who has distributed the offer through all authorized intermediaries authorized by the Bucharest Stock Exchange.
During Stage 2, the Company will offer the remaining unsubscribed 490.728 shares to investors in a private placement. Stage 2 will start Monday, 27th November 2017.

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Closing of the Patria Bank overdraft credit line

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs shareholders about closing the overdraft credit line in amount of RON 1,000,000 with Patria Bank. The overdraft credit line had a maturity of 1 year (until 16.02.2018) with possibility of renewal and was use for financing current activity. With this operation, the Company releases the guarantees for this banking product.

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Listing of BNET22 bonds

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Bucharest Stock Exchange the decision of admission to trading of the BNET22 bonds. The issue consists of 45,000 bonds with a face value of RON 100, a maturity of 5 years (until September 2022) and an annual coupon of 9%, payable quarterly. First day of trading will be Tuesday, November 28th, and the ticker will be BNET22.

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Loan agreement for Gecad Net SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the signing of a loan agreement with Gecad Net SRL. The credit is in amount of EUR 90,000 with an interest rate of 4% per year and a 12 months maturity. Gecad Net SRL will use the loan for financing current activity, the working capital and the common projects of the two companies for the end of 2017 fiscal year. Bittnet Systems S.A. is the Sole Associate of Gecad Net SRL.

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Microsoft Gold Certified Partner status extention – Gecad Net SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extention of the Microsoft Gold Certified Partner status of Gecad Net SRL. In order to extein this status, Gecad has undergone the audit process that has verified the skills of the entire team. The audit checked the existence of company-wide standardized processes and procedures for treating customers and projects in a unitary fashion, ensuring a high success probability, sales, project management, and technical skills for delivering and maintaining complex IT solutions and response to customer service request. The audit has also checked the customer satisfaction, business practices and Gecad ability to integrate technologies such as Windows and Devices, Data Analytics, Collaboration and Content, Midmarket Solution Provider, Datacenter, Cloud Productivity, Small and Midmarket Cloud Solutions, Software Asset Management services solutions based on Microsoft Technology. Gecad is one of few Microsoft partners in Romania that could provide all technical skills for Microsoft Azure technology at the highest certified level. Bittnet Systems is the Sole Associate of Gecad Net SRL.

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ASF Certificate of Registration of Securities, BNET22 bonds

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority the Certificate of Registration of Securities number OB-4550-1 from October 31st 2017, certifying the registration of the corporate bonds issued in 8th September 2017, according with the EGSM Resolution from 26th April 2017 and the Sole Administrator Decision. The Company continues the registration process, the next step being the registration with the Central Depository and the Bucharest Stock Exchange.

CIVM obligatiuni BNET22