Signing of a significant contract

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.

CR08 current report

Annual report 2017

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs investors about the availability of the Annual Report for FY 2017 approved by the OGSM from 25th of April 2018. The report is available at the link below:

Annual Report Bittnet 2017 – english

OGSM & EGSM resolutions 25th April 2018

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:

Current report – Results of shareholder meeting – EN .docx

Investors Day at Bittnet

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs investors and the press about the organization of the “Investors Day” at the Company’s headquarters.

The event will take place on 19th April 2018, starting with 09:00 AM at the company’s office in Bucharest, Bd. Timisoara no. 26, Plaza Romania Offices Building, 1st floor, District 6.The event is open to all shareholders, individual and institutional investors, analysts, and the media. Participants will be able to interact directly with the Company and its management.

During the event, the Bittnet team will present the results of the fiscal year 2017 and the strategy for 2018. In addition, the new GECAD NET brand identity will be revealed and the founders of the two companies intending to join the Bittnet family in 2018 will be present: Elian Solutions and Equatorial. The detailed agenda for the event can be found below.

Investors Day Bittnet Agenda

For further information and confirmation at the event, please contact us at: 0731.700.226 or by online registration at the following link:

Online registration Investors Day

Announcement about 7th coupon payment – BNET19

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 7th coupon payment for the Company’s bond issue – dated 15th July 2016, symbol BNET19 – will be made on April 16th 2018.  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: 12th April 2018 (Ex-date: 11th April 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 22.50 / bond. The Company’s corporate bonds are tradeable on the Bonds-ATS Market, administered by the Bucharest Stock Exchange, starting with 27th September 2016 – under the BNET19 ticker.

Update to GSM Convening Notice

According to the technical specifications received from the Central Depository, the Company announces the shareholders about the following updates of the Convening Notice for the Ordinary and Extraordinary General Meeting of Shareholders at the following link:

Erratum no.1 to GSM Convening Notice Bittnet 2018 – english

General Shareholder Meeting Notice – April 25th 2018

Bittnet Systems SA (“The Company”) informs shareholders about the convening of the Ordinary and Extraordinary Shareholder Meetings for the 25th of April 2018 (first summon, or  26th of April 2018 for the second summon), at the COmpany’s offices in  Bd Timisoara nr 26, Cladirea “Plaza Offices” , etaj 1, Sector 6, Bucuresti.

More details can be found HERE.

Announcement about income taxation for bond coupons

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”/ “the Issuer”) informs that the bondholders (trading ticker: BNET19 and BNET22) about the amendment of the Fiscal Code through OUG no. 79 of November 8th, 2017, regarding the determination, withholding and transfer to the State budget of the income tax (including tax income from coupons resulting from corporate bonds). Thus, starting with January 1st, 2018, the taxation is as follows:

• For resident individual investors: 10% at source;

• For non-resident individual investors who didn’t send the tax residence certificate of a state with which Romania has signed the double taxation convention/treaty: 16% at source;

• For non-resident individual investors who have send the fiscal residence certificate, the tax will be determined, withheld and transferred in accordance with the double taxation convention signed by Romania with the bondholder’s state of fiscal affiliation;

• For resident and non-resident legal entities: the obligation to declare and pay the income tax is at the bondholder. For each coupon payment, the Company files a request with the Central Depository and receives a registry of bondholders at the reference date. This registry does not contain information about the bondhoder’s fiscal residence. The Issuer approximates the fiscal residence for each bondholder using the information provided in the ‘country of domicile’ and ‘CNP’ fields.

As such, all natural persons that have a declared domicile in Romania and have a valid CNP code are assumed to be residents of Romania. All natural persons without valid CNP or with any other country than Romania mentioned in the ‘domicile’ address are assumed to be non- residents and subject to 16% withholding tax. According with above mentions resolutions, the Company aska non-resident bondholders to send us their tax residence certificates, issued by the competent authorities of the state of residence before March 14th, 2018. This certificate can be sent to the following e-mail address: investors@bittnetsystems.ro. Otherwise, the Company will apply the 16% withholding tax to the gross value for the quarterly coupon of the BNET19 and BNET22 bonds, according to art. 224 of Law 227/2015 regarding the New Fiscal Code, as amended by OUG 79/2017: https://static.anaf.ro/static/10/Anaf/legislatie/Cod_fiscal_norme_2018.htm#T4o

Raport curent english BNET19 si BNET22

Announcement about 2nd coupon payment – BNET22

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 2nd coupon payment for the Company’s bond issue – dated 8th September 2017, symbol BNET22 – will be made on March 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 March 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 28th November 2017 – under the BNET22 ticker.

Curent english BNET22 – 2nd coupon payment