Current reports

Information about crossing significant sharehoding thresholds

Bittnet Systems S.A. (the Issuer) has received notifications from shareholders about crossing the following significant ownership thresholds (as listed in art 69 of the Issuers Law 24 / 2017), by sales or purchase trades in the market:

Dl Razvan Capatina – sale- crossing below the 20% threshold

Emotion Concept SRL – purchase – crossing over the 5% threshold

CR15raportcurent-english.docx

Report factoring extention

Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs shareholders about the following operation regarding bank financing: signing the extention of the factoring contract with Unicredit Bank, regarding some of the Company’s customers. The guarantees for this product are the assignment of future receivables from customers. This financing product allows the Company to relieve pressure on it’s own cashflow while allowing for the payment terms required by customers.

CR12 raport curent english

Announcement about 3rd coupon payment – BNET19

BITTNET SYSTEMS S.A. announces that the 3rd coupon payment for the Company’s bond issue – dated 15th July 2016, symbol BNET19 – will be made on April 18th2017.  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: 13th April 2017 (Ex-date: 12th April 2017). The interest will be paid via bank transfer directly to the accounts of all participants inthe RoClear System, to the bondholders’ bank accounts whichwere confirmed by the bondholders in theSubscription Form, or to the bank accounts which were notifiedto 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.

CR2 raport curent – english

Receiving the CIVM from ASF

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority (ASF) of the Certificate of Registration of Securities number AC-4149-3 from 8th March 2017, certifying the registration of the share capital increase with a number of 1.000.974 new shares issued as a result of the General Shareholder Meeting decisions from April 28th 2016.

The Company continues the registration process with the Central Depository.

CR9-raport-curent-CIVM-privind-majorare-capital-english

CIVM-dupa-majorare-aporturi

“Cisco Certified Gold Partner” status extention

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extention of the Cisco Certified Gold Partner status. In order to extein this status, Bittnet 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 tehnical skills for delivering and maintaining complex IT solutions and response to customer service request tickets. The audit has also ckecked the customer satisfaction, business practices and the Company’s ability to integrate Hibrid IT, Cloude and Manage services solutions based on Cisco Technology.

CR6 current report Cisco Gold

Report regarding 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 2016. If during Stage 1 of the subscriptions, which took place between January 9th and February 8th, the Company has sold a total number of 993,207 shares for 0.78 RON each, in the 2nd Stage the Company has offered the remaining number of 7,767 unsubscribed shares. The remaining shares were offered by the Company in a private placement.
In this 2nd Stage, 9 investors have placed 9 subscription orders at a price per share of 0.80 RON. All the remaining shares from Stage 1 (a 0.78% of the total shared offered in the capital increase) were subscribed in the 2nd Stage. During both stages the Company attracted a total amount of RON 780,915.06 for 100% of the 1,000,974 shares offered.

BNET_CR4-current-report-capital-increase-ian-feb-2017—english

Report regarding recorded 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 2016. Stage 1 of the subscriptions took place between January 9th and February 8th. In this period the Company has offered via the Stock Exchange Mechanisms (the POFX market) a total number of 1,000,974  shares for 0.78 RON each.

During Stage 1, 93 investors have placed 95 subscription orders for a total of 993,207 shares, which represents a 99.22% subscription.

The Intermediary was Intercapital Invest, who has distributed the offer through all authorized intermediaries on the BVB – which is a first for capital increase operations in Romania.

During Stage 2, the Company will offer the remaining unsubscribed 7,767  shares to investors in a private placement.

CR3-current-report-subscription-results-stage-1-capital

Calendar of financial communication 2017

Bittnet Systems S.A. (hereinafter referred to as “the Company”) hereby informs the shareholders about adoption of financial communication’s calendar. The Company will publish periodical reports in 2017 in a following manner:

Event

Deadline

Preliminary annual financial results 2016

17th February, 2017

Annual General Shareholders Meeting (GSM)

26th April, 2017

Submission of Annual Report as at 31th of December 2016

28th April, 2017

Submission of Semi-Annual Report for the first half of 2017

25th August, 2017

These dates have been chosen to be evening of the last working day of the week so as to allow the maximum possible time for information to be absorbed by the interested parties. The date for the Shareholder’s Meeting has been chosen to be during a work day, so as to allow maximum participation for shareholders, in accordance with the Corporate Governance Principles of the BVB.

CRno2-2017-financial-calendar

Information about extending of a credit product

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extending of the credit ceiling – contract no. 15 from 17.02.2016 with Patria Bank S.A. The ceiling remains dimensioned at value of RON 2.000.000.

The guarantees for this contract extention remain:

  • Assignments of the accounts receivables from certain customers;
  • personal  guarantee  from  the  Administrator, Mihai Logofatu

The Credit ceiling has a maturity of 12 months with possible renewal and will be continue to be used for financing short term projects with non-cancellable purchase order from customers.

CR23-current-report-ref-prelungire-linie-credit-Patria-Bank-english

Current Report 22 / 2016 : ASF approval of Offer Prospectus

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about obtaining the ASF visa no. 224/8.12.2016 for the Offer Prospectus for the capital increase with new contributions in cash.
The number of new issued shares will be 1.000.974 each with a value of RON 0.78/ share, each issued by the Company in accordance with the Extraordinary Shareholder Meeting Resolutions from April 28th 2016. The total amount of the share capital increase will be RON 780.759,72, assuming that all shares are subscribed in Phase 1 of the capital increase.
The shareholders who held shares at the May 20, 2016 registration date will receive a number of preemptive rights equal with the number of shares held. For the subscription of a new share, in the capital increase operation, each shareholder must hold a number of 4.5 rights. The preemptive rights will be listed on the BVB market and will be traded under the symbol BNETR01, in a period of 10 working days from 16th to the 30th of December 2016.

Subsequent to the Preemptive Rights trading period, shareholders holding rights may subscribe shares between January 9th and February 8th 2017.
All the relevant information for the subscription in the capital increase can be found in the Offering Prospectus available for the shareholders on the Company website: https://goo.gl/X6TvBK and intermediated by SSIF Intercapital Invest SA.