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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.

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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.

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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.

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2016 Full Fiscal Year Preliminary Results

Please find the management report presentation of the results, including the Letter from the CEO. Also attached are the financial results: Balance Sheet and Income Statement for the full fiscal year 2016. The results are not audited yet.

 

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.

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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.

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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.

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2015 Preliminary results Conference Call Recording

Please see attached the recording and the support presentation of the conference call presenting the preliminary results for FY 2015, held on February 23rd at the BVB.

160223 – BITTNET BVB preliminary results presentation

and the conference audio recording:

 

Current Report 14 – Changes in the calendar of financial communciation

Bittnet Systems S.A. (hereinafter referred to as “the Company”) hereby informs about the new version of the calendar of financial communication for 2016.

160304-CR6-changes in the financial calendar

 

Current Report 13 – Cisco Gold Certification.

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the achievement of the “Cisco Certified Gold Partner”.

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