Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs the shareholders about the upcoming closed period. Between July 26th, 2017 and August 25th, 2017, the shareholders who have the status of “insider” or the shareholders holding privileged information, within the meaning of CNVM Regulation no. 1/2006, Law 24/2017, and of Regulation (EU) no. 522/2016 and Regulation (EU) No. 596/2014, shall not conduct any transactions on their own account or for the account of a third party, directly or indirectly, relating to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked to them during a closed period of 30 calendar days before the announcement of an interim financial report. The closed period is due to the fact that on August 25th 2017, the Company will publish the Semiannual Report for 1st Half of the financial year 2017 accompanied by the half-year financial results.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about extending of the credit line regarding contract no. 132/15.06.2015 with Patria Bank S.A. with a value of RON 1.000.000. The guarantees for this contract extention remain:
- Assignments of the accounts receivables from certain customers;
- mortgage of a number of 1.351.315 shares from Logofatu Critian Ion, CFO of the Company;
- mortgage of a number of 1.351.315 shares from Logofatu Mihai Alexandru Constantin, the Administrator of the Company.
The Credit line has the maturity 16th of February 2018 with possible renewal and will be continue to be used for financing current activity.
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.
- Preliminary Results Presentation Report – ENGLISH
- Bittnet Financial Results 2016 – preliminary – nonaudited
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:
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.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the publication of the Semi Annual Report for the period January 01 – June 30th 2016.
Attached are the Report and Annexes (Financial Results, etc)
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, according to the Resolution no. 9 of the Extraordinary Shareholders Meeting of April 28th 2016.
The intermediary for the private placement is BRK Financial Group. The bonds have a face value of RON 1000, a maturity of 3 years and a yearly coupon of 9%, payable quarterly.
A total of 4186 bonds have been subscribed, which brings the total of money raised in the operation to RON 4.186.000. There were 36 subscriptions by natural persons and 4 by companies.
The money will be used by the company for the financing of current activities, with a potential of replacing bank financing, and to finance the accelerated growth plans of the Company.
In accordance to the resolution of the Extraordinary Shareholders Meeting, the Company will begin the process of listing the bonds issue on the ATS market operated by the Bucharest Stock Exchange.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the availability of the Preliminary Results for fiscal year 2015 – attached to this Current Report and published on the internet at
On Tuesday, February 23 2016 at 10.30 A.M., the Company will host an information meeting at Bucharest Stock Exchange, 14th Floor, Aquarium Room. The videocast will be later available via https://investors.bittnet.ro/
The meeting will be held in Romanian and English and questions can asked via email@example.com
Presentation material for the meeting will be available approx. one hour before the meeting at https://investors.bittnet.ro/ and during the event.
Contact details: firstname.lastname@example.org , 0722.217.264