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Clarification transaction of insiders

In order to ensure that the shareholders are properly informed, the Company warns shareholders about a wrong information published today in the press. 5th of October 2017, Ziarul Financiar published, both in print version and online, the article: ”Cristian Logofatu, shareholder and founder at Bittnet, sells shares for RON 22,400”. The article showing that Mr. Logofatu Cristian – CFO Bittnet – has sold a package of 120,000 Bittnet shares is incorrect. The notifications published on the Bucharest Stock Exchange’s news feed reveal the right information: Mr. Logofatu Cristian sold 120,000 preference rights (ticker: BNETR02) but bought 19,200 shares (ticker: BNET). The correct information can be found bellow: http://www.bvb.ro/info/Raportari/BNET/BNET_20171004094618_Raportare-initiatBNET.pdf http://www.bvb.ro/info/Raportari/BNETR02/BNETR02_20171004095901_RaportareBNETR02.pdf

Receving CIVM from ASF

Bittnet Systems S.A. (the Issuer) informs the shareholders about receiving from the Financial Supervision Authority (ASF) of the Certificate of Registration of Securities number AC-4149-4 from 3rd July 2017, certifying the registration of the share capital increase with a number of 14.514.123 bonus shares issued as a result of the General Shareholder Meeting decisions from April  26th 2017. The Company continues the registration process with the Central Depository. The free shares will be distributed to the shareholders of record on the date of June 30 th .

BNET_20170704142851_CR18-raport-curent-CIVM-from-ASF—english

General Shareholder Meeting Convene Notice

The Administrator of BITTNET SYSTEMS S.A., a Romanian legal entity, with headquarters  in  Bucharest, Str. Şoimuş no. 23, Bl. 2, Sc. B, Ap. 24, 040704 – Sector 4, with office and mailing address in Bucharest, Bd. Iuliu Maniu no. 7, et. 1, 061072 – Sector 6, registered in Trade Register Office under number: J40/3752/22.02.2007, Sole Registration Code: RO21181848,

CONVOKES:

  • The Ordinary General Meeting of Shareholders of BITTNET SYSTEMS on 26th of April 2017, 11.00 o’clock (Romanian time) at the Company’s offices: Bucharest, Bd. Iuliu Maniu no. 7, et. 1, sector 6,  and
  • The Extraordinary General Meeting of Shareholders of BITTNET SYSTEMS on 26th of April 2017, 12.00 o’clock (Romanian time) at the Company offices: Bucharest, Bd. Iuliu Maniu no. 7, et. 1, sector 6,

for all persons registered as shareholders of the Company on the 17th of April 2017 (the Reference Date) in the Register of Shareholders kept by Central Depository S.A. (Depozitarul Central). Only those persons that have the quality of shareholder at the end of the Reference Date have the right to participate and vote at the OGM and EGM.

Please see details on the dedicated shareholder meeting page:
https://investors.bittnet.ro/general-stakeholder-meetings/general-shareholder-meeting-april-26th-2017/

or in the attached document:

General Shareholder Meeting Convene Notice – 26th April 2017

Information about extending of a credit line

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.

CR8 raport curent prelungire linie de credit – english

CR15 / 2016 – New Certificate of Registration of Securities

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority – ASF – the Certificate of Registration of Securities number AC-4149-2 of August 18th 2016, certifying the registration of the share capital increase with a number of 9.000.766 free shares issued as a result of the General Shareholder Meeting decisions on April 28th 2016.

The Company continues the registration process, the next step being the registration with the Central Depository.

CR15 raport curent current report certifica inregistrare valori mobiliare majorare 2-1 gratuite

Current Report 13 – Successful offer of corporate bonds

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.