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.