Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs shareholders about closing the overdraft credit line in amount of RON 1,000,000 with Patria Bank. The overdraft credit line had a maturity of 1 year (until 16.02.2018) with possibility of renewal and was use for financing current activity. With this operation, the Company releases the guarantees for this banking product.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Bucharest Stock Exchange the decision of admission to trading of the BNET22 bonds. The issue consists of 45,000 bonds with a face value of RON 100, a maturity of 5 years (until September 2022) and an annual coupon of 9%, payable quarterly. First day of trading will be Tuesday, November 28th, and the ticker will be BNET22.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the signing of a loan agreement with Gecad Net SRL. The credit is in amount of EUR 90,000 with an interest rate of 4% per year and a 12 months maturity. Gecad Net SRL will use the loan for financing current activity, the working capital and the common projects of the two companies for the end of 2017 fiscal year. Bittnet Systems S.A. is the Sole Associate of Gecad Net SRL.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extention of the Microsoft Gold Certified Partner status of Gecad Net SRL. In order to extein this status, Gecad 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 technical skills for delivering and maintaining complex IT solutions and response to customer service request. The audit has also checked the customer satisfaction, business practices and Gecad ability to integrate technologies such as Windows and Devices, Data Analytics, Collaboration and Content, Midmarket Solution Provider, Datacenter, Cloud Productivity, Small and Midmarket Cloud Solutions, Software Asset Management services solutions based on Microsoft Technology. Gecad is one of few Microsoft partners in Romania that could provide all technical skills for Microsoft Azure technology at the highest certified level. Bittnet Systems is the Sole Associate of Gecad Net SRL.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority the Certificate of Registration of Securities number OB-4550-1 from October 31st 2017, certifying the registration of the corporate bonds issued in 8th September 2017, according with the EGSM Resolution from 26th April 2017 and the Sole Administrator Decision. The Company continues the registration process, the next step being the registration with the Central Depository and the Bucharest Stock Exchange.
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
BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 5th coupon payment for the Company’s bond issue – dated 15th July 2016, symbol BNET19 – will be made on October 16th 2017. 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: 12th October 2017 (Ex-date: 11th October 2017). The interest will be paid via bank transfer directly to the accounts of all participants in the RoClear System, to the bondholders’ bank accounts whichwere confirmed by the bondholders in the Subscription Form, or to the bank accounts which were notified to 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.
BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about obtaining the ASF (Financial Supervisory Authority) visa no. 1353/28.09.2017 for the Offer Prospectus for the capital increase with new contributions in cash. The number of new issued shares will be 1.416.012 each with a value of RON 0.57 / share, issued by the Company in accordance with the Extraordinary Shareholder Meeting Resolutions from April 26th 2017. The total amount of the share capital increase will be RON 807,126.84, assuming that all shares are subscribed in Phase 1 of the capital increase. The shareholders who held shares at the registration date, May 22, 2017, will receive preference rights equal with the number of shares held at the registration date. For the subscription of a new share, in the capital increase operation, each shareholder must hold 10.25 preference rights. The number of new shares that may be subscribed by a shareholder is calculated by dividing the number of preference rights held at the registration date, at 10.25. If the result from the above calculation is not a natural number, the maximum number of shares that can actually be subscribed will be rounded-down to the next higher natural number. The preference rights will be listed on the BVB market and will be traded under the ticker symbol BNETR02, in a period of 10 working days from October 3rd to October 16th 2017. Subsequently to the Preference Rights trading period, investors holding rights may subscribe shares between October 23rd and November 22nd 2017. All the relevant information for the subscription in the capital increase can be found in the Offering Prospectus available for shareholders on the Company website and intermediated by SSIF Goldring SA.
Direct link for the prospectus: https://goo.gl/xjiihX
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about registration, by the Trade Registry, of the shares transfer of Gecad Net SRL. Beginning with 21st September 2017, Bittnet is the Sole Associate of Gecad Net SRL.
The Company will focus its operational efforts to integrate the two legal entities, aiming at increasing the overall profitability by maintaining teams and increasing the combined turnover based on the common product portfolio.