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.
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.
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,
- 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:
or in the attached document:
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.
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.
Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the extention of the Cisco Certified Gold Partner status. In order to extein this status, Bittnet 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 tehnical skills for delivering and maintaining complex IT solutions and response to customer service request tickets. The audit has also ckecked the customer satisfaction, business practices and the Company’s ability to integrate Hibrid IT, Cloude and Manage services solutions based on Cisco Technology.
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. (“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. If during Stage 1 of the subscriptions, which took place between January 9th and February 8th, the Company has sold a total number of 993,207 shares for 0.78 RON each, in the 2nd Stage the Company has offered the remaining number of 7,767 unsubscribed shares. The remaining shares were offered by the Company in a private placement.
In this 2nd Stage, 9 investors have placed 9 subscription orders at a price per share of 0.80 RON. All the remaining shares from Stage 1 (a 0.78% of the total shared offered in the capital increase) were subscribed in the 2nd Stage. During both stages the Company attracted a total amount of RON 780,915.06 for 100% of the 1,000,974 shares offered.
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.
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.