Successful offer of corporate bonds via private placement – BNET23C

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 between January 14th – 18th 2019.
Due to this private offer, the Company raised the amount of RON 10 million and sold the maximum number of bonds (100,000) according to Sole Administrator’s Decision and the Private placement offer document. The bonds have a face value of RON 100, a maturity of 4 years and a yearly coupon of 9%, payable half-yearly. The intermediation syndicate was formed by SSIF Tradeville and SSIF Goldring. The money will be used to finance current activity of Bittnet Group. BNET23C bonds are nominative, dematerialized, corporate, unconvertible and unsecured. The Issuer and the Intermediary are following the process of registering securities to FSA and listing the BNET23C issue on the AeRO-ATS bonds market of the BSE.

CR06 current report_EN

FSA Certificate for Registration of Securities BNET23A corporate bonds

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority the Certificate for Registration of Securities number OB-4755-1 from January 16th 2019, certifying the registration of the corporate bonds issued in 28th December 2018, according with the EGSM Resolution from 25th April 2018 and the Sole Administrator Decision. BNET23A bonds have the face value RON 100/bond, the maturity at 5 years, fixed interest rate of 9% per year, payable semi-annually. The Company continues the registration process, next step being the registration with the Central Depository and the Bucharest Stock Exchange.

CR05 current report_EN

Financial communication schedule

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the publication of the financial calendar for 2019. The Company will publish periodical reports in the following manner:

EventDate
Preliminary annual financial results 2018
February 22, 2019
    Bittnet Investors DayApril 17, 2019
Annual General Shareholders Meeting (GSM)
April 24, 2019
    Annual Report for FY 2018April 25, 2019
Semi-Annual Report for the first half of 2019
August 30, 2019

These dates have been chosen to be evening of the last working day of the week to allow the maximum possible time for information to be absorbed by the interested parties. The date for the Shareholders Meeting has been chosen to be during a work day, as to allow maximum participation for shareholders, in accordance with the Corporate Governance Principles of the Bucharest Stock Exchange.

Manager’s transactions art. 19 MAR

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders according to art. 19 of EU Regulation 596/2014 (MAR), of the transactions with Company’s shares, on January 15th 2019, by individuals discharging managerial responsibilities. Those transactions are part of the process of aligning the interests of former Crescendo International associates with Company management, as Bittnet has informed the capital market in the document “Investment Proposal – Business Transfer of Crescendo IT&C Integration” made available to investors as a support document for the EGSM of December 17th, 2018 and in accordance with the Promise Agreement signed by the founding shareholders of Bittnet regarding the business transfer.

The transactions have been notified to the Company in accordance with the the capital market legislation and can be consulted at the link below:

BNET_tranzactii-management-conf-art-19-din-Reg-596

Receiving the CIVM from Financial Supervisory Authority

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervisiory Authority (FSA) of the Certificate of Registration of Securities no. AC-4149-7/09.01.2018, certifying the registration of the share capital increase with a number of 3,044,426 new shares issued as a result of the General Shareholder Meeting decisions from April 25th 2018. The Company continues the registration process with the Central Depository, the payment date, (the date on which the newly issued shares will be available for trading) – 14.01.2019.

CR02 current report_EN

Business transfer operation Crescendo Intrenational SRL

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the formal closer of the business transfer operation between Crescendo International and Dendrio Solutions (wholly owned by Bittnet Systems). Thus, starting with January 1, 2019, Dendrio Solutions took over Crescendo International’s IT&C integration business, as approved by the EGSM decision no. 2 of 17 December 2018 and under the Business Transfer Agreement of 14 October 2018.

Along with IT&C equipments and other assets, Dendrio Solutions team has grown with 41 employees who will continue to carry out their IT&C integration activity within the Bittnet Group, as they have done so far under the Crescendo brand. The Company estimates the positive effects of this investment to achieve a turnover of 100 million ron by Dendrio Solutions in fiscal year 2019.

CR01 current report_EN.

Announcement about 10th coupon payment

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs that the 10th coupon payment for the Company’s bond issue – dated 15th July 2016, ticker BNET19 – will be made on January 15th 2019. 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: 11th January 2019 (Ex-date: 10th January 2019). 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.

CR01 current report_EN

Successful offer of corporate bonds issue

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the investors and the capital market about the successful undertaking of corporate bonds sale through private placement, after which the Company obtained the amount of RON 9,703,700 from 20 individual investors and one legal person. During this process, 21 transactions totaling 97,037 nominative, dematerialized, corporate, unconvertible, unsecured bonds, with a face value of 100 lei / bond, were settled through the Bucharest Stock Exchange mechanisms (POFBX market).

BNET23A bonds have the maturity at 5 years, fixed interest rate of 9% per year, payable semi-annually and the allocation date 28.12.2018, according to the Decision of the Unique Administrator, EGSM Decision no. 10 of 25 April 2018 and the Presentation Document. The company will use the funds raised in the BNET23A issue to finance the IT&C business transfer from Crescendo International S.R.L. and its integration into Bittnet Group structure, according to the approval of the EGMS on 17 December 2018 and the investment contract described in Current Report 22 / 15.10.2018. The Issuer and the Intermediary are following the process of registering securities to ASF and listing the BNET23A issue on the AeRO-ATS bonds market of the BSE.

CR37 current report_EN

Signing of a banking product for guarantee letters Dendrio Solutions – Banca Transilvania

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about contracting of a ceiling product by Dendrio Solutions SRL from Banca Transilvania. The total value is RON 1,000,000 with a maturity of 15 months and allows quick access to the following facilities:

• Corporate credit line;

• Different types of non-cash Guarantee Letters (bank guarantee letters, performance letters, vendor payment guarantee, prepayment, etc.)

The interest for this banking product is: ROBOR3M + 3.8% and is based on the actual value used. The guarantees are as follows:

• Mortgage loan to Dendrio Solutions accounts opened at Banca Transilvania;

• Guarantee from Bittnet Systems

The Beneficiary intends to use this banking product to stop “blocking” its own cash to issue Guarantee Letters and to unlock the current guaranteeing instruments of this kind. Bittnet Systems is the Sole Associate of Dendrio Solutions.

CR36 current report_EN

Report intention of corporate bonds sell private placement

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about the intention of the Company to conduct, in the forthcoming period, an offer for sale of corporate bonds through private placement in connection with the business transfer contract signed with Crescendo International S.R.L., operation with following characteristics:

• face value: RON 100

• total value: RON 15.4 million, with the possibility of additional

• 9% annual fixed interest rate, payable semi-annually

• maturity 2023