Report regarding subscriptions in Stage 1 of the capital increase

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about the results of the subscription process in the capital increase operation approved by the Extraordinary Shareholders Meeting of April 25th 2018. Stage 1 of the subscriptions took place between November 6th and decembre 6th. In this period, the Company has offered a total number of 3,044,426 new shares for a price of RON 0.95 each. During this operation, 28,662,550 preference rights were exercised by investors. They subscribed a total number of 2,866,255 shares, which represents a 94.14% of the total offer. The total amount of money rise by the Company in Stage 1 is RON 2,722,942.25. During Stage 2, the Company will offer the remaining unsubscribed 178,171 shares to investors in a private placement. Stage 2 will start Monday, 10th December 2018.

CR29 current report_EN

Competition Council Resolution regarding Crescendo International business transfer

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from de Competition Council of the Decision no. 68/05.12.2018 regarding the business transfer of Crescendo International SRL to Bittnet Systems SA, investment on which the Company informed the capital market on 15 October 2018. The Board of the Competition Council issued the positive decision on the “economic concentration operation to be achieved by acquiring the sole control over certain assets and activities of Crescendo International SRL”. The notified transaction takes place under the “Business Transfer Agreement” through which Crescendo International SRL will transfer to Bittnet Systems SA a significant part of its business, representing 97% of the comercial fund determined as rate of the turnover.

CR29 current report_EN

Announcement 5th coupon payment BNET22

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 5th coupon payment for the Company’s bond issue – dated 8th September 2017, symbol BNET22 – will be made on December 17th 2018. 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: December 10th 2018. The interest will be paid via bank transfer directly to the accounts of all participants in the RoClear System, to the bondholders’ bank accounts which were 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 2.2500 / bond. The Company’s corporate bonds are tradeable on the Bonds-ATS Market, administered by the Bucharest Stock Exchange, starting with 28thNovember 2017 – under the BNET22 ticker.

CR06 current report_EN

Continuous improvement of Group’s financing

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about the improvement of the Group’s financing structure by contracting a banking credit product, by Dendrio Solutions SRL, from ING Bank NV Amsterdam – Bucharest Branch. The financing product is a revolving-overdraft line with the following coordinates:

• Total value of overdraft: RON 2,000,000

• Destination of credit: financing the working capital and current activity of Dendrio Solutions SRL

• Maturity: 1 year with extention possibility

• Interest rate: ROBOR1M+2.9% per year

The structure of the guarantees for this banking loan: promissory note “in white” without protest issued by Dendrio Solutions SRL and endorsed by Bittnet Systems SA and mortgage on banking accounts opened at ING. Bittnet Systems SA is the Sole Associate of Dendrio Solutions SRL.

CR27 current report_EN

Revocation Convening notice EGSM 21.11.2018. Convening Notice EGSM 17.12.2018

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the shareholders about the revocation of the convocation and the convening notice of the Extraordinary General Meeting of Shareholders (EGSM) of the Company proposed for November 21, 2018.
Considering that in EGSM Convening Notice, published on October 18, 2018, a material error was identified regarding the calculation of the date up to which the shareholders could submit additions to the agenda according to art. 92 of Law 24/2017 and even though there were no requests for completing the agenda and for eliminating any potential risk of challenging the legallity of the convocation, it was decided to revoke the convocation of EGSM for 21 November 2018 and to send a new Convening notice of EGSM for 17 December 2018.

Full text of the convocation, the agenda, as well as all the information necessary for participation and voting within the EGMS on December 17, 2018, can be consulted by accessing the link below.

Convening Notice EGSM Dec 17, 2018

EGSM documents and forms can be consulted here

Bittnet Investor Presentation – November 2018

In order to keep all stakeholders informed about Bittnet’s past performance, current activities as well as future plans, we have decided to develop Bittnet’s Investor Presentation. We hope that this material, which will be updated by us on a half-yearly basis, will help you in gaining further understanding of our business.

In case of any questions related to our activity on the Bucharest Stock Exchange or information presented in our IR presentation, please do not hesitate to contact us at: investors@bittnet.ro.

Bittnet Investor Presentation – English Version

Bittnet Prezentare pentru Investitori – Versiune Romana

Announcement 2nd coupon payment BNET23

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs the investors that the 2nd coupon payment for the Company’s bond issue – BNET23 – will be made on November 15th 2018. The interest will be paid via bank transfer directly to the bondholders’ bank accounts which were confirmed in the Subscription Form. The interest rate is 9% per year and the interest amount is a gross of RON 2.2500 / bond. On November 1st , 2018, the Company informed the capital market, through a current report, of the Securities Registration Certificate (CIVM) issued by the Financial Supervisory Authority for the BNET23. The Company follows the procedures for admission to trading at the Bucharest Stock Exchange.

CR25 current report_EN

Social Capital Increase Documents 2018

Bittnet Systems S.A. provides the shareholders with the documentation for the share capital increase operation with cash contribution. The operation will be conducted according to the Prospectus, and the subscriptions under Stage 1 and will take place between November 6th and December 6th, 2018.

FORMULAR_SUBSCRIERE_BNET_2018

Formular Revocare Etapa1 2018

Angajamentul de respectare a conditiilor ofertei – se completeaza de catre broker

Prospect proportionat majorare capital Bittnet-viza ASF

 

 

Manager’s transactions – art.19 MAR

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company”) informs shareholders according to art. 19 of EU Regulation 596/2014 (MAR), of the transactions with Company’s preference rights, on October 29th 2018, by individuals discharging managerial responsibilities. The transactions have been notified to the Company in accordance with the the capital market legislation and can be consulted at the link below.

tranzactii management conf art 19 din Reg 596