Repayment banking credit at maturity – Dendrio Solutions SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the modification of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:

• repayment at maturity of the credit line from Banca Transilvania, in amount of RON 1.5 million;

Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.

CR11 current report

Signing credit contract Dendrio Solutions SRL

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the improvement of the financing structure of Dendrio Solutions SRL (ex Gecad NET SRL) with the following operation regarding banking loans:

• signing of a revolving overdraft contract with ProCredit Bank in amount of RON 1,800,000 with an interest rate of ROBOR3M+2.5% per year and a 36 months maturity; The guarantees for the credit line are:

• 8.33% collateral cash deposit;

• parental guarantee from Bittnet Systems SA;

• guarantee under the “SME Initiative” program funded by the European Union through ERDF and “Horizon 2020” and by the European Investment Fund and European Investment Bank.

The loan will be used for financing current activity and working capital of Dendrio Solutions SRL. Bittnet Systems is the Sole Associate of Dendrio Solutions SRL.

CR10 current report

Registration of the capital increase at Trade Register

Bittnet Systems S.A. (hereinafter referred to as the “Company”) informs the shareholders about receiving from the Trade Register the Certificate of Registration no. 187597 / 07.05.2018, which attests the registration of the capital increase according with the Sole Administrator Confirmation and Resolution no. 4 of the EGSM from 25.04.2018. Thereby the share capital of the Company increased from RON 3,044,425.80 at RON 4,871,081.20. Attached to this current report the Certificate of Registration and the Resolutions from Trade Register.

The Company continues the registration process, next steps being the registration with Financial Supervisory Authority and Central Depository.

CIM Hotarare 4 majorare gratuite BNET

Announcement about 3rd coupon payment – BNET22

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 3rd coupon payment for the Company’s bond issue – dated 8th September 2017, symbol BNET22 – will be made on June 15th2018. 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: 8th June 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.

CR04 current report

Signing of a significant contract

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about signing of a significant contract as follows:

  •          Client: electronic household manufacturing producer
  •          Client investment objective: development of new production capacity in Dambovita county (greenfield investment)
  •          Contract objective: delivery of IT equipment, technological solutions and wi-fi installation services
  •          Contract value: USD 450,000
  •          Delivery time: 1st semester 2018
  •          Payment deadline: 30 days after delivery.

CR08 current report

Annual report 2017

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs investors about the availability of the Annual Report for FY 2017 approved by the OGSM from 25th of April 2018. The report is available at the link below:

Annual Report Bittnet 2017 – english

OGSM & EGSM resolutions 25th April 2018

Bittnet Systems S.A. informs the investors about the Resolutions of the Ordinary and Extraordinary Shareholders Meetings from 25th of April 2018 at the link below:

Current report – Results of shareholder meeting – EN .docx

Investors Day at Bittnet

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs investors and the press about the organization of the “Investors Day” at the Company’s headquarters.

The event will take place on 19th April 2018, starting with 09:00 AM at the company’s office in Bucharest, Bd. Timisoara no. 26, Plaza Romania Offices Building, 1st floor, District 6.The event is open to all shareholders, individual and institutional investors, analysts, and the media. Participants will be able to interact directly with the Company and its management.

During the event, the Bittnet team will present the results of the fiscal year 2017 and the strategy for 2018. In addition, the new GECAD NET brand identity will be revealed and the founders of the two companies intending to join the Bittnet family in 2018 will be present: Elian Solutions and Equatorial. The detailed agenda for the event can be found below.

Investors Day Bittnet Agenda

For further information and confirmation at the event, please contact us at: 0731.700.226 or by online registration at the following link:

Online registration Investors Day

Announcement about 7th coupon payment – BNET19

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) announces that the 7th coupon payment for the Company’s bond issue – dated 15th July 2016, symbol BNET19 – will be made on April 16th 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: 12th April 2018 (Ex-date: 11th April 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 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.

Update to GSM Convening Notice

According to the technical specifications received from the Central Depository, the Company announces the shareholders about the following updates of the Convening Notice for the Ordinary and Extraordinary General Meeting of Shareholders at the following link:

Erratum no.1 to GSM Convening Notice Bittnet 2018 – english