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 26th June – 4th July. The operation was completed before the end of the subscription period (13th July) because of the oversubscription. Due to this private offer, the Company raised the amount of RON 4.7 million and sold the maximum number of bonds (47,000) according to Sole Administrator’s decision and the Private placement offer document. The bonds have a face value of RON 100, a maturity of 5 years and a yearly coupon of 9%, payable quarterly. There were 32 subscriptions by natural persons, 1 legal entity and 3 investment funds.
The money will be used to finance the two investment projects approved by the General Shareholders Meeting: Elian Solutions SRL and Equatorial Gaming SA, as well as the working capital, according to EGSM resolutions of 25 April 2018.
In accordance with the resolution of the Extraordinary Shareholders Meeting, and after closing the investment projects, the Company will begin the process of listing the bonds issue on the ATS-Bonds market operated by the Bucharest Stock Exchange.
