Bittnet Systems S.A. (The Company) informs shareholders about successfully finalizing the negotiations for the investment in Elian Solutions SRL, and signing the investment contract, according to the mandate given by the shareholder meeting decision nr. 7 from 25 april 2018. The investment amounts to RON 510.000 and will be done in 2 stages. In the first stage Bittnet will take part in a capital increase, reaching a 33.33% participation in Elian Solutions. In the second stage the founders will sell additional shares so that Bittnet will reach a 51.0082% shareholding position in Elian Solutions.
The estimated date for closing the deal is august 31st 2018.