BITTNET SYSTEMS S.A. (referred to as the “Company” / “Issuer” / “Group”) informs investors and the capital market about the approval by the Board of Directors of buyback program for BNET shares, carried out as a Public Offer (OPC), through capital market mechanisms.
The offer is for 142,857,160 ordinary, common, dematerialized shares, with a face value of 0.1 ron and a budget limit of RON 25,000,003, which implies a buyback price of 0.175 ron/share.
The offer will be carried out over a period of 10 working days which will start on the 3rd working day from the date of publication of the FSA Decision for approving the operation.
In the event that the total number of shares subscribed and validated exceeds the total number of shares subject to the Offer, the allocation will be made proportionally, using the pro-rata method. Rounding will be made to the nearest lower integer number. The exclusive purpose of the program is the acquisition by the Company of the respective shares with a view to their subsequent cancellation. The intermediary of the operation will be SSIF GOLDRING S.A.
Board of Directors Decision – buy-back program BNET shares