BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the investors about the subscription price within the offer to increase the share capital by issuing 18,178,550 ordinary new shares, according to Decision no. 4 EGMS from 29.04.2020, namely: RON 0.59 per share.
The price consists of the nominal value of a BNET share (0.1 RON) plus the issue premium. The formula for the issue premium was established within the EGMS of 29.04.2020. The average trading price for the last 30 days was determined depending on the date of transmission to the FSA of the Prospectus related to this operation (on 29.12.2020):

[(average trading price last 30 days) / 1.2] – 0.1

The new issued shares are offered for subscription based on the preference right. For the subscription of a new share, 7 preference rights are required (ticker: BNETR08). Prior to the share subscription period, the preference rights will be tradable on the regulated market of the Bucharest Stock Exchange. At the end of the trading period for BNETR08 preference rights, the rights holders will be able to subscribe for new shares at the price of 0.59 ron per share, for 30 days (Stage 1 of the capital increase).
The capital increase operation’s calendar will be published with the Prospectus and the FSA Decision regarding it.

Current Report 65/28.12.2020