BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the investors about the results of the subscription process during the share capital increase operation with cash contributions as follows:
In stage I – between March 5th and April 3rd, 2020 – 5,046,928 new shares (45.69%) were subscribed at the price of RON 0.83 per share, by 189 investors.
In Stage II, the Company offered for sale the remaining unsubscribed 5,999,713 shares, within a private placement, at the unit price of RON 0.831. The subscriptions were made by 51 investors.
During the two stages of the capital increase operation 11,046,641 shares were subscribed representing 100% of the total issue and the Company raised a finance in cash contributions in amount of RON 9,174,711.74.
In the next period, the Company will start the registration process of the new capital to the Trade Register, FSA and the Central Depository, as well as the formalities of admission to trading for BNETR07 allocation rights.
