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, according to the Resolution no. 5 of the Extraordinary Shareholders Meeting of April 26, 2017. In the private offer the Company has sold the maximum number of bonds (45,000), which rise the amount of money invested by the bondholders at RON 4.5 Million.
The bonds have a face value of RON 100, a maturity of 5 years and a yearly coupon of 9%, payable quarterly. There were 19 subscriptions by natural persons. The money will be used to finance the takeover of Gecad NET SRL, and for working capital of this acquisition. In accordance to the resolution of the Extraordinary Shareholders Meeting, the Company will begin the process of listing the bonds issue on the ATS market operated by the Bucharest Stock Exchange.
