{"id":12844,"date":"2021-06-17T18:03:16","date_gmt":"2021-06-17T15:03:16","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=12844"},"modified":"2021-06-17T16:50:45","modified_gmt":"2021-06-17T13:50:45","slug":"share-allocation-in-the-incentive-program-sop2019","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/","title":{"rendered":"Share allocation in the incentive program &#8211; SOP2019"},"content":{"rendered":"<section class=\"l-section wpb_row height_small\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cthe Company\u201d \/ \u201cthe Issuer\u201d) informs investors about the exercise of the options to buy stocks by key persons included in the incentive program with options, SOP2019, approved by Decision no. 4 EGMS of 27.04.2019.<\/p>\n<p>29 key persons notified the company regarding the purchase of a total number of 9,072,821 BNET shares at the price of RON 0.224084401 per share. The price was determined according to the stock option plan and related to the market capitalization from 31.12.2018. Following this operation, the Company will collect from the key persons the amount of RON 2,033,078.<\/p>\n<p>The stock option plan SOP2019 was approved by shareholders at the General Meeting in April 2019, and provided that a maximum percentage of 5% of the company&#8217;s shares can be offered for purchase to key persons, in May-June 2021, at a price per share equal to the marketcap of the company from January 1st , 2019. Thus, considering that the activity carried by the key persons generated an increase in the market capitalization of the company from RON 55 million to RON 150 million, in 2 years, some of the key persons exercised the option. The number of options exercised (9,072,821) represents 3.6698% of the company&#8217;s total number of shares at the current date.<\/p>\n<p>The settlement method of the stock option plan, in this way, is a first and could be implemented due to the treasury shares charged to the Company&#8217;s account in December 2020. These shares were acquired by the Issuer following the implementation of EGMS Decision no. 3 of April 2020 and the special procedure carried out last summer. Through this procedure, the shareholders from the registration date, July 21st 2020 could choose to receive the nominal value of the newly issued share and thus leave the share at the Issuer&#8217;s disposal for the implementation of the stock option plan.<\/p>\n<p>The next operation through which the Issuer will be able to acquire treasury shares will take place at the end of July 2021, when the Company will make available to shareholders from the date of registration (July 21, 2021) a similar option mechanism, through the eVote application, to receive\/opt the nominal value of the newly issued share, according to the EGMS Decision no. 3 of April 27, 2021 and the additional procedure for implementing this Decision.<\/p>\n<p>The Issuer intends to carry out similar operations in the following years and to submit to the shareholders&#8217; approval incentive programs with options for key persons, considering the role of the programs: to attract, retain, motivate and align the interests of key persons with those of the Company&#8217;s shareholders.<br \/>\nWe attach to this current report the Information document on the operation &#8211; according to Annex 4 of Reg. ASF 5\/2018 &#8211; which describes the reason for the operation and the settlement method.<\/p>\n<p>The transfer of the BNET shares from the company&#8217;s account, in the accounts of the key persons, will be processed in the following period by the Central Depository.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2021\/06\/Document-informare-alocare-actiuni-SOP2019.pdf\">Document de informare<\/a><\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2021\/06\/CR35-current-report-engl-2021.pdf\">CR35\/17.06.2021<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"BITTNET SYSTEMS S.A. (hereinafter referred to as \u201cthe Company\u201d \/ \u201cthe Issuer\u201d) informs investors about the exercise of the options to buy stocks by key persons included in the incentive program with options, SOP2019, approved by Decision no. 4 EGMS of 27.04.2019. 29 key persons notified the company regarding the purchase of a total number...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389],"tags":[],"class_list":["post-12844","post","type-post","status-publish","format-standard","hentry","category-current-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Share allocation in the incentive program - SOP2019 - Bittnet Investors Relations Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Share allocation in the incentive program - SOP2019 - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Bittnet Investors Relations Site\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BittnetSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T15:03:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-17T13:50:45+00:00\" \/>\n<meta name=\"author\" content=\"Lucian Bratu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NA\" \/>\n<meta name=\"twitter:site\" content=\"@NA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucian Bratu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Share allocation in the incentive program &#8211; SOP2019\",\"datePublished\":\"2021-06-17T15:03:16+00:00\",\"dateModified\":\"2021-06-17T13:50:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\"},\"wordCount\":503,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\",\"name\":\"Share allocation in the incentive program - SOP2019 - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2021-06-17T15:03:16+00:00\",\"dateModified\":\"2021-06-17T13:50:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/share-allocation-in-the-incentive-program-sop2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Share allocation in the incentive program &#8211; SOP2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/\",\"name\":\"Bittnet Investors Relations Site\",\"description\":\"Your Value. 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