{"id":21533,"date":"2023-05-19T18:28:09","date_gmt":"2023-05-19T15:28:09","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=21533"},"modified":"2023-05-19T17:30:54","modified_gmt":"2023-05-19T14:30:54","slug":"signing-the-closing-certificate-with-dataware-and-a-investment-loan-contract-with-procredit-bank","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-the-closing-certificate-with-dataware-and-a-investment-loan-contract-with-procredit-bank\/","title":{"rendered":"Signing the closing certificate with Dataware and a investment loan contract with ProCredit Bank"},"content":{"rendered":"<p>BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;Issuer&#8221; \/ \u201cGroup\u201d) informs investors about signing an investment loan contract with ProCredit Bank, in the amount of RON 10,000,000 , for financing of an M&amp;A transaction with Dataware Consulting SRL. The investment loan was signed by Dendrio Solutions SRL (part of Bittnet group) for a period of 7 years, with monthly repayments.<\/p>\n<p>The annual interest rate is variable and consists of the ROBOR6M and the fixed margin of 2.50%. The guarantees established for this credit product:<\/p>\n<ul>\n<li>mortgage on Dendrio Solutions accounts at ProCredit Bank,<\/li>\n<li>mortgage on Dataware shares acquired by Dendrio Solutions (51.13%),<\/li>\n<li>guarantee from the Group,<\/li>\n<li>guarantee issued by the European Investment Fund in proportion of 60%,<\/li>\n<li>collateral cash deposit for the amount of RON 2,500,000.<\/li>\n<\/ul>\n<p>Also, the Issuer informs about singning, in 19.05.2023 of all closing procedures and supporting documents for the acquisition of 70% of Dataware and signing the necessary documents in order to register the new shareholding structure at the Trade Registry Office. After that, the new shareholding structure of Dataware will be as follows: Dendrio \u2013 51.13%, Bittnet Systems \u2013 18.87%, the cofounders of Dataware &#8211; 30% (equally shared ownership between the two cofounders). The transaction price also includes a settlement in BNET shares which will be allocated to the 2 cofounders of Dataware in a future capital increase operation.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2023\/05\/CR30-current-report-engl-2023-Closing-Dataware.pdf\">CR30\/19.05.2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;Issuer&#8221; \/ \u201cGroup\u201d) informs investors about signing an investment loan contract with ProCredit Bank, in the amount of RON 10,000,000 , for financing of an M&amp;A transaction with Dataware Consulting SRL. The investment loan was signed by Dendrio Solutions SRL (part of Bittnet group) for a&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[389,398],"tags":[],"class_list":["post-21533","post","type-post","status-publish","format-standard","hentry","category-current-reports","category-latest-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Signing the closing certificate with Dataware and a investment loan contract with ProCredit Bank - 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\/signing-the-closing-certificate-with-dataware-and-a-investment-loan-contract-with-procredit-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing the closing certificate with Dataware and a investment loan contract with ProCredit Bank - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:description\" content=\"BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;Issuer&#8221; \/ \u201cGroup\u201d) informs investors about signing an investment loan contract with ProCredit Bank, in the amount of RON 10,000,000 , for financing of an M&amp;A transaction with Dataware Consulting SRL. 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