{"id":24613,"date":"2024-09-24T19:30:13","date_gmt":"2024-09-24T16:30:13","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=24613"},"modified":"2024-09-24T19:02:14","modified_gmt":"2024-09-24T16:02:14","slug":"signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/","title":{"rendered":"Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden"},"content":{"rendered":"<p>BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;The Issuer&#8221; \/ &#8220;The Group&#8221;) informs investors about the signing of an non-binding Memorandum of Understanding (\u201cMoU\u201d) by the shareholders of Dendrio Solutions S.R.L (\u201cDendrio\u201d) with Hemply Balance AB (\u201cHemply\u201d), a Swedish company, listed on the Nordic Growth Market (\u201cNGM\u201d) \u2013 a part of the Stuttgart Boerse Group \u2013 regarding the reverse listing of Bittnet\u2019s Digital Infrastructure business.<br \/>\nThe envisaged transaction (the \u201cTransaction\u201d) values Dendrio between EUR 37.5 million and EUR 40 million, depending on the final structure of the transaction \u2013 to be paid in Hemply shares. If the Transaction succeeds, the current \u00b11,500 shareholders of Hemply would hold 4% of the resulting post-Transaction shares. Dendrio shareholders will receive shares pro-rata to their current holdings, amounting to 96% of the post-Transaction shares. The transaction is intended to close in Q4 2024, but is dependent on the following conditions precedent:<\/p>\n<ul>\n<li>Satisfactory reciprocal due-diligence;<\/li>\n<li>Agreeing on and signing a share purchase agreement;<\/li>\n<li>Approval by NGM of the transaction;<\/li>\n<li>Hemply\u00b4s approval at the EGM: should NGM confirm that conditional approval is expected to be received, Hemply will hold an EGM to approve of the Transaction;<\/li>\n<li>Swedish Financial Supervisory Authority clearance: the Transaction is conditional on the Swedish Securities Council granting majority shareholders of Dendrio customary exemption from the mandatory bid requirement (i.e., ownership exceeding 30% following completion of the Transaction); and<\/li>\n<li>Bittnet shareholder approval at its shareholder meeting;<\/li>\n<li>Romanian Competition Council and Foreign Direct Investment clearance, if applicable<\/li>\n<\/ul>\n<p>Post the Transaction the combined company will be one of the largest 20 companies on the NGM, with more than 1,500 shareholders which will allow the continued development of its Digital Infrastructure business unit of Bittnt group, on a European scale, by providing access to capital to fund the company\u2019s organic growth and growth through acquisition.<br \/>\nAalto Capital LLP, in London is acting as the exclusive financial advisor to Bittnet Systems in relation to this Transaction.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2024\/09\/CR55-current-report-engl-2024-Semnare-MoU-pt-listare-Dendrio-Suedia.pdf\">CR55\/24.09.2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;The Issuer&#8221; \/ &#8220;The Group&#8221;) informs investors about the signing of an non-binding Memorandum of Understanding (\u201cMoU\u201d) by the shareholders of Dendrio Solutions S.R.L (\u201cDendrio\u201d) with Hemply Balance AB (\u201cHemply\u201d), a Swedish company, listed on the Nordic Growth Market (\u201cNGM\u201d) \u2013 a part of the Stuttgart&#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],"tags":[],"class_list":["post-24613","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>Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden - 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-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden - Bittnet Investors Relations Site\" \/>\n<meta property=\"og:description\" content=\"BITTNET SYSTEMS S.A. (referred to as the &#8220;Company&#8221; \/ &#8220;The Issuer&#8221; \/ &#8220;The Group&#8221;) informs investors about the signing of an non-binding Memorandum of Understanding (\u201cMoU\u201d) by the shareholders of Dendrio Solutions S.R.L (\u201cDendrio\u201d) with Hemply Balance AB (\u201cHemply\u201d), a Swedish company, listed on the Nordic Growth Market (\u201cNGM\u201d) \u2013 a part of the Stuttgart...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\" \/>\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=\"2024-09-24T16:30:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-24T16:02:14+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden\",\"datePublished\":\"2024-09-24T16:30:13+00:00\",\"dateModified\":\"2024-09-24T16:02:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\"},\"wordCount\":329,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\",\"name\":\"Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden - Bittnet Investors Relations Site\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2024-09-24T16:30:13+00:00\",\"dateModified\":\"2024-09-24T16:02:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/signing-of-an-mou-to-list-bittnets-digital-infrastructure-business-unit-in-sweden\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signing of an MoU to list Bittnet\u2019s Digital Infrastructure business unit in Sweden\"}]},{\"@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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