{"id":8506,"date":"2020-07-17T11:20:54","date_gmt":"2020-07-17T08:20:54","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=8506"},"modified":"2020-09-07T17:39:50","modified_gmt":"2020-09-07T14:39:50","slug":"publication-of-the-universal-registration-document","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/","title":{"rendered":"Publication of the Universal registration document"},"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 &#8220;the Company&#8221;) informs the investors about the approval by the Financial Supervisory Authority of the Universal Registration Document the first such document ever issued on the Romanian capital market.<br \/>\nThe new EU Prospectus Regulation, and implementing measures, is applicable as of 21 July 2019. Under the revised rules, a new document, known as the &#8220;Universal Registration Document&#8221; (URD) was created. The goal behind the Universal Registration Document is to accelerate the prospectus approval process for frequent issuers.<\/p>\n<p>Bittnet prepared and submitted the Universal Prospectus for ASF\u2019s approval to simplify and speed up the process of a future public offering of securities. From now on, for any new offer of financial instruments issued by Bittnet, regardless of their type or class, the company only needs to prepare a securities note and a summary. Bittnet\u2019s intends to benefit from this solution in the course of the next 12 months, for carrying out a capital increase as well as to run an offer for Bittnet\u2019s preferential shares.<br \/>\nUnder the EU Prospectus Regulation, frequent issuers are incentivized to draw up their prospectus as separate documents, since that can reduce their cost of compliance with this Regulation and enable them to react to market windows swiftly. Thus, since July 2019 issuers whose securities are admitted to trading on regulated markets or MTFs have an option to draw up and publish every financial year a universal registration document containing legal, business, financial, accounting and shareholding information and providing a description of the issuer for that financial year.<\/p>\n<p>Drawing up a universal registration document enables the issuer to keep the information up-to-date and only to add a securities note and a summary of the offering when market conditions become favourable for an offer of securities to the public. The universal registration document acts as a source of reference on the issuer, supplying investors and analysts with the minimum information needed to make an informed judgement on the company\u2019s business, financial position, earnings and prospects, governance and shareholding<br \/>\nThe FSA approval decision and the Universal Registration Document can be consulted at the links below:<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2020\/07\/Document-de-inregistrare-universal-Bittnet.pdf\">Document de inregistrare universal Bittnet<\/a><\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2020\/07\/Decizia-ASF-867din-15.07.2020.pdf\">Decizia ASF de aprobare<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"BITTNET SYSTEMS S.A. (hereinafter referred to as &#8220;the Company&#8221;) informs the investors about the approval by the Financial Supervisory Authority of the Universal Registration Document the first such document ever issued on the Romanian capital market. The new EU Prospectus Regulation, and implementing measures, is applicable as of 21 July 2019. Under the revised rules,...","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[466],"tags":[],"class_list":["post-8506","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Publication of the Universal registration document - Bittnet Systems<\/title>\n<meta name=\"description\" content=\"Publication of the Universal registration document - Bittnet Systems informs the investors about the approval of the first document\" \/>\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\/publication-of-the-universal-registration-document\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Publication of the Universal registration document - Bittnet Systems\" \/>\n<meta property=\"og:description\" content=\"Publication of the Universal registration document - Bittnet Systems informs the investors about the approval of the first document\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\" \/>\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=\"2020-07-17T08:20:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-07T14:39:50+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\/publication-of-the-universal-registration-document\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Publication of the Universal registration document\",\"datePublished\":\"2020-07-17T08:20:54+00:00\",\"dateModified\":\"2020-09-07T14:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\"},\"wordCount\":383,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\",\"name\":\"Publication of the Universal registration document - Bittnet Systems\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2020-07-17T08:20:54+00:00\",\"dateModified\":\"2020-09-07T14:39:50+00:00\",\"description\":\"Publication of the Universal registration document - Bittnet Systems informs the investors about the approval of the first document\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/publication-of-the-universal-registration-document\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publication of the Universal registration document\"}]},{\"@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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