{"id":8563,"date":"2020-08-06T18:05:26","date_gmt":"2020-08-06T15:05:26","guid":{"rendered":"https:\/\/investors.bittnet.ro\/?p=8563"},"modified":"2020-08-18T13:43:30","modified_gmt":"2020-08-18T10:43:30","slug":"convertible-loan-option-equatorial","status":"publish","type":"post","link":"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/","title":{"rendered":"Convertible Loan Option Equatorial"},"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 SA (hereinafter referred to as \u201cthe Company\u201d) informs investors about the exercising the option for convertibility into shares, of the loan amounting RON 1,050,000 , granted to Equatorial Gaming SA and the registration at the Trade Register of the new capital structure of Equatorial. Following the activation of the option, Bittnet holds a number of 55,227 Equatorial shares representing 44.9995% of the share capital and voting rights. The loan granted in August 2018 for a period of 3 years and with a fixed interest rate of 9% per year generated for Bittnet interest income of almost RON 148,000.<br \/>\nDuring 2018-2019 and compared to the capital initially invested in the acquisition of 24.9989% of Equatorial shares, the return on investment generated revenues for Bittnet in amount of 450,000 RON, representing an annualized ROI rate of over 20% &#8211; in line with the return on equity of Bittnet.<br \/>\nConsidering the return on investment, the issuer intends to fully acquire Equatorial Gaming SA and will take action in this regard, which could end with an investment Memorandum presented to the issuer&#8217;s shareholders and submitted for approval to a future GMS.<\/p>\n<p><a href=\"https:\/\/investors.bittnet.ro\/wp-content\/uploads\/2020\/08\/CR44-current-report-engl-2020.pdf\">Current report 44<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Bittnet Systems SA (hereinafter referred to as \u201cthe Company\u201d) informs investors about the exercising the option for convertibility into shares, of the loan amounting RON 1,050,000 , granted to Equatorial Gaming SA and the registration at the Trade Register of the new capital structure of Equatorial. Following the activation of the option, Bittnet holds a...","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-8563","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>Convertible Loan Option Equatorial - Bittnet Systems<\/title>\n<meta name=\"description\" content=\"Convertible Loan Option Equatorial - Bittnet Systems informs investors about the exercising the option for convertibility into shares\" \/>\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\/convertible-loan-option-equatorial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Convertible Loan Option Equatorial - Bittnet Systems\" \/>\n<meta property=\"og:description\" content=\"Convertible Loan Option Equatorial - Bittnet Systems informs investors about the exercising the option for convertibility into shares\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\" \/>\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=\"2020-08-06T15:05:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-18T10:43:30+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\"},\"author\":{\"name\":\"Lucian Bratu\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#\/schema\/person\/54d368673105e588c70afb8404cdf81b\"},\"headline\":\"Convertible Loan Option Equatorial\",\"datePublished\":\"2020-08-06T15:05:26+00:00\",\"dateModified\":\"2020-08-18T10:43:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#organization\"},\"articleSection\":[\"Current reports\",\"Latest news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\",\"url\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\",\"name\":\"Convertible Loan Option Equatorial - Bittnet Systems\",\"isPartOf\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/#website\"},\"datePublished\":\"2020-08-06T15:05:26+00:00\",\"dateModified\":\"2020-08-18T10:43:30+00:00\",\"description\":\"Convertible Loan Option Equatorial - Bittnet Systems informs investors about the exercising the option for convertibility into shares\",\"breadcrumb\":{\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/investors.bittnet.ro\/en\/convertible-loan-option-equatorial\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/investors.bittnet.ro\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Convertible Loan Option Equatorial\"}]},{\"@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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