November 1st 2016 Shareholder Meeting Notice

The Sole Administrator of BITTNET SYSTEMS S.A., a Romanian legal entity, with headquarters  in  Bucharest, Str. Şoimuş no. 23, Bl. 2, Sc. B, Ap. 24, 040704 – Sector 4, with offices and mailing address in Bucharest, Bd. Iuliu Maniu no. 7, et. 1, 061072 – Sector 6, registered in Trade Register Office under number: J40/3752/22.02.2007, Sole Registration Code: RO21181848,

CONVENES

The Extraordinary General Meeting of Shareholders of BITTNET SYSTEMS on the 01st of November 2016, 11.00 o’clock (Romanian time) at the Company’s offices: Bucharest, Bd. Iuliu Maniu no. 7, et. 1, sector 6,  for all persons registered as shareholders of the Company on the 21st of October 2016 (the Reference Date) in the Register of Shareholders kept by Central Depository S.A. (Depozitarul Central). Only those persons that have the quality of shareholder at end of the Reference Date have the right to participate and vote at the EGMS.

More info about the EGSM can be found HERE.

Meeting Notice and Current Report

Current Report 17 – Bond Listing

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Bucharest Stock Exchange the decision of admission to trading of the BNET19 bonds.

The issue consists of 4186 bonds with a face value of 1000 RON, a maturity of 3 years (until July 2019) and an annual coupon of 9%, payable quarterly.

The first day of trading will be Wednesday, September 28th and the ticker will be BNET19. The trading launch event will take place at the Bucharest Stock Exchange, 14th floor, starting with 09:30 AM.

CR17 current report – bond listing

Semi Annual Report – June 30th 2016

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the publication of the Semi Annual Report for the period January 01 – June 30th 2016.

Attached are the Report and Annexes (Financial Results, etc)

CR16 availability of semi annual report 2016

Support Documents 

 

CR15 / 2016 – New Certificate of Registration of Securities

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Financial Supervision Authority – ASF – the Certificate of Registration of Securities number AC-4149-2 of August 18th 2016, certifying the registration of the share capital increase with a number of 9.000.766 free shares issued as a result of the General Shareholder Meeting decisions on April 28th 2016.

The Company continues the registration process, the next step being the registration with the Central Depository.

CR15 raport curent current report certifica inregistrare valori mobiliare majorare 2-1 gratuite

Current Report 14 – Reverse Factoring and Repayment of Raiffeisen Loan

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the successful undertaking of the following operations regarding bank financing:

  1. Signing a ‘reverse factoring’ contract with BRD-GSG regarding Bell Microsystems LTD – a customer of the Company. The guarantees for this product are the assignment of future receivables from the Customer and pledge on the Company’s accounts opened at BRD-GSG. This financing product allows the Company to relieve pressure on it’s own cashflow while allowing for the payment terms required by the customer.
  2. Repayment in full, from own sources, of the working capital loan contracted in 2014 from Raiffeisen Bank. The repaid amount was RON 163.056,06, but the Bank has released a collateral deposit of RON 70.000 as a result of the repayment, so the net cash effect of the operation was RON 93.056,06.

CR14 raport curent current reverse factoring bell si rambursare credit raiffeisen

Current Report 13 – Successful offer of corporate bonds

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the successful undertaking of a sales offer via private placement of corporate bonds, according to the Resolution no. 9 of the Extraordinary Shareholders Meeting of April 28th 2016.

The intermediary for the private placement is BRK Financial Group. The bonds have a face value of RON 1000, a maturity of 3 years and a yearly coupon of 9%, payable quarterly.

A total of 4186 bonds have been subscribed, which brings the total of money raised in the operation to RON 4.186.000. There were 36 subscriptions by natural persons and 4 by companies.

The money will be used by the company for the financing of current activities, with a potential of replacing bank financing, and to finance the accelerated growth plans of the Company.

In accordance to the resolution of the Extraordinary Shareholders Meeting, the Company will begin the process of listing the bonds issue on the ATS market operated by the Bucharest Stock Exchange.

Current Report 12 / 2016 – Trade Registry Mentions

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about receiving from the Trade Registry the Certificate of Registration of Mentions numbered 216431, which attests the registration in the Trade Registry of the Shareholder Meeting Decisions of 28th April 2016, regarding the capital increase with free shares and the actualized form of the Shareholder Agreement.

The actualized form of the Shareholder Agreement can be found on the Company’s Investor Relations website HERE.

Current Report CR 12 BNET – Trade Registry Registration of new shareholder agreement, capital increase with free shares

Annual Report 2015 and additional documents

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the Annual Report for 2015 and additional documents:

BNET-Annual report 2015 cu anexe

Current report no 11/2016 – General Shareholder Meetings Results

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the decisions adopted within the Ordinary and Extraordinary Shareholder Meetings held today, April 28th at the company’s offices in Bucharest, Sector 6, Bd Iuliu Maniu 7-11. Information below:

General Shareholder Meetings Results

Current report no 10/2016 – Signing a significant contract

Bittnet Systems S.A. (hereinafter referred to as “the Company”) informs the shareholders about the signing of a contract for delivering IT&C equipment and software to BITDEFENDER SRL with an estimated value of EUR 250.000. Information below:

Signing a significant contract