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Wednesday, October 18, 2017 
Market Status: OPEN
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Bittnet issues pre-emptive rights

10/2/2017

Bittnet (BNET) issues new pre-emptive rights for existing shareholders by May 22, 2017. A number of 14.514.123 rights will be available on AeRO market between 3rd and 16th of October 2017.

Bittnet (BNET) has decided to issue pre-emptive rights as part of a share capital increase. Over 1.4 million shares will be offered in two stages. The first stage of the share capital increase aims at offering shares solely to the owners who already have pre-emptive rights. The new shares will be subscribed proportionally to the number of pre-emptive rights at a rate of 10.25 rights per 1 share, between October 23 – November 22, 2017. The qualified investors and/or a number of maximum of 150 retail investors will be able to buy any unsubscribed shares as part of the second stage of the offer. The Romanian IT services provider plans to use the money to increase the working capital and to expand the company’s activities.

The offer is intermediated by SSIF Goldring S.A.