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BITTNET SYSTEMS SA - BNET

Publication of the capital increase Prospectus and the operation calendar

Release Date: 1/11/2021 9:35:02 AM

IRIS Code: ADDEA

 

Current Report nr. 02 / 2021

 

Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report

11.01.2021

Name of the issuing entity

BITTNET SYSTEMS S.A

Legal Adress

Strada Soimus Nr. 23, Bloc 2, Apartament 24, Sector 4, Bucuresti

Adress

Blvd. Timisoara nr 26 Cladirea Plaza Romania Offices Spatiul PRO-01 Etaj 1 Sector 6, Bucuresti

Telefon/Fax

021.527.16.00 / 021.527.16.98

Fiscal Code

21181848

Number with the Trade Registration

J40/3752/2007

The market where the securities issued are traded:

Segment: BSE Main Market; Category: Standard

Ticker

BNET - shares

BNET22, BNET23, BNET23A, BNET23C – bonds

Subscribed and paid share capital

25.374.694,80 RON

Total number of shares

229.049.725 shares face value RON 0.10 per share[1]

 

 

Publication of the capital increase Prospectus and the operation calendar

 

BITTNET SYSTEMS S.A. (hereinafter referred to as "the Company") informs the investors about the publication of the Note on Securities and the Summary, documents prepared in order to establish the Prospectus related to the increase of the share capital through new cash contributions (“Prospectus”). The documents were approved by the Financial Supervisory Authority by Decision no. 16 / 07.01.2021. From the date of approval, the Note on securities and the Summary, together with the Universal Registration Document (approved by FSA Decision no. 867/15.07.2020) constitute the Prospectus for increasing the share capital with cash contribution according to the EGMS Resolution no. 4 from 29.04.2020.

The object of the increase operation is to issue 18,178,550 ordinary shares offered for subscription at the preferential price of 0.59 RON per share. The capital increase is made based on the preference right. For the purchase of a new share are necessary 7 preference rights/pre-emptive rights BNETR08.

According to the EGMS Decision no. 4 and the Prospectus, the preferential rights will be tradable for a period of 7 working days between: 14.01.2021 - 22.01.2021. At the end of the Trading Period, the BNETR08 holders will be able to buy shares directly from the Issuer, at the offer price of 0.59 RON per share, proportional to the number of rights held, for 30 days in the interval: 27.01. 2021 - 25.02.2021 (Stage 1 of the increase).

In order to find out how many new shares he is entitled to subscribe an investor, at the end of the BNETR08 rights trading period, he must divide the number of rights held by 7 and if the resulting number is not an integer, it will be rounded to minus to the next lower natural number.

The shares remaining unsubscribed after Stage 1, will be offered for sale to investors in a private placement and at a price higher than the offer price, according to the legal provisions.

The information necessary for the subscription for Stage 1 can be consulted in the Prospectus, accessing the documents below, on the Company's website in the "investors" section, as well as on the website of the Intermediary, SSIF Tradeville SA.

Event

Period

Trading period for pre-emptive rights BNETR08

14.01.2021 – 22.01.2021

Subscriptions during Stage 1 of the capital increase

27.01.2021 – 25.02.2021

Subscriptions during Stage 2 of the increase (private placement)

Maximum 5 working days after

Stage 1

 

 

President of the Board

Mihai Alexandru Constantin Logofatu

 



[1] The share capital registered at the Trade Register is 253,746,948 shares. At the time of this report, the Issuer has submitted to ASF the request to issue the CIVM for the entire capital.

 



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