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| May 25, 2022 |
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BITTNET SYSTEMS SA - BNET

Report status of subscriptions - capital increase Stage 1

Release Date: 2/26/2021 8:16:00 AM

IRIS Code: 29379

 

Current Report nr. 09 / 2021

 

Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report

26.02.2021

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

26.443.139,30 RON

Total number of shares

229.049.725 shares face value RON 0.10 per share[1]

 

 

Report status of subscriptions - capital increase Stage 1

 

BITTNET SYSTEMS S.A. (hereinafter referred to as "the Company") informs the investors about the results of the subscription process in Stage 1 of the capital increase operation with new contributions in cash, carried out between 27 January - 25 February 2021 and in which a number of 18,178,550 new shares was offered at a price of RON 0.59 per share.

During Stage 1, 121,513,994 preference rights have been subscribed resulting a total of 17,359,142 new shares, which represents 95,49% of the entire issue. The total amount of capital raised by the Company is RON 10,241,893.78.

In Stage 2 the Company will offer for sale the remaining 819,408 unsubscribed shares, within a private placement, at a price of RON 0.60 per share. Stage 2 of the capital increase will take place over a period of 5 working days starting with 26 February 2021 through SSIF Tradeville SA.

 

President of the Board

Mihai Alexandru Constantin Logofatu

 



[1] The share capital registered at the Trade Register is 264.431.393 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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