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Signing a banking product guarantee letters Dendrio Solutions Banca Transilvania

Release Date: 12/21/2018 6:00:00 PM

IRIS Code: E7C71

Current Report no. 36 / 2018

Current report according to:


Rulebook BVB for AeRO-ATS, Law 24/2017, ASF 5/2018

Date of report:


Name of the issuing entity:

Bittnet Systems S.A.


Soimus Street, no. 23, bl. 2, Sc. B, 2nd Floor, Ap. 24, District 4

Tel/fax number:

0040 21 527 16 00 / 0040 21 527 16 98

Single Registration:

RO 21181848

Number with the Trade Registration:


Subscribed and paid share capital:

5,175,523.80 RON  

The market where the securities issued are traded:

AeRO ATS Premium



 Signing of a banking product for guarantee letters 

Dendrio Solutions – Banca Transilvania


BITTNET SYSTEMS S.A. (hereinafter referred to as "the Company") informs the shareholders about contracting of a ceiling product by Dendrio Solutions SRL from Banca Transilvania. The total value is RON 1,000,000 with a maturity of 15 months and allows quick access to the following facilities:

        Corporate credit line;

        Different types of non-cash Guarantee Letters (bank guarantee letters, performance letters, vendor payment guarantee, prepayment, etc.)


The interest for this banking product is: ROBOR3M + 3.8% and is based on the actual value used. The guarantees are as follows:

        Mortgage loan to Dendrio Solutions accounts opened at Banca Transilvania;

        Guarantee from Bittnet Systems

The Beneficiary intends to use this banking product to stop “blocking” its own cash to issue Guarantee Letters and to unlock the current guaranteeing instruments of this kind. Bittnet Systems is the Sole Associate of Dendrio Solutions.


Cristian Logofatu,




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