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Current Report no. 36 / 2018
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Current report according to:
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Rulebook BVB for AeRO-ATS, Law 24/2017, ASF 5/2018
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Date of report:
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21.12.2018
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Name of the issuing entity:
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Bittnet Systems S.A.
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Address
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Soimus Street, no. 23, bl. 2, Sc. B, 2nd Floor, Ap. 24, District 4
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Tel/fax number:
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0040 21 527 16 00 / 0040 21 527 16 98
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Single Registration:
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RO 21181848
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Number with the Trade Registration:
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J/40/3752/2007
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Subscribed and paid share capital:
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5,175,523.80 RON
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The market where the securities issued are traded:
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AeRO ATS Premium
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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,
CFO