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Report factoring extention

Release Date: 4/13/2017 12:49:35 PM

IRIS Code: 95DF2

Current report no. 12 / 2017


Current report according to:


Rulebook BVB for AeRO-ATS , Law 297/2004, ASF 1/2006

Date of report:


Name of the issuing entity:

Bittnet Systems S.A.


Bulevardul Iuliu Maniu nr. 7-11, sector 6, Bucuresti

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:

1,451,412.3 RON

The market where the securities issued are traded:

AeRO ATS Premium



Report factoring extention



Bittnet Systems S.A. (hereinafter referred to as the "Company") informs shareholders about the following operation regarding bank financing: signing the extention of the factoring contract with Unicredit Bank, regarding some of the Company’s customers. The guarantees for this product are the assignment of future receivables from customers. This financing product allows the Company to relieve pressure on it’s own cashflow while allowing for the payment terms required by customers.





Cristian Logofatu



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