Sunday | August 14, 2022 |
Market Status: CLOSED

Market News


Option results according to Decision no. 2 EGMS from 20.04.2022

Release Date: 8/5/2022 8:32:53 AM

IRIS Code: 04E39


Current Report nr. 34 / 2022


Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report


Name of the issuing entity


Legal Adress

Str Sergent Ion Nutu, nr. 44, One Cotroceni Park, Corp A si Corp B, etaj 4, sector 5, Bucuresti


Str Sergent Ion Nutu, nr. 44, One Cotroceni Park, Corp A si Corp B, etaj 4, sector 5


021.527.16.00 / 021.527.16.98

Fiscal Code


Number with the Trade Registration


The market where the securities issued are traded:

Segment: BSE Main Market; Category: Standard


BNET – shares

BNET23, BNET23A, BNET23C – bonds

Subscribed and paid share capital

52.848.059,50 RON

Total number of shares

480.436.904 shares face value RON 0.10 per share



Option results according to Decision no. 2 EGMS from 20.04.2022


BITTNET SYSTEMS S.A. (hereinafter referred to as “Company” / “Issuer”) informs investors about the results of the options process regarding the share capital increase according to EGMS Decision no. 2 of April 20, 2022 and to the additional option procedure for its implementation.

Thus, the shareholders at the registration date – July 21, 2022 – were able to express their option between leaving the newly issued shares at the disposal of the Company and receiving a cash distribution in the amount of RON 0.15, thus choosing to support the company in the obligations assumed through the incentive programs OR to be allocated a free share after issuing a new registration certificate (CIIF) from the FSA.

During the voting process, from July 27 to August 4, at 17:00, the Issuer received a number of 234 options, from 234 shareholders, representing a total of 205,693,904 voting rights, i.e. 43.34% of the total voting rights of the Issuer. Among the options expressed, 105 shareholders representing 175,297,189 of voting rights, i.e. 36.93% of the total voting rights, opted for: OPTION 1 – for cash distribution. The company will transfer to these shareholders the amount of RON 2,629,453.80 starting with September 12, 2022, through the Central Depository system, with Banca Transilvania as the payment agent. Shareholders who voted for cash distribution will receive the amounts in the IBAN account indicated to the company by email, or during the registration process in the online voting platform.

Shareholders who have not submitted an IBAN account will be able to collect the amounts from any agency of Banca Transilvania, with an identity document. The shareholders who voted 'against' or 'abstain', as well as those who did not take any steps to vote, will not benefit from the cash distribution, and their shares will be allocated to them in Section 1 of the Central Depository, after the issuance of the registration certificate by FSA. The allocation of shares will be done, estimated, on September 12. The Central Depository will charge then a number of 17,529,692 treasury shares to the Issuer's account.

The Issuer will inform the Market, through current reports, related to the implementation stages of the operation and the issuance of the new CIIF by the FSA, a necessary step for the allocation of the new shares.


President of the Board

Mihai Alexandru Constantin Logofatu



Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved