If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
| October 18, 2021 |
Market Status: Closed
Login Register

Market News


BITTNET SYSTEMS SA - BNET

Credit contract extension - Dendrio Solutions

Release Date: 7/23/2021 6:00:18 PM

IRIS Code: A2B07

 

Current Report nr. 41 / 2021

 

Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report

23.07.2021

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

BNET23, BNET23A, BNET23C – bonds

Subscribed and paid share capital

48,043,690.40 RON

Total number of shares

395,565,240 shares face value RON 0.10 per share[1]

 

 

Credit contract extension – Dendrio Solutions

 

BITTNET SYSTEMS S.A. (hereinafter referred to as the “Company” / “Issuer”) informs investors about the signing of the additional agreement for credit line extension - revolving overdraft - contracted by Dendrio Solutions from ProCredit Bank in July 2019.

The extension was made for a period of 24 months and under the same conditions as the initial credit agreement:

        total value: RON 4,500,000;

        destination: financing the working capital and the current activity;

        maturity: 24 months with the possibility of extension;

        interest rate: ROBOR3M + 2.4% per year;

Guarantee structure:

        collateral cash deposit: 10% of the credit value;

        parental guarantee from Bittnet Systems SA;

        guarantee based on the “SME Initiative” program, financed by the European Union through ERDF and by the European Investment Fund and the European Investment Bank;

        mortgage on Dendrio Solutions SRL bank accounts at ProCredit Bank.

Bittnet Systems owns 100% of Dendrio Solutions shares.

 

 

 

President of the Board

Mihai Alexandru Constantin Logofatu

 

 



[1] At the publication date of this current report, the Company has in process of registration with FSA and Central Depository two capital increase operations registered at the Trade Register - from August 2020 (according to BoardDecision no. 7/18.08.2020) and December 2020 (according to Board Decision no. 10/17.12.2020). At Trade Register, the Company has a share capital composed of 480,436,904 shares after processing the capital increase operations according to EGMS Decisions no. 2 and 3 from 27 April 2021.

 



 Print

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