Market News


Signing of a significant contract Dendrio Solutions SRL

Release Date: 6/12/2019 6:00:09 PM

IRIS Code: 8A83B


Current Report no. 28 / 2019


Current report according to

Rulebook BVB for AeRO-ATS, Law 24/2017,

ASF 5/2018

Date of report


Name of the issuing entity


Legal Adress

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


Timisoara Blbv. no. 26, Plaza Romania Offices Building, 1st Floor, District 6, Bucharest


021.527.16.00 / 021.527.16.98

Fiscal Code


Number with the Trade Registration


The market where the securities issued are traded:

AeRO ATS Premium


BNET – shares

BNET22, BNET23, BNET23A, BNET23C – bonds

Subscribed and paid share capital

11.046.641 RON

Total number of shares

110.466.410 shares face value RON 0.10 per share



Signing of a significant contract –

Dendrio Solutions SRL




BITTNET SYSTEMS S.A. informs the investors about a significant contract signing by Dendrio Solutions SRL, company owned 100% by Bittnet Systems S.A.
·         Private customer: electricity distributor;
·         Contract object: software licensing;
·         Contract value: EUR 1,400,000;
·         Delivery time: July 2019 and January 2020;
·         Payment deadline: 90 days from delivery for a fraction of the project (aprox. EUR 80,000)
For the rest of the contract value, Dendrio Solutions will sign agreements with banks for factoring products regarding cash flow optimisation.
Also, because the bid was made in the national currency and the supplier's purchase is made in euros, Dendrio opened forward positions to cover the currency fluctuation risk, with the current EUR/RON rate 'blocked' on the supplier's invoices maturities.








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