Market News


Investment in Arctic Stream

Release Date: 6/11/2021 7:21:22 PM

IRIS Code: F0021


Current Report nr. 34 / 2021


Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report


Name of the issuing entity


Legal Adress

Strada Soimus Nr. 23, Bloc 2, Apartament 24, Sector 4, Bucuresti


Blvd. Timisoara nr 26 Cladirea Plaza Romania Offices Spatiul PRO-01 Etaj 1 Sector 6, Bucuresti


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

48,043,690.40 RON

Total number of shares

247.228.275 shares face value RON 0.10 per share[1]



Investment in Arctic Stream


BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs investors about the participation in the private placement offer of Arctic Stream S.A. (BSE ticker: AST). Following the pro rata allocation at the price of 25 ron/share, according to the document for participation in the private placement, the Issuer was informed on 11.06.2021 by the intermediary of this operation, SSIF Tradeville, that a number of 74,632 AST shares were allocated to its account, which represents 1.78% of the share capital and 1.78% of the company's voting rights.

The value of the investment in Arctic Stream amounts to RON 1,865,800. The management invested in this operation based on its mandate according to the Articles of Incorporation, and from a financial point of view, AST shares will be revalued according to market value (financial results will not be consolidated in the issuer's group results).



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.



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