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BITTNET SYSTEMS SA - BNET

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

11.06.2021

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

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.

 



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