Brothers Cristian and Mihai Logof\u0103tu, founders of the IT group of companies Bittnet Systems (BVB: BNET), requested completing the agenda of the company’s general meeting of shareholders scheduled for October 21 with a vote on the launch of two bond schemes of maximum sizes of RON 100 million (EUR 20 million) and EUR 20 million, respectively, according to a note to investors.<\/p>\n
Currently, Bittnet Systems has five bond issues listed on the Bucharest Stock Exchange.<\/p>\n
The company\u2019s market capitalisation is RON 73 million (EUR 14 million), after the price of its shares dropped by 41% y\/y. The company’s shares are trading up 14% in the last week on the back of the announcement of a RON 143 million contract signed by digital infrastructure division Dendrio Solutions.\u00a0<\/p>\n
The proposed programs provide for non-convertible issues with a nominal value of RON 100, respectively EUR 100 per bond, with maturities between 3 and 5 years and fixed or variable interest rates of up to 12% per year.\u00a0<\/p>\n
The bonds will be “offered to investors through a private placement or a public offering. The bond issue may be carried out depending on market conditions and the financing needs of the company, within a single bond issue or through several issues, within an offering program,” the report reads.<\/p>\n
The Logof\u0103tu brothers directly own 17.67% of Bittnet. The shareholders also include Agista Investments (13.75%) and Impetum (13.3%).<\/p>\n
In H1\/2025, Bittnet widened its losses to RON 17 million, from a negative net result of RON 4.5 million in the same period last year. Consolidated revenues amounted to RON 103.9 million (EUR 20 million), down 38% y\/y.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Facebook\/Bittnet)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Brothers Cristian and Mihai Logof\u0103tu, founders of the IT group of companies Bittnet Systems (BVB: BNET), requested completing the agenda of the company’s general meeting of shareholders scheduled for October 21 with a vote on the launch of two bond schemes of maximum sizes of RON 100 million (EUR 20 million) and EUR 20 million, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6715","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6715"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6715\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}