The first proposal on the agenda envisages the approval of the carrying out of an issue program of non-convertible corporate bonds, with a maximum total value of RON 100,000,000 (one hundred million RON), each bond to be issued with a nominal value of RON 100 per bond, with a minimum maturity of 3 years and a maximum of 5 years, with a fixed or variable annual interest rate of up to 11%, to be offered to investors through a private placement or public offering.
Another two proposals regard an issue of convertible corporate bonds, with a value of RON100 million, and a non-convertible corporate bond issue, with a maximum total value of EUR20 million, with each bond set to be issue with a nominal value of EUR100 per bond, with a minimum maturity of 3 years and 5 years, with a fixed or variable annual interest rate of up to 9%.
The issuance of the bonds will be carried out depending on the market conditions and the financing needs of the Company, within a single bond issue or through several issues, within an offering programme.
Bittnet in the first half of 2022 reported consolidated revenues of RON70 million, up 45% from the year-earlier period, but switched to losses, with a negative result of RON557,529, from RON1.5 millon net profit in 1H/2021. H1/2022 operating profit more than tripled, to RON3.6 million.
(English version by Catalina Apostoiu)