Category Archives: Assets

Digi Communications NV: Digi Spain extends Spanish MVNO Agreement

BUCHAREST, Romania, 9-Oct-2020 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V.  (BVB: DIGI) (The Company) would like to inform its investors and the market that on October, 8 the Company’s subsidiary from Spain (Digi Spain) and Telefonica Moviles España, S.A. (TME) agreed to extend the duration of the agreement regarding Digi Spain’s access to TME’s radio spectrum and mobile communication network and infrastructure (“The Spanish MVNO Agreement”) until September 30, 2026.

About Digi Communications NV

Digi is the parent holding company of RCS & RDS, a leading provider of pay TV and telecommunications services in Romania and Hungary. In addition, RCS & RDS provides mobile services as an MVNO to the large Romanian communities living in Spain and Italy, and in Spain it also provides fixed internet and data and fixed-line telephony services.

SOURCE: EuropaWire

Syniti’s CEO TO CEO Podcast to feature in-depth, conversational interviews with leading CEOs

BOSTON, MA, U.S.A., 18-Sep-2020 — /EPR FINANCIAL NEWS/ — Syniti, a leader in enterprise data management, announced today the launch of a global weekly podcast series, the “CEO TO CEO Podcast.” This new podcast focuses on delivering exclusive insights for complex, C-suite challenges, including mergers, acquisitions and divestitures (MA&D). The series will feature interviews with some of the world’s top CEOs and thought leaders, many of whom led history-making transactions.

The podcast will launch Wednesday, September 23, 2020, featuring in-depth, conversational interviews with leaders like:

  • Joe Tucci, former Chairman of the Board of Directors, President and Chief Executive Officer of EMC Corporation, now Dell EMC, and Chairman and Co-Founder of Bridge Growth Partners
  • Paula Tolliver, former Corporate Vice President and CIO and CDO of Intel Corporation and former Corporate Vice President of Business Services and CIO at the Dow Chemical Company, and
  • Josh Moffitt, Founder and President of Silverton Mortgage

“History has proven that during times of rapid changes and unknowns, such as the 2008 financial crisis, organizations look to MA&D to both protect and grow their business,” said Kevin Campbell, CEO of Syniti and host of the podcast series. “We are pleased to launch this new podcast series to help companies face these challenges with an insider’s perspective, and help business become more resilient through M&A&D.”

According to EY’s Global Capital Confidence Barometer, in today’s economic environment, more than half of executives globally are opting to transform through transactions and plan an acquisition this year. McKinsey & Company also reported that companies that regularly and systematically pursue moderately sized M&A deliver better shareholder returns than companies that don’t.

“The complexities of MA&D are daunting every time,” said Chris Knerr, Syniti Chief Data Officer. “Data is increasingly essential to delivering successful transactions. We are bringing together leaders who have successfully led global transformations to dive deeper into the power of data to accelerate time-to-value and greatly reduce execution risk. With more than 24 years of business expertise in data and end-to-end conversion technology, we’ve seen firsthand how data can increase transparency, drive business value capture, and support integration strategies that speed and smooth business transactions of all sizes.”

According to Edison Research, podcasts reach over 100 million Americans each month. “Podcasts are available where the listener is, whether at home, commuting, in-between business meetings, after dinner or with early morning coffee,” said Rex Ahlstrom, Syniti Chief Strategy & Technology Officer. “By leveraging this medium, we can further help business leaders access critical insights from top M&A&D practitioners wherever they are – at home, in the office, or on-the-go.”

To learn more or to listen to Syniti’s CEO TO CEO Podcast please click the following links to subscribe – Apple PodcastSpotify and iHeartRadio.

To learn how Syniti’s expertise and end-to-end solutions master the complexities of M&A&D, please visit https://www.syniti.com/mergersandacquisitions.

SOURCE: EuropaWire

PixelPlex Announced a Successful Cryptocurrency Wallet Development

New York City, NY, 2020-Sep-15 — /EPR FINANCIAL NEWS/ — A custom software development company PixelPlex informed about completing their work on Qtum Wallet – a cryptocurrency mobile wallet for Android and iOS. The wallet is able to execute multi-currency transactions and has ERC20 token support, smart contact builder, and advanced security features.

The Qtum development goals

The company shared the details about their new project – Qtum mobile wallet for Android and IOS. Their goal was to build a secure user-friendly wallet for the Qtum blockchain platform with all necessary capabilities such as Touch ID, 2FA protection, and transaction templates. UI/UX design for Android and iOS was used for simple navigation. High security was provided by Shamir’s secret encryption and iOS Secure Enclave & Android KeyStore support.

The developers commented on how exactly they managed to achieve such high security in their cryptocurrency wallet development. With the implemented client-side encryption, the Qtum mobile wallet encodes private keys and all transaction data on the client’s mobile device. The user account, private keys, and all transactions are secured before any information reaches a third-party server. The wallet app is also backed with 2-factor authentication, PIN protection, an auto-lock feature, and Touch ID / Face ID biometric authentication.

Important features for performing crypto operations

Mobile wallet development was a complex task, and in the end, Qtum wallet included all the essential features for performing crypto transactions. The wallet is integrated with the top exchanges for crypto trading, works with multiple currencies, includes support for cold-storage account recovery, QR codes leading to a payment widget, and has NFC support to streamline payments. The client will also get notifications about completed transactions and exchange rate changes.

As a result, Qtum wallet from PixelPlex became an easy-to-use, but yet a powerful tool for multicurrency management and tamper-proof peer-to-peer transactions.

Via EPR Network
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Digi Communications NV 1H-2020 Financial Results now available

BUCHAREST, Romania, 14-Aug-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that H1 2020 financial results are available on the Company’s website.

For details, please see:

https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares

SOURCE: EuropaWire

Digi Communications N.V. will host conference call on 14 August 2020 to discuss H1 2020 financial results

BUCHAREST, Romania, 7-Aug-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 14 August 2020 (at 14:00 UK time / 16:00 EEST – Romania local time) it will host a conference call to discuss the H1 2020 financial results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 14 August 2020.

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Bitcoin Proof of Stake – BitcoinPoS – BPS

Dallas, TX, USA, 2020-Aug-04 — /EPR FINANCIAL NEWS/ — The Bitcoin core network today runs on the proof of work algorithm. It leaves the network open to the 51% attack, also it is costly to mine and harmful for the environment. The PoW mechanism has also been a hindrance to scalability.

However, numerous innovations are trying to deal with the issues, facing the Bitcoin network while preserving certain unique aspects of the original concept. For instance, the 21 million tokens supply along with the proven code-base that has been improved over a decade is worth preserving.

The Bitcoin Proof of Stake coin reserves the strongest aspect of the Bitcoin network with a flexible proof of stake algorithm. It presents a new paradigm in the utility of crypto. The Bitcoin PoS coin preserves everything that Bitcoin has while bringing new development to the blockchain technology.

Driving Mass Adoption
When Satoshi Nakamoto launched Bitcoin about a decade ago, his goal was mass adoption of crypto that would replace the current financial system. However, that goal has not been achieved. Many crypto projects in existence today have numerous issues that prevent mass adoption.

The Bitcoin PoS project aims to advance Satoshi Nakamoto’s vision of a decentralized financial network that is independent of centralized control. Bitcoin Proof of Stake is designed to be scalable and easy to use. The goal is to give access of banking services to billions of people globally. To achieve this, Bitcoin PoS aims to be a coin for ordinary retail payments.

About the Proof of Stake Mechanism
The Bitcoin network is secured using a proof of work mechanism. However, the PoW mechanism is energy-intensive and requires expensive mining rigs to secure. The proof of stake mechanism wants to replace how consensus is achieved. Instead of using PoW, the staker that generates a block has to provide proof that they have access to given number of coins.

Generating the block will entail the sending of coins to oneself, which proves ownership. The amount of coins needed for staking is determined via a difficulty adjustment model that is similar to the PoW mechanism. The goal is to ensure an approximate constant block time. Just like PoW, the block generation process will result in rewards via a transaction fee and supply model.

Bitcoin PoS Deals with the Bitcoin Centralization Problems
The Bitcoin network appears perfect to its proponents. However, it has a problem with centralization. The high cost of power and the expensive mining rigs mean that only a few select companies can afford to mine the BTC network.

The result is that only those with access to cheap power can secure the network. Today, most of those miners are located in China, which has led to a high concentration of mining power in one region. In effect, Chinese miners control the Bitcoin network. It was not the vision of decentralization that Satoshi Nakamoto had in mind.

To make the issue worse, the places where the cost of power is low also have highly authoritarian systems of government. Another issue is that in nations where the cost of power is high do not recognize BTC mining as a business. Thus, miners do not get access to subsidized power. It has led to the proliferation of mining cartels with some companies controlling as much as 5% of the mining power.

For retail miners, the only solution is to join mining pools, which effectively control all of the mining power of BTC. As a result, BTC is highly centralized in the current setup and it will only continue being centralized in the future.

Bitcoin PoS Solves the Issue
One of the issues that Bitcoin Proof of Stake solves is the cost of power. The proof of stake mechanism cuts the cost of power by 99%. As a result, it ensures that it will difficult from any entity to monopolize the network. The result is that Bitcoin PoS is achieving the vision of Satoshi Nakamoto.

The Current State of Bitcoin PoS
While Bitcoin Proof of Stake uses a proof of stake mechanism, the Bitcoin PoS still keeps up with upgrades to the Bitcoin network. Any upgrade made by the developers are added to the Bitcoin PoS blockchain. Today, the coin is tradable on crypto exchanges; it has a market price of USD 89.07 according to data on CoinMarketCap. It has a market cap of $308,995,384 and it is ranked at 40 by market cap in the world but actual raking on coinmarketcap.com is 205 because of their raking systems.

Via EPR Network
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Digi Communications N.V.: Independent Limited Assurance Report issued on 30 Jul 2020 now available on BVB, ASF and Dutch AFM

BUCHAREST, Romania, 30-Jul-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on July 30, 2020, the Independent Limited Assurance Report issued by the external auditor of the Company on 30 July 2020 regarding the information included in the current reports issued by the Company under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018 was made publicly available on the Romanian Stock Exchange (“BVB”) and the Company’s website, while also being available with the Romanian Financial Supervisory Authority (“ASF”) and the Dutch Authority for Financial Markets (“AFM”).

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

RCS&RDS gets anti-trust body approval for its deal with Akta Telecom, Digital Cable Systems and ATTP Telecommunications

BUCHAREST, Romania, 27-Jul-2020 — /EPR FINANCIAL NEWS/ — The Company would like to inform its investors and the market that on July 24, 2020, the Competition Council issued the decision no. 38/21.07.2020 („RCC Decision”), authorising the economic concentration acomplished by RCS&RDS through gaining sole control over certain assets pursuant to the agreements entered into on 28 November 2019 („Agreements”) between the Company’s Romanian subsidiary, hereinafter referred to as „Assignee” and Digital Cable Systems S.A., AKTA Telecom S.A., respectively ATTP Telecommunicatios S.R.L., hereinafter referred together as “Assignors”.

Under these Agreements, RCS&RDS will operate the networks of the Assignors and will provide communications services to the clients, in exchange of the payment by RCS & RDS of a rent.

The condition precedent under the Agreements of obtaining the Competition Council’s authorisation is now met; the non-object decision being subject to RCS&RDS complying with the commitments it had offered and that were accepted by the competition authority („Commitments”).

The Commitments were offered by RCS&RDS in order to address the Competition Council’s concerns regarding the merger and they are broadly two sided, refering to:

– the relationship between RCS&RDS and the clients who will become RCS&RDS customers pursuant to the Agreements, and

– the relationship between RCS&RDS and the Tv Channel providers.

The Commitments regarding the clients will be binding for a period of three years as of the date of the authorisation and they mainly refer to the undertaking made by RCS&RDS to upgarde the networks and to provide to at least 95% of the clients communications services of the same technical quality as offered to its existing customers. In addition, RCS&RDS has to offer to all customers the opportunity to benefit from the packages and prices offered by RCS&RDS to its existing customers and refrain from price increases during the three year period under review.

The commitment regarding TV Channel providers is binding for a five-year period as of the date of the authorisation. The commitment refers to the undertaking made by RCS&RDS that, in case it does not reach a commercial agreement with any TV Channel provider for inclusion of such channel into its Basic TV Package, then it will offer the provider the possibility to carry such channel as a pay tv offering which shall be provided to customers in exchange for an additional charge. The price of such pay tv channel will be mainly determined by the TV Channel provider.

For details regarding the reports, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Yann Magnan, former EMEA head at Duff & Phelps, joins 73 Strings, Financial Advisory powered by AI

AMSTERDAM, 9-Jun-2020 — /EPR FINANCIAL NEWS/ — Yann Magnan, who was earlier EMEA head of Duff & Phelps has joined 73 Strings as Co-founder and CEO. The firm which was mostly focused on developing products so far, will now deploy itself towards a complete solutions offering, including delivery of traditional financial advisory services with enhanced analytics powered by AI algorithms already embedded in the existing product suites.

Abhishek Pandey – Co-founder and Deputy CEO of 73 Strings said – “Yann is a former colleague and an established global leader. In his previous role, he was managing 27 offices and over 800 employees across service lines including Valuation, Disputes, Corporate Finance, Restructuring, Tax & Compliance. He has a strong vision of building a financial advisory business fused with the latest technology. His leadership allows us to bring more comprehensive solutions for our clients. The entire team at 73 Strings is looking forward to working under Yann’s leadership and providing a more comprehensive offerings to its clients leveraging Yann’s experience.”

Yann Magnan – “I am delighted to become part of this great project and the highly capable, unique, and ambitious team that have developed it until now. I think 73 Strings has everything that it needs to be an important building block of the vision I have been working on. With the pace at which AI is evolving, there is a clear opportunity to create a firm which can use this powerful tool and create an offering for our clients which can significantly improve financial analysis and inputs for investment and monitoring decision-making processes. I have a firm belief that technology can play a significant role in assisting advisory teams with execution of mundane work so they have more time to focus on what really matters and what they are best at, i.e. forming opinions and making decisions, ultimately delivering higher value for clients in the financial advisory industry.”

About 73 Strings
73 Strings has been set up to fuse the best in technology with a deep understanding of critical insights to make capital more efficient.

We understand and can manage complex financial and non-financial data. Our mission is to synthesize diverse data with expertise in financial advisory – to deliver clear thinking and aid sensible decision making. Many firms try to ‘bolt-on’ technology offerings. We want both advisory skills and the integration of technology to be at the core of our DNA – both for what we deliver to clients and how the firm is managed.

This allows us to be flexible, keep ahead of the market and continually embrace change – allowing for maximum future growth and investment, by making capital more efficient.

SOURCE: EuropaWire

Digi Communications NV Non-Executive Director exercised his stock options

The exercise is pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in accordance with the stock option plan approved at the level of the Company in 2017, as amended by the general meeting of shareholders dated 2 May 2018

BUCHAREST, Romania, 3-Jun-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that on 3 June 2020 Mr. Marius Catalin Vărzaru, Non-Executive Director and Vice-President of the Board of Directors of the Company, has exercised his stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in relation to which the above mentioned person and the Company have concluded a stock option agreement on 18 May 2018. In accordance with this stock option plan, Mr. Marius Catalin Vărzaru was granted 50,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 3 June 2020, Mr. Marius Cătălin Vărzaru, as person discharging managerial responsibilities in connection with the Company, has notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

A New Cryptocurrency – BitcoinPoS – Bitcoin Proof of Stake

Chicago, IL, 2020-Jun-1 — /EPR FINANCIAL NEWS/ — Investing in Bitcoin (BTC) is now expensive, and getting your own through mining is nearly impossible for the average person. However, a new opportunity can be found in Bitcoin Proof of Stake.

BitcoinPoS: The Best of Bitcoin and PoS
Bitcoin Proof of Stake (BTP) was created by a team of developers that recognized the capabilities of the Bitcoin code and sought to improve them. They did this by replacing Bitcoin’s Proof of Work consensus protocol with Proof of Stake, resulting in a new and improved coin called BTP.

Proof of Work has proven that it is a less efficient protocol when compared to PoS, as it moves slower, cannot be easily scaled, and can favor centralization.

To improve upon the unique features of the Bitcoin code, the developers introduced Proof of Stake, thus creating a new coin, BTP, which challenges the boundaries of crypto functionality. If the Bitcoin core goes through an update, then BitcoinPoS will be immediately updated to include the new alterations.

The BitcoinPoS network can create no more than 21 million BTP. The new coins are generated not by mining, but through staking. The supply of BTP is managed from its protocol, which cuts the block reward once every 4 years by 25% every 700k blocks. BTC decreases with 50% of the reward every 4 years.

BitcoinPoS and Its Advantages

Pro-Decentralization Design
Mining is an energy-intensive process, as miners compete to be the first to solve the complex mathematical equations in order to get the block reward. In a Proof of Stake network, the stakers, or validators, can get new coins by keeping a number of BTP in an active wallet.

Due to its design, staking does not demand energy in high quantities, like in PoW systems. Most Bitcoin mining operations are now controlled by big companies, as only they have the capital to invest in many performant mining rigs. This leaves out regular people who cannot afford mining hardware, and thus the hashrate of the network becomes centralized, limited to only a few big mining farms. But with BTP, all users can stake coins, therefore, encouraging participation from more people and distribution of power throughout the network.

Resilience Against 51% Attacks
Centralization in PoW-based coins is an issue, as it leaves the network susceptible to a 51% attack, where one entity takes hold of 51% of the network hashrate. This person then has absolute power over the network and can manipulate transactions and block creation.

BitcoinPoS is resistant to 51% attacks, as the PoS protocol was designed to promote decentralization. BTP also uses a variation of the Proof of Stake model known as Mutualized Proof of Stake consensus, which is almost impossible to breach by an attacker, as it requires a lot of resources.

99% Reduction in Power Consumption
A PoS system does not need users to solve complex algorithms that are energy-consuming. This allows staking to be a more economical process of generating new BTP, using 99% less than Bitcoin mining.

Friendly to the Environment
All PoW mining operations are taxing on the environment because of its high energy consumption. Bitcoin PoS can function and issue new coins without the need for mining farms, and thus it is more eco-friendly.

Universally Accessible to Users
Setting up and managing a mining rig to mine Bitcoin is a big investment that not many people can afford. BTPs can be easily staked by all people, as a laptop or a personal computer is powerful enough to be used in staking.

Bitcoin Proof of Stake (BTP) allows all types of users to easily invest in a more efficient version of Bitcoin that carries with it all the perks of a PoS model.

Via EPR Network
More Financial press releases

Digi Communications N.V. grants stock options to certain employees and managers of its Romanian Subsidiary

BUCHAREST, Romania, 19-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that the Board of Directors of the Company has approved the grant of stock options for the benefit of certain employees and managers of RCS&RDS S.A., its Romanian subsidiary and of DIGISOFT IT SRL, a subsidiary of RCS&RDS S.A. The options granted are for a number of 185,500 Class B shares. The vesting of such options is conditional upon fulfillment of several performance criteria, with the vesting period being a minimum of 1 year.

SOURCE: EuropaWire

Digi Communications NV Executive Directors exercised their stock options

The exercise is pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in accordance with the stock option plan approved at the level of the Company in 2017, as amended by the general meeting of shareholders dated 2 May 2018

BUCHAREST, Romania, 15-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that on 15 May 2020, Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company and Mr. Valentin Popoviciu, Executive Director of the Company, have exercised their stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in relation to which the abovementioned persons and the Company have concluded stock option agreements on 16 May 2018, respectively on 18 May 2018. In accordance with this stock option plan, Mr. Serghei Bulgac was granted 170,000 shares, while Mr. Valentin Popoviciu was granted 90,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 15 May 2020, Mr. Serghei Bulgac and Mr. Valentin Popoviciu, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

SOURCE: EuropaWire

Digi Communications NV 1Q2020 Financial Results now available

BUCHAREST, Romania, 15-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Q1 2020 financial results are available on the Company’s website.

For details, please see:
http://www.digi-communications.ro/en/investor-relations

SOURCE: EuropaWire

Digi Communications NV Executive Directors Serghei Bulgac and Valentin Popoviciu granted conditional stock options

BUCHAREST, Romania, 14-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that, on 14 May 2020, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company) and Mr. Valentin Popoviciu (Executive Director of the Company) have been granted by the Company conditional stock options pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020. The number of options of class B shares granted as part of this stock option plan (applicable for the year 2020) amounts to a total of 130,000 stock options. The further vesting of all option shares granted will be conditional upon several performance criteria and the passage of a minimum duration of 1 year.

More details regarding the stock options granted to each of the above-mentioned Directors are available on the Company’s website at https://www.digi-communications.ro/en/see-file/Agenda-and-explanatory-notes.pdf (the Agenda and Explanatory notes published by the Company on 19 March 2020, Annex I).

In accordance with the applicable regulations, on 14 May 2020, Mr. Serghei Bulgac and Mr. Valentin Popoviciu, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the grant of the above-mentioned stock options and the execution between each of them and the Company of corresponding stock option agreements.

SOURCE: EuropaWire

Digi Communications N.V. will host conference call on May 15th 2020 to discuss Q1 2020 financial results

BUCHAREST, Romania, 8-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on May 15th 2020 (at 16:00 UK time / 18:00 EEST) it will host a conference call to discuss the Q1 2020 financial results.

To participate in the conference please follow the instructions from our website www.digi-communications.ro and pre-register for the call. The deadline for pre-registration is until 14.00 UK time/16:00 EEST on 15 May 2020.

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Digi Communications N.V. 2019 share dividend payment information

BUCHAREST, Romania, 6-May-2020 — /EPR FINANCIAL NEWS/ — The Company would like to inform its shareholders and the market that, on 6 May 2020, were made available the detailed instructions regarding the payment of the dividend in gross amount of 0.65 lei per share, as approved by the Company’s general shareholders’ meeting from 30 April 2020.

The detailed instructions on the payment of the dividend are available on the Company’s website, at the relevant „GSM” section – https://www.digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-gsm-2020 , as well as in the document attached below.

For additional information, please contact us at ipo.relations@digi-communications.ro. (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 27–30 Apr 2020 period

(PRESS RELEASE) BUCHAREST, Romania, 4-May-2020 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (UE) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 27 – 30 April 2020.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

Digi Communications N.V. 2020 AGM attendaned by shareholders representing 75,77 percent of the total number of shares with voting rights

BUCHAREST, Romania, 30-Apr-2020 — /EPR FINANCIAL NEWS/ —  Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Thursday, 30 April 2020, at 12:00 p.m. CEST, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s general shareholders’ meeting (the GSM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 19 March 2020 (the Convocation Notice).

The GSM was attended – either in person or by representative – by shareholders representing 75,77 % of the total number of shares with voting rights, respectively 71,401,050 shares.

Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:

2. The Annual Report of the Company for 2019 (item 2 from the Convocation Notice):

c. Adoption of the 2019 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 0.65 RON per share, ex-date – 15 May 2020. The GSM has approved to change the record date for the purposes of identifying the shareholders entitled to receive the dividend approved in the AGM, the new record date being 18 May 2020 (the first business day following the ex dividend date, i.e. 15 May 2020).
It is expected that the payment date will be on or around 29 May 2020;
e. Release from liability of the members of Board of Directors.

3. Application of the Remuneration Policy and Remuneration Report for 2019

a. Remuneration Report for 2019
The general meeting approved by an advisory vote the Remuneration Report for 2019 made public on the Company’s website. The Remuneration Report for 2019 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.
b. Approval of the new Remuneration Policy of the members of the Board of Directors

The general meeting approved the Remuneration Policy of the members of the Board of Directors, as updated in line with the requirements of the provisions of EU Directive 828/2017 as implemented in Dutch law. The new proposed Remuneration Policy is published on the Company website.

4. Appointment of Statutory Auditor – Ernst & Young Accountants, LLP, Netherlands.

5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares.

Designation of the Board of Directors as the competent body to repurchase own Class B Shares – based on this approval, the Board of Directors shall have the authority to acquire class B shares through purchases effected on the stock exchange, for the purposes of being granted to statutory executive directors, managers and employees of the group under the various stock option plans approved or to be approved by the Company, in accordance with the applicable legal provisions, for a period of 12 months from the date of the AGM (i.e., up to and including 30 April 2021).

The authority of the Board of Directors shall be limited to a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, 30 April 2020. The maximum purchase price per class B share shall at no times be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the Regulated Spot Market of the Bucharest Stock Exchange. The purchases will not exceed, on any trading day more than 25 % of the average daily volume of the shares on the Regulated Spot Market of the Bucharest Stock Exchange on which the purchase is carried out.

The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buy-back.

6. Re-appointment of the members of the Board of Directors

a. Re-appointment of Serghei Bulgac as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
b. Re-appointment of Valentin Popoviciu as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
c. Re-appointment of Zoltan Teszari as non-executive-director and president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
d. Re-appointment of Marius Catalin Varzaru as non-executive-director and vice-president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
e. Re-appointment of Bogdan Ciobotaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
f. Re-appointment of Piotr Rymaszewskias non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
g. Re-appointment of Emil Jugaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.

7. Approval of award of stock options to executive directors

The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the GSM: http://www.digi-communications.ro/en/general-share-holders.

Digi Communications N.V. also informs shareholders and investors that the approved Annual Financial Report for the year ended December 31, 2019 is available starting 30 April 2020, on the company’s website (www.digi-communications.ro), at section Investor Relations.

SOURCE: EuropaWire

DIGI COMMUNICATIONS N.V.: shares buy-back transactions for the 20–24 Apr 2020 period

BUCHAREST, Romania, 27-Apr-2020 — /EPR FINANCIAL NEWS/ — In accordance with the ASF Regulation no. 5/2018 and art. 2 of the Commission Delegated Report (UE) 1052/2016, DIGI COMMUNICATIONS N.V. reports to the regulated market (Bucharest Stock Exchange “BVB”, Romanian Financial Supervisory Authority “ASF”, the Dutch Authority for the Financial Markets “AFM”) the transactions which occurred under the DIGI symbol between 20 – 24 April 2020.

For details regarding the Notification of shares buy-back, please access the official website designated of Digi: www.digi-communications.ro (Investor Relations Section/Current Reports).

SOURCE: EuropaWire