Category Archives: Financial Statements

Financial Statements

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Digi Communications N.V. updates its 2022 Financial Calendar

BUCHAREST, Romania, 28-Jul-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) informs its shareholders and investors of the update of its 2022 Financial Calendar, in particular regarding the date of publication of the updated Annual Report 2021 (with the Company’s statutory consolidated and stand-alone financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union (“EU”) and Part 9 of book 2 of the Dutch civil code) and the date of holding the General Meeting of Shareholders approving such report.

The change in the 2022 Financial Calendar is due to the fact that the audit process of the Company has not been finalised in the initially estimated timeline despite the sustained efforts from both the Company’s and the auditor’s side, the delay being determined by the timeline of the appointment of the Company’s auditor for 2021 and the corporate changes within the Group (i.e., the sale of the Company’s Hungarian operations), which require the allotment of additional time.

The updated 2022 Financial Calendar is presented in the table below:

EVENT DATE
Publication of 2021 Preliminary Results 28 February 2022
Conference call for the presentation of the 2021 Preliminary Results 28 February 2022
Publication of Quarterly Financial Report for the First Quarter, 2022 (“Q1 2022”) ended 31 March 2022 16 May 2022
Conference call for the presentation of the Quarterly Financial Report for Q1 2022 17 May 2022
Publication of the Annual Report 2021 (including Digi NVs Consolidated financial statements issued as per IFRS EU) 27 May 2022
Publication of Financial Report for the First Half of 2022 (“H1 2022”) ended 30 June 2022 12 August 2022
Conference call for the presentation of H1 2022 Financial Report 12 August 2022
Up-date of the Annual Report 2021 (with Digi Communications NV’s statutory consolidated and stand-alone financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union (“EU”) and Part 9 of book 2 of the Dutch civil code) 16 September 2022
General Meeting of Shareholders 31 October 2022
Publication of Quarterly Financial Report for the Third Quarter, 2022 (“Q3 2022”) ended 30 September 2022 15 November 2022
Conference call for the presentation of the Quarterly Financial Report for Q3 2022 15 November 2022

For additional information, please visit:

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

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment, Loans, Money, Revenues, Stocks, Trading

Digi Communications N.V. amends the EUR 128 million loan agreement for its Spanish subsidiary

BUCHAREST, Romania, 27-Jul-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that on 27 July 2022, the Company’s Spanish subsidiary, acting as a borrower (the “Borrower”) together with the Company and RCS&RDS as original guarantors, ING Bank N.V. as sole bookrunner and mandated lead arranger and a syndicate of banks, acting as lenders, entered into an amendment agreement (the “Amendment Agreement”) to the facility agreement dated 26 July 2021 (the “Original Facilities Agreement”), under which was made available to the Company’s Spanish subsidiary an additional term loan facility in a total aggregate amount of EUR 128,000,000, for a period equal to five years, until 30 June 2027.
The borrowed amount of the new term loan facility will be used by the Borrower for the financing of capital expenditure in Spain and associated personnel costs.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks

Citymesh Mobile, a joint venture between Digi Communications N.V.’s subsidiary RCS & RDS and Citymesh, to pay EUR 114 million for frequency user rights as part of its winning bid in 5G auction in Belgium

BUCHAREST, Romania, 21-Jun-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that on 21 June 2022 Citymesh Mobile, a joint venture where the Company’s Romanian Subsidiary and Citymesh, a company incorporated in Belgium, part of the IT-group Cegeka have joint control (the “JV”), won the new entrant package spectrum plus 5G spectrum frequency user rights as consequence of participating in the auction organized by the Belgian Institute for Postal Services and Telecommunications (“BIPT”). Details regarding the JV and the development of the Belgian project shall be made available by the Company at appropriate stages. The JV will use 700 MHz, 900 MHz, 1800 MHz, 2100 MHz and 3600 MHz frequency bands allowing it to build a new (4th) national mobile network.

The total price that the parties of the joint venture will pay for the frequency user rights is EUR 114,330,000. The amount can be paid in installments during the lifetime of the frequency rights.

The frequency bands will be finally allotted through a decision to be taken by BIPT in the following period.

The Company welcomes BIPT’s decision which will allow the Group to expand its business on the Belgium market, in order to provide high quality affordable telecommunication services, based on the latest technologies.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Funding, Investment, Loans, Revenues, Stocks

Digi Communications N.V. announced the release of its 2021 Preliminary Annual Report

BUCHAREST, Romania, 28-May-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. would like to inform its shareholders and the investors that the 2021 Preliminary Annual Report is available as of 28 May 2022, on the Company’s website.

The updated version of the 2021 Annual Report (including Digi NVs Consolidated & Stand-alone financial statements issued as per Dutch GAAP) will be published on or before 29 July 2022 https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar
For details regarding the Preliminary 2021 Annual Report, please visit our website: www.digi-communications.ro/en/, under the section Investor Relations / Financial reports.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Stocks

Digi Communications N.V. grants conditional class B stock options shares to directors and employees

BUCHAREST, Romania, 20-May-2022 — /EPR FINANCIAL NEWS/ — The Company (Digi Communications N.V.) would like to inform the market and its investors that, on 19 May 2022, was granted, for the year 2022, a total amount of 130,000 conditional class B stock options shares to executive directors of the Company, pursuant to the decision of the Company’s general meeting of shareholders dated 18 May 2021 and a total amount of 91,700 conditional class B stock options shares to directors and employees of the Romanian Subsidiary of the Company, pursuant to the decision of the Company’s Board of Directors dated 19 May 2022.

The further vesting of all stock 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 the executive directors of the Company are available on the Company’s website at https://www.digi-communications.ro/en/see-file/Agenda-and-explanatory-notes-1.pdf (the Agenda and Explanatory notes published by the Company on 6 April 2021, Annex I).

In accordance with the applicable regulations, on 19 May 2022, the Company’s executive directors, as persons discharging managerial responsibilities, have notified the Company, the Romanian Financial Supervisory Authority (SFA) and Autoriteit Financiële Markten (AFM) 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.

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. corrects two clerical errors in its Q1 2022 Financial Report

Bucharest, Romania, 18-05-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform the market and its investors that, the Q1 2022 Financial Report was amended in order to correct the following clerical errors:

  1. In the English version of the Q1 2022 Financial report, at page 21, Under the line “Condensed Consolidated Statement of Comprehensive Income”, in the original version of the Q1 2022 Financial Report we presented the description pertaining to ‘Net profit attributable to owners’ under the line ‘Net profit Attributable to non-controlling interests’ and vice-versa. In the amended Q1 2022 Financial Report we have corrected the clerical error by reversing the description to the correct lines.
  2. In the English version of the Q1 2022 Financial report, at page 23, Under the line “Condensed Consolidated Statement of Changes in Equity”: the figure representing the movement in ‘Translation reserves’ was presented in the ‘Revaluation reserves’ column and the figure representing the movement in ‘Revaluation reserves’ was presented in the ‘Fair value reserves’ column, also the ‘Total’ lines had to be updated. Practically both figures were erroneously shifted to the right, and in the process also the ‘Total’ lines were affected. In the amended Q1 2022 Financial Report we have corrected this clerical error.
    For more details, please see the amended Q1 2022 Financial Report by accessing the link below:
    https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

About Digi Communications NV
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenues generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. posts its financial results for the first quarter of 2022

BUCHAREST, Romania, 17-May-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q1 2022 Financial results are available on the Company’s website.

For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

Also today, 17 May 2022 at 16:00 UK time / 18:00 EEST (Romania local time) it will host a conference call to discuss the Q1 2022 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 today, 17 May 2022, at 14:00 UK time / 16:00 EEST (Romania local time).

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Stocks, Trading

Digi Communications N.V. to host conference call for its 1Q2022 Financial Results on 17 May 2022

BUCHAREST, Romania, 10-May-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 17 May 2022, at 16:00 UK time / 18:00 EEST (Romania local time), it will host a conference call to discuss the Q1 2022 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 14:00 UK time/ 16:00 EEST (Romania local time) on 17 May 2022.

A recording of the conference call will be available on our website for 30 days: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania, having significant operations in Spain and being present in Italy and Portugal.

SOURCE: EuropaWire

Assets, Cryptocurrency, Financial, Financial Management, Financial Statements, Investment, Money

New platform to buy and sell tokens backed by a diversified portfolio of U.S. real estate

ATLANTA, GA, United States, 2-May-2022 — /EPR FINANCIAL NEWS/ — Yield Crowd is an online portal to buy and sell tokens backed by a diversified portfolio of U.S. real estate. Yield Crowd has just finished it’s tokenization of a U.S. $50M portfolio of real estate as YIELD tokens on the Stellar blockchain.

Commenting on Yield Crowd’s ongoing momentum, Chief Executive Officer Amariah Olson stated, “Being huge believers in technology and the future, and witnessing first-hand the transactional friction and liquidity issues in the incumbent real estate private equity sector, we are very excited to be bringing Blockchain technology to the real estate space and to offer the world’s first portfolio of institutional assets tokenized on the blockchain. We are doubling down to become the leading tech pioneers in the blockchain real estate space with our Yield Crowd platform, where buyers and sellers can come together to transact real estate backed tokens on-chain and earn dividends daily.”

Started by brothers Obin and Amariah Olson, their real estate company Olson Capital Investments began as a small private investment company, where they had large success in investing in and developing multifamily, office and retail properties. Prior to real estate, they were investing in and producing Hollywood films with global distribution, now they are primarily focused in the real estate space, currently holding over $50M in institutional class assets, where they have grown the equity at 154% per year through the acquisition of distressed and value-add deals.

The Olson’s recently acquired two retail car wash properties in Orange and Riverside County near Los Angeles, CA, valued at over $33,000,000. They closed the deal with $15M of debt from T bank, and are currently under contract on a 121-room Hotel in Arizona, and 130 additional apartment units in Texas. Diversifying into retail and hotels is part of the company’s short-term strategy to boost its portfolio’s cash flow to help finance the Yield Crowd platform and pay dividends to token holders. YIELD token will initially be a regulation S exempt offering, available to non-U.S. investors. The Tokens are backed by corporate bonds set to receive excess income from the Olson’s private real estate portfolio and will be available on the yieldcrowd.com platform, where token holders can earn a target 8.75% return.

Olson further comments, “In the coming years, Yield Crowd will be positioning itself to be the go-to online real estate investment. Unlike the incumbent real estate funds, which often require an investor to tie up their capital in the fund for 7-10 years, YIELD tokens are freely tradable between owners on the Stellar decentralized exchange. This flexibility is going to make a huge impact in the real estate industry over the next 3-5 years, and we are positioned to be at the forefront as the industry transitions to the blockchain paradigm.”

The Olson’s have completed over 20 real estate investments in Office, Residential, Multifamily, and Retail, totaling over $80 million in transactions, which they have privately financed using their own equity and institutional debt.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Trading

Digi Communications N.V. amends its 2022 Financial Calendar

BUCHAREST, Romania, 28-Apr-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform its investors and the market that there has been an Amendment regarding its 2022 Financial Calendar.

The new 2022 Financial Calendar is available on the official website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Funds, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. 2021 Preliminary Financial Results released

BUCHAREST, Romania, 28-Feb-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the 2021 Preliminary Financial Results are available on the Company’s website.

For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares

Also, on 28 February 2022 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the 2021 Preliminary 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 28 February 2022.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. to host a conference call for its 2021 Preliminary Financial Results on 28 February 2022

BUCHAREST, Romania, 22-Feb-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 28 February 2022 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the 2021 Preliminary Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/ro/see-file/Conf-Call-2021-Preliminary-Results-log-in-details.pdf and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 28 February 2022.

A recording of the conference call will be available on our website for 30 days: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Statements, Investment, Money, Stocks, Trading

Digi Communications N.V. CEO Serghei Bulgac sold 17,537 class B shares held in the Company’s share capital

BUCHAREST, Romania, 28-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that, in accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company, notified the Company in connection with the sale, on January, 25, 26 and 27, 2022, of a number of 17,537 class B shares held in the Company’s share capital.

In connection with this transaction, Mr. Serghei Bulgac notified also the Romanian Financial Supervisory Authority (ASF) and the Dutch Authority for the Financial Markets (AFM). Mr. Serghei Bulgac fulfilled the notification requirements under the Company’s internal policies.

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

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Loans, Money, Trading

Digi Communications N.V. made partial repayment of its financial debt in the amount of EUR 272 million

BUCHAREST, Romania, 20-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform its investors and the market that, during the period between January, 3, 2022, the date of the closing of the transaction entered into between the Company’s Romanian subsidiary (RCS&RDS) and 4iG Plc regarding the Group’s Hungarian operations, and January, 19, 2022, the Company and its subsidiaries made a partial repayment of the Group’s financial debt in the aggregate amount of EUR 272,017,424.

SOURCE: EuropaWire

Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. 2022 Financial Calendar available on its website

BUCHAREST, Romania, 11-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform its investors and the market that the Financial Calendar for 2022 is available on the official website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Trading

Digi Communications N.V.: RCS&RDS wins the frequency rights in the 800 MHz, 2600 MHz and 2600 MHz in Romania

BUCHAREST, Romania, 28-Oct-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that on October, 27, 2021, the Portuguese Authority for Telecommunications (ANACOM) finalised the auction which began on December 22, 2020, for the allocation of the frequency user rights in the 700 MHz, 900 MHz, 1800 MHz, 2.1 GHz, 2.6 GHz and 3.6 GHz bands.

ANACOM designated the Group’s Portuguese subsidiary, Dixarobil Telecom, Sociedade Unipessoal, Lda. (Dixarobil) as winner of the frequency user rights in the 900 MHz (2×5 MHz), 1800 MHz (2×5 MHz), 2.6 GHz (2×5 MHz FDD and 25 MHz TDD), 3.6 GHz (40MHz) bands. The total price of the frequency user rights is EUR 67.34 million.

The user rights will be finally allotted thorough a decision to be taken by ANACOM’s Board of Directors, in the following period.

The Company welcomes ANACOM’s decision which will allow the Group to expand its business on the Portuguese market, in order to provide high quality, affordable telecommunication services, based on the latest technologies.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. posts its Q3 2021 Financial Results

BUCHAREST, Romania, 12-Nov-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q3 2021 Financial Results are available on the Company’s website at:

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

Also, today at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss the Q3 2021 Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/see-file/Conf-Call-Q3-2021-Financial-Results-log-in-details.pdf and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time).

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Trading

Digi Communications N.V. to hold its Q3 2021 financial results Investors Call on 12 November 2021

BUCHAREST, Romania, 4-Nov-2021— /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Thursday, 4 November 2021, at 12:00 PM CET, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s extraordinary general meeting (the EGM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 23 September 2021 (the Convocation Notice).

The EGM was attended by shareholders representing 74.61% of the total number of shares with voting rights, respectively 70,843,023 shares.

Following the debates, the EGM has adopted the following decision regarding the point included on the agenda, in accordance with the Convocation Notice:

  • Appointment of Statutory Auditor – KPMG N.V. as statutory auditor for the 2021 financial year.

The voting results of the EGM, as well as other relevant information on the EGM and the related documents are available on the Company’s website at the section dedicated to the EGM: digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-egm-2021

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Trading

Digi Communications N.V. EGM appointed KPMG N.V. as statutory auditor for FY 2021

BUCHAREST, Romania, 4-Nov-2021— /EuropaWire/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Thursday, 4 November 2021, at 12:00 PM CET, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s extraordinary general meeting (the EGM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 23 September 2021 (the Convocation Notice).

The EGM was attended by shareholders representing 74.61% of the total number of shares with voting rights, respectively 70,843,023 shares.

Following the debates, the EGM has adopted the following decision regarding the point included on the agenda, in accordance with the Convocation Notice:

  • Appointment of Statutory Auditor – KPMG N.V. as statutory auditor for the 2021 financial year.

The voting results of the EGM, as well as other relevant information on the EGM and the related documents are available on the Company’s website at the section dedicated to the EGM: digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-egm-2021

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks

The Bucharest Court of Appeal quashed the Bucharest Tribunal decision against RCS & RDS S.A.

BUCHAREST, Romania, 1-Nov-2021 — /EPR FINANCIAL NEWS/ — In connection with the investigation triggered by the Romanian National Anti-Corruption Directorate (“DNA”), which we have previously disclosed to the market and to our investors in the initial public offering prospectus dated 26 April 2017, in the supplemental prospectus dated 8 May 2017, as well as in the subsequent public reports, the Company would like to inform its investors and the market that, based on the information published on the official platform of the court on November, 1, 2021, the Bucharest Court of Appeal granted, amongst other appeals, the appeals of RCS&RDS S.A., Integrasoft S.R.L. and of certain directors.

The Court of Appeal quashed the decision of the Bucharest Tribunal from January, 15, 2019 in its entirety. The judgement is final and no remedy against this decision is admissible at this point.

The file will be sent for retrial, to the competent court, which is the Bucharest Court of Appeal, starting with the procedure of the preliminary chamber.

As we stated since the beginning of this investigation, it is our firm belief that RCS&RDS S.A., Integrasoft S.R.L. and their current and former officers have acted appropriately and in compliance with the laws. We have faith in the Romanian legal system and in a correct solution in this case following its retrial by the competent court.

SOURCE: EuropaWire