Tag Archives: directors

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

Two Directors of Digi Communications N.V. have exercised their stock options

BUCHAREST, Romania, 12-Jan-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that Mr. Valentin Popoviciu, Executive Director of the Company and Mr. Bogdan Ciobotaru, Non-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 18 May 2021 and in relation to which the above mentioned persons and the Company have concluded stock option agreements on 19 May 2021. In accordance with this stock option plan, the directors were granted 80,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 11 January 2023, Mr. Valentin Popoviciu and Mr. Bogdan Ciobotaru, 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.

On the same date the Company’s Board of Directors approved the grant of a number of 32,500 stock options within a stock option programme granted to the benefit of employees of the Company’s Romanian subsidiary, RCS & RDS S.A., pursuant to the Company’s Stock Option Plan.

The vesting of the options is conditional upon the fulfilment of the performance criteria, with the vesting period being set at a minimum of 1 year as of the grant date.

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

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

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

Digi Communications NV grants conditional stock options to several of its Directors

BUCHAREST, Romania, 20-May-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that, on 19 May 2021, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company), Mr. Valentin Popoviciu (Executive Director of the Company) and Mr. Bogdan Ciobotaru (Non-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 18 May 2021. The total number of options of class B shares granted as part of this stock option plan (applicable for the year 2021) amounts to 160.000. 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-1.pdf (the Agenda and Explanatory notes published by the Company on 6 April 2021, Annex I and II).

In accordance with the applicable regulations, on 19 May 2021, Mr. Serghei Bulgac, Mr. Valentin Popoviciu and Mr. Bogdan Ciobotaru, 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

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

Digi Communications NV: We will challenge the Bucharest Tribunal’s decision

BUCHAREST, Romania, 16-Jan-2019 — /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 16 January 2019, on 15 January 2019, the Bucharest Tribunal convicted RCS & RDS S.A. (the Company’s subsidiary in Romania – “RCS&RDS”) in connection with the offence of money laundering for which the court applied a criminal fine in the amount of lei 1,250,000. The Bucharest Tribunal’s decision also decided on the confiscation from RCS&RDS of an amount of Euro 3,100,000 plus lei 655,124 and it maintained the seizure over the two real estate assets first instituted by the DNA.

Integrasoft S.R.L. was convicted in connection with the offence of accessory to money laundering for which the court applied a criminal fine of lei 700,000. Mr. Bendei Ioan was convicted to a 4 years imprisonment sentence in connection with the offence of accessory to money laundering resulting from his capacity of director of Integrasoft S.R.L.

Mr. Serghei Bulgac (Chief Executive Officer and President of the board of directors of RCS&RDS), Mr. Mihai Dinei (member of the board of directors of RCS&RDS), as well as Mr. Alexandru Oprea(former Chief Executive Officer of RCS&RSD) were acquitted in connection with all the accusations brought against them by the DNA.

In the same case file, Mr. Dumitru Dragomir was convicted to a 4 years imprisonment sentence in connection with the offences of receiving of bribe and accessory to money laundering, Mr. Bădiță Florin Bogdan (director of Bodu S.R.L.) was convicted to a 4 years imprisonment sentence in connection with the offences of accessory to the receiving of bribe and to money laundering, the company Bodu S.R.L. was convicted in connection with the offences of accessory to the receiving of bribe and money laundering, while Mr. Bogdan Dumitru Dragomir was acquitted in connection with all the accusations brought against him by the DNA.

The decision also abolishes the joint-venture agreement from 2009 concluded between RCS&RDS and Bodu S.R.L., as well as all the agreements concluded between RCS&RDS, Bodu S.R.L. and Integrasoft S.R.L. in 2015 and 2016.

We deem the Bucharest Tribunal’s decision to be profoundly unjust, incorrect and ungrounded. This decision is neither final nor enforceable.

We will challenge this decision to the Bucharest Court of Appeal immediately. We trust that the Bucharest Tribunal issues its written decision within a reasonable timeframe, for a timely judgement of the case in the appeal, and that no further deferral is perpetrated.

We strongly restate that RCS&RDS, Integrasoft S.R.L. and their current and former officers have acted appropriately and in compliance with the laws, as we have argued since the beginning of this investigation. We express our belief in the justice in Romania and our trust that this case will be rightfully rebutted in the appeal.

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, Investment, Stocks, Trading

The parent holding company of RCS & RDS Digi Communications NV granted conditional stock options to several of its Directors

 

BUCHAREST, Romania, 20-May-2018 — /EPR Financial News/ — The Company would like to inform the market and its investors that, on 18 May 2018, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company), Mr. Valentin Popoviciu (Executive Director of the Company), Mr. Marius Vărzaru (Non-executive Director) and Mr. Bogdan Ciobotaru (Non-executive Director) have been granted by the Company conditional stock options pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018. The number of options of class B shares granted as part of this stock option plan (applicable for the years 2018 and 2019) amounts to a total of 686,090 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 http://www.digi-communications.ro/en/see-file/DIGI-_-AGM-2018-_-Agenda-and-explanatory-notes-21-03-2018.pdf (the Agenda and Explanatory notes published by the Company on 21 March 2018, Annex I and Annex II).

In accordance with the applicable regulations, on 18 May 2018, Mr. Serghei Bulgac, Mr. Valentin Popoviciu, Mr. Marius Vărzaru and Mr. Bogdan Ciobotaru, 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.

For additional information, please contact us at ipo.relations@digi-communications.ro.

SOURCE