The board of Aforti Holding SA (Issuer) would like to announce, that on May 31st 2016 it obtained information, that the Polish Financial Supervision Authority (PFSA) has revoked Aforti Securities SA’s (formerly known as Invista SA Brokerage House) license to conduct brokerage operations due to the Brokerage House’s breach of laws and regulations concerning capital adequacy norms. The Issuer holds 9.99% of Aforti Securities SA’s (formerly known as Invista SA Brokerage House) share capital. In the judgment of the Issuer’s board — due to the fact, that Aforti Securities SA (formerly known as Invista SA Brokerage House) is not a subsidiary company, and its results are not consolidated with those of Aforti Holding SA Capital Group — the revocation of the license to conduct brokerage operations will be of no significance for the financial, and legal situation of the Aforti Holding SA Capital Group. According to information obtained from the board of Aforti Securities SA (formerly known as Invista SA Brokerage House), the board of the Brokerage House plans to appeal PFSA’s decision.
Legal basis: Article 5, Paragraph 1, Subparagraph 1) and Paragraph 2 of the Exhibit 3 (“Current and Periodical Information in the Alternative Trading System on the NewConnect market”) to the Alternative Trading System Rules.
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