The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public that on 12th September 2018, the Company received documents showing that on 7th September 2018, was made a registration of a new subsidiary of the Issuer, named Aforti Limited LCC headquartered in Limassol (Cyprus) (hereinafter: “the Subsidiary Company”).
Creating and registration of Aforti Limited LLC is connected with planned geographical expansion of the Aforti Group, led by the Issuer. Therefore, in the coming weeks, the Subsidiary will submit an application for obtaining a license of a payment institution, allowing, including handling payment orders. The Issuer will inform about the above license with a separate current message.
This step is implemeting the development strategy of the Aforti Group fo 2018-2020, published by the Issuer in the current report ESPI No. 11/2018 on April 5, 2018.
One of the objectives of this strategy is the entry of the Aforti Group (including using the Aforti Exchange brand) into the markets of at least seven European countries, including the Czech Republic, Hungary, Albania and Macedonia. Introducing the Aforti brand on the relevant market will be accompanied by appropriately planned communication and marketing activities.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information