The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces publishes that on 18th September 2018 it received information that the subsidiary of the Issuer: Aforti Finance S.Aheadquartered in Warsaw (hereinafter: “Aforti Finance”, “Subsidiary”) signed a purpose agreement (hereinafter: “Agreement”) with a capital market institution based in London and
supervised by FCA (The Financial Conduct Authority) (hereinafter:
“Financial Institution”).
The object of the Agreement is the start by the Financial Institution the activities head to obtaining external financing with value of EUR 50 million for the Subsidiary. These funds will be transferred to Aforti Finance in several tranches until the end of 2019.All raised funds will be used for the further development of the loan action run by the Subsidiary. This will allow for the dynamic growth of Aforti Finance, which in the opinion of the Management Board of the Subsidiary, what lead a gradual increase in its market share and thereby for its financial results.
Currently, no detailed transaction structure is known. In addition, in accordance with the knowledge of the Issuer’s Management Board, the financial terms agreed by the parties to the Agreement are commonly applicable standards in this type of contracts.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information