CR ESPI 68/2020 – Conclusion of a significant agreement by the subsidiary Aforti Collections S.A.

The Management Board of Aforti Holding S.A. with its seat in Warsaw (“Company”, “Issuer”) informs that it received information that on 17 November 2020 its subsidiary: Aforti Collections S.A., based in Warsaw (hereinafter: ‘Aforti Collections’), concluded a significant debt purchase agreement with an entity operating in the Polish debt collection sector.

On the basis of the concluded agreement, Aforti Collections purchased a portfolio of receivables resulting from compensation for recovery costs, statutory interest for delay in commercial transactions (including overdue receivables) with the total nominal value of PLN 29,839,118.25.

The terms and conditions of the Agreement do not deviate from the terms and conditions normally established for this type of agreements.

The criterion for considering the Agreement as a significant agreement was the fact that its estimated value of assets exceeds 10% of the equity of the Issuer’s Capital Group.

Legal basis: Article 17 paragraph 1 of the MAR – confidential information

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