Entry of the subsidiary Aforti Finance S.A. on the list of public warnings and the Management Board’s position on the matter
Management Board of AFORTI Holding S.A. with its registered office in Warsaw (hereinafter: “Company”, “Issuer”) informs that today it became aware of the entry on the list of public warnings kept by the Polish Financial Supervision Authority (hereinafter: “KNF”), the Issuer’s subsidiary, Aforti Finance S.A. with its registered office in Warsaw (hereinafter: “AF”), as a consequence of the notification under Art. 171 sec. 1 of the Banking Act, addressed by the KNF Office to the District Prosecutor’s Office in Warsaw. The Management Board considered this entry as confidential information due to the potential damage that the entry on the list of public warnings of the Issuer’s subsidiary may cause the Company, which may affect its economic, property and financial situation. At the same time, the Management Board explains that AF does not issue investment promissory notes or take loans from individual investors, nor does it have any liabilities towards individual investors. In addition, AF did not accept cash contributions in order to burden them with risk, and as of 2020 it does not conduct any new operating activities. Currently, this entity is focused on the recovery of the existing loan portfolio from entrepreneurs. Therefore, the decision of the Polish Financial Supervision Authority to include AF on the list of warnings is, in the opinion of the Company’s Management Board, groundless and devoid of legal grounds, and is not reflected in the actual current and past activity of AF. In addition, the Management Board points out that the KNF did not inform the Issuer about the ongoing explanatory proceedings in this matter or about its decision to include the AF on the list of public warnings and to notify the District Prosecutor’s Office in Warsaw. In the event of receiving such information in advance, the Company’s Management Board would have the opportunity to refer to potential allegations and present documentation that would clarify any doubts of the Polish Financial Supervision Authority towards the AF. The KNF also did not ask the AF or send any letters to the AF, calls for statements, requests for clarifications or inquiries related to any activity of the AF. Notwithstanding the foregoing, the Management Board declares close and full cooperation with the Polish Financial Supervision Authority and the District Prosecutor’s Office in Warsaw in order to clarify as soon as possible all issues that are the subject of any doubts of the supervisory authority and the prosecutor’s office, declaring its readiness to provide the indicated authorities with complete information on the AF and to respond to any additional questions that will dispel any doubts in this matter.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
Chairman of the Board