The Management Board of AFORTI Holding S.A. w restrukturyzacji (in restructuring) with its registered office in Warsaw (hereinafter referred to as the “Company” or “Issuer”), acting under Article 17 paragraph 1 in conjunction with Article 17 paragraph 4 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“MAR Regulation”), hereby makes public the content of the delayed inside information, the provision of which was delayed on 25 September 2024.
Content of confidential information whose publication has been delayed:
The Management Board of AFORTI Holding S.A. in restructuring with its registered office in Warsaw (hereinafter referred to as the “Company”) hereby informs that on September 25, 2024, it became aware of the conclusion by the subsidiary Aforti Factor Polska S.A. (hereinafter referred to as the “subsidiary”) with Mr. Paweł Lewandowski, who holds a restructuring advisor license no. 735 and the title of qualified restructuring advisor, of an agreement dated September 25, 2024 to supervise the course of the proceedings for approval of the subsidiary’s arrangement pursuant to the Act of May 15, 2015 – Restructuring Law. The agreement was concluded for the purpose of conducting restructuring proceedings in the subsidiary in the form of proceedings for approval of the arrangement. Reasons for delaying the publication of confidential information: In the Management Board’s opinion, the delay in providing the above information met the conditions specified in the MAR Regulation at the time the decision on the delay was made.
The Management Board indicates that the conclusion of an agreement on supervision over the course of the proceedings for approval of the arrangement of the subsidiary pursuant to the Act of 15 May 2015 – Restructuring Law was not tantamount to opening the restructuring proceedings. Financial and legal analyses were ongoing and the possibility remained real that the subsidiary would resign from conducting the restructuring. Therefore, premature disclosure of delayed confidential information at the stage of its classification would be misleading and would be detrimental to the Company. The Issuer and the subsidiary decided to announce the arrangement date due to the initiated restructuring process of the Issuer and due to the introduction of a two-pillar strategy in the group, consisting in focusing the activity on two operating lines. In the remaining scope, the Issuer’s restructuring plan assumes reducing to a minimum the operating activity of the corporate finance division and limiting it to the collection of own receivables. As part of this strategy, it is necessary to restructure the subsidiary. Disclosure of this confidential information is due to the impossibility of further ensuring its confidentiality due to the announcement of the arrangement date of the subsidiary.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information.
Klaudiusz Sytek
President of the Management Board