The Management Board of AFORTI Holding S.A. in restructuring with its registered office in Warsaw (hereinafter referred to as the “Company”) hereby notifies that on October 14, 2024, it became aware of the decision of the District Court for the Capital City of Warsaw in Warsaw, 18th Commercial Division, of October 14, 2024 regarding a change in the method of securing the Company’s assets, in such a way that instead of appointing a temporary court supervisor, a compulsory administration was established over all assets. The function of the administrator was entrusted to Mr. Marcin Kubiczek (license number 244). The Company is analyzing the impact of the security on the Company’s situation.
The Company is conducting legal analyses related to the possibility of repealing the decision. On September 14, 2024, the Company filed an application for approval of the arrangement in the initiated restructuring proceedings. A significant part of the creditors voted in favor of the arrangement, in the amount of 83% in quantitative terms. The Company is conducting intensive work to implement the arrangement assumptions. In accordance with the content of art. 12 sec. 2 first sentence of the Restructuring Law, the bankruptcy court suspends the consideration of the bankruptcy application until a final judgment is issued on the restructuring application. In the Company’s opinion, the court’s decision is premature and unjustified, because it is against the public interest – the majority of the Company’s creditors voted in favor of the arrangement.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
President of the Management Board