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Buy out of the M14 series bonds CR 77/2018
The Management Board of Aforti Holding SA based in Warsaw (“the Company”, “the Issuer”) hereby announces, that on 18th July 2018, in accordance with the Conditions of Issue which comprised an annex to Resolution of the Board no 02/05/07/2016 dated on 5th July 2016, it purchased 997 of the M14 series Bonds to redemption of them.
Legal basis: Article 3, Paragraph 1, Point 6) of the Exhibit 3 “Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Information concerning the change in the Issuer’s shareholding structure CR 76/2018
The Board of Directors of Aforti Holding S.A. (the Company”, “the Issuer”) headquartered in Warsaw, with reference to current report EBI No. 75/2017 dated on 26th October 2017 related to receiving by the Company on 25th of October 2017 written information from the Independent Department of Administration and Logistics by the Polish Scouting Association headquartered in Warsaw as the Pledgee (hereinafter: “ZAA”) entitled “Notification of recovery” from the pledged Company shares held by the shareholder Mr. Rafał Bednarczyk as the pledgee connected with the registered pledge agreement concluded between the parties of 11th of January 2017 by taking over the Company’s shares on the basis of art. 22 ust. 1 point 1) of the Act on registered pledges and the pledge register of December 6th, 1996 (Journal of Laws No. 149, item 703, as amended), hereby informs that on July 11th 2018, the Company has received written notification of the Shareholder (hereinafter: “Shareholder”) on the acquisition of 91,934 shares by package transaction concluded on 3rd of July, 2018 in the Alternative Trading System on the NewConnect market.
On the basis of information provided by the Shareholder, the shares were
acquired from ZAA.
Therefore, when entering into the transaction, the thresholds contained in Art. 69 par. 1 point 1 of the Act of July 29th, 2005 on Public Offering and conditions governing the financial Instruments to organized trading venue and public companies _Journal of Laws of 2013, item 1382, as amended_ have not been exeeded.
A shareholder, in conjunction with General Regulation on Personal Data Protection, did not agree to disclosure of his personal data.
At the same time, on June 15th, 2018, the Issuer’s Management Board informs has repeated a written inquiry to Mr. Rafał Bednarczyk in order to obtain information on the number of shares held by him. Until the date of publication of this report, this letter remained unanswered.
In addition, according to the current report 78/2018 dated November 3rd, 2017, the Issuer’s Management Board, whereas the obligations of a public company resulting from The MAR Regulation and the Act on Public Offering, in particular art. 69 and 70 of this Act, regarding Company’s difficulties in obtaining a reply directly from the shareholder Mr. Rafał Bednarczyk, has reiterated a written inquiry to the Office of the Polish Financial Supervision Authority regarding previously submitted letters concerning the obligation to inform the Company and the Office by Mr. Rafał Bednarczyk about the current status of Company’s shares.
On June 28th, 2018, the Issuer informs that the Office of the Polish Financial Supervision Authority provided the Company with a response, whereas the Office can not reply due to the obligation of professional secrecy pursuant to Art. 19 of the Act of July 29, 2005 on supervision over the capital market.
In conclusion, that until the date of publication of this report, the Board of Directors of the Company informs that based on the available information, the shareholding structure of the Company presents as follows:
1. Shareholder: Klaudiusz Sytek
Number of shares held: 6,566,216
Share in the share capital and in the total number of votes at the General
Meeting: 84.03%
2. Shareholder: Kamilla Sytek – Skonieczna
Number of shares held: 503,907
Share in the share capital and in the total number of votes at the General Meeting: 6.46%
3. Shareholder: Rafał Bednarczyk
The number of shares held: 411.864
Share in the share capital and in the total number of votes at the General Meeting: 5.28%
4. Shareholder: Other (Free float)
Number of shares held: 329.928
Share in the share capital and in the total number of votes at the General Meeting: 4.23%
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Notification of transactions of a person discharging managerial responsibilities CR 75/2018
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on 9 July 2018 the Company received a notification of transactions of a person discharging managerial responsibilities in the Company.
The notification was made by Mr. Paweł Opoka, the Vice President of the Company.
The notification is attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities
O8 Series Bonds Allocation CR 74/2018
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on 06th July 2018 The Management Board passed a resolution of O8 series bonds allocation („the Bonds”). Subscription of the Bonds was conducted in accordance to a resolution of The Management Board on 25th June 2018 of O8 series bonds issue.
In accordance to the resolution of O8 series bonds allocation, The Board allocated 2 489 (two thousand four hundred eighty nine) O8 series bonds of 1.000,00 (one thousand) PLN both nominal and emissional value each and 2.489.000 (two million four hundred eighty nine thousand) PLN in total.
O8 series bonds are three-years unsecured bonds. Bondholders will be paid a monthly coupon at a constant percentage amount of 7,00% per annum. The O8 series bonds purchase date is 6th July 2021. The issued Bonds are denominated in Polish zloty (PLN) and were offered in private issue mode, only on Polish territory.
Legal basis: Article 3, Paragraph 1, Point 8) of the Exhibit 3 “Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
The estimated operational and sales data of subsidiaries Aforti Finance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. – June 2018 CR 72/2018
The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public the estimated operational and sales results of Aforti Finance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. the Issuer’s subsidiaries for June 2018
1) The estimated operational and sales results of Aforti Finance S.A. for June 2018:
In June 2018 Aforti Finance S.A. granted 35 loans (decrease by 16,67% YoY related to testing new analytical processes and solutions in the Company, which are to improve and speed up the Customer service process) with a total value of PLN 3 473,10 thousand, which is an increase of 1,40% compared to the same month of 2017.
The value of submitted applications amounted to PLN 48 739,40 thousand and that is a result higher by 217,95% compared to the same period of the previous year. In June 2018, there were filed 400 loan applications, an increase of 110,53% compared to the same month of 2017.
Cumulatively, after the first half of 2018, Aforti Finance SA granted 308 loans (45,28% more YoY) with total value PLN 32 675,88 thousand and it is an increase by 136,62% compared to 2017. In the period from January to the end of June 2018, there were filed 1970 loan applications with total value PLN 244 038,94 thousand. The quantity of the loans rose up by 100,61% and their total value by 280,73% in relation to the same period in the previous year.
2) The estimated operational and sales results of Aforti Exchange S.A. for June 2018:
The currency exchange platform’s turnover in June 2018 reached 21 666,35 thousand EUR and was higher by 284,17% compared to the same period of the previous year. At the same time, after six months of the current year, the turnover reached the level of 112 121,01 thousand EUR, an increase of 239,25% year-on-year.
3) The estimated operational and sales results of Aforti Exchange Romania S.A. for June 2018 :
The value of trading on the currency exchange platform in Romania in June 2018 amounted to 3 979,67 thousand EUR. At the end of June 2018, Aforti Exchange Romania S.A. recorded 19 713,66 thousand EUR of the total turnover value.
In connection with the registration the Company on June 2017, the comparative data are not available.
4) The total estimated operational and sales data of Aforti Exchange for June 2018:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in June 2018 amounted to EUR 25 646,02 thousand, which in comparison to the same period in the previous year means an increase of 354.73%.
At the same time, cumulatively after the first half of this year the total value of turnover reached the level of EUR 131 334,66 thousand and it increased year-on-year by 298.90%
The total comparative data for 2017 include only the result generated by Aforti Exchange S.A. due to the fact that Aforti Exchange Romania S.A. was registered in June 2017.
5) The estimated operational and sales results of Aforti Collections S.A. for June 2018:
Nominal value of debt collection commissions on June 2018 reached PLN 1 049,36 thousand. This is a decrease of 21,47% YoY. The number of recovery orders amounted to 328 and was lower by 21,15% compared to June 2017. The company concluded 23 contracts in the indicated month, which is an increase by 43,75% compared to the same period in the previous year.
Cumulatively, at the end of June 2018, the nominal value of the debt collection orders amounted to PLN 9 670,84 thousand, which is a decline of 32,89% year-on-year. The number of orders also decreased by 90,31% from 13 903 to 1 347. At the same time, the number of debt recovery agreements concluded in the first half of this year, decreased by 43,24% to 42.
6) The estimated operational and sales results of Aforti Factor S.A. for June 2018:
In June 2018 the value of receivables financed by Aforti Factor S.A. amounted to PLN 2 476,13 thousand. Further, at the end of June 2018 this value reached level of PLN 8 759,28 thousand.
The date comparative are not available because the Company had started its operating activities from January 2018.
A table containing estimated additional data, reported for June 2018 together with the comparative data, can be found in an annex to the current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information