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Concluding a cooperation agreement by a subsidiary Aforti Factor SA with SIA ViVentor LLC CR 58/2018
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “the Company”, “the Issuer”) hereby informs that became aware that on 13th June 2018, Aforti Factor S.A. based in Warsaw (hereinafter: “Aforti Factor”, “the Subsidiary”) – a subsidiary of the Company received mutually signed the cooperation agreement with a company SIA ViVentor LLC based in Riga (Lithuania) (hereinafter: “ViVentor”).
The subject of the agreement is an organization of financing related to the financing of receivables purchased by Aforti Factor, which will allow to shorten the process of recovering funds as well as to more efficient development of the Subsidiary.
ViVentor has been operating a peer-to-peer loan platform since October 2015, connecting investors with lenders from the non-banking sector, enabling financing of loans for both private and institutional investors. The Viventor platform is currently used by nearly 4,400 investors from over 30 countries, mainly from Germany, the Scandinavian countries, the Baltic States and Central Europe.
Establishing cooperation between the Issuer’s Subsidiary and ViVentor is related with the implementation of the Aforti Group’s development strategy regarding the geographical expansion of its individual brands on foreign markets.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
O6 Series Bonds Allocation CR 57/2018
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on 13th June 2018 The Management Board passed a resolution of O6 series bonds allocation (“the Bonds”). Subscription of the Bonds was conducted in accordance to a resolution of The Management Board on 07th June 2018 of O6 series bonds issue.
In accordance to the resolution of O6 series bonds allocation, The Board allocated 9 232 (nine thousand two hundred thirty two) O6 series bonds of 1.000,00 (one thousand) PLN both nominal and emissional value each and 9.232.000 (nine millions two hundred and thirty two thousand) PLN in total.
O6 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 O6 series bonds purchase date is 14th June 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
Buy out of the M11 series bonds CR 55/2018
The Management Board of Aforti Holding SA based in Warsaw („the Company”, „the Issuer”) hereby announces, that on 6th June 2018, in accordance with the Conditions of Issue which comprised an annex to Resolution of the Board no 02/24/05/2016 dated on 24th May 2016, it purchased 100 of the M11 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
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. – May 2018 CR 54/2018
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 May 2018
- The estimated operational and sales results of Aforti Finance S.A. for May 2018:
In May 2018 Aforti Finance S.A. granted 53 loans (increase by 23,26% YoY) with a total value of PLN 6 682,59 thousand, which is an increase of 93,07% compared to the same month of 2017.
The value of submitted applications amounted to PLN 47 774,31 thousand and that is a result higher by 213,80% compared to the same period of the previous year. In May 2018, there were filed 323 loan applications, an increase of 71,81% compared to the same month of 2017.
Cumulatively, after the first five months of 2018, Aforti Finance SA granted 273 loans (60,59% more YoY) with total value PLN 29 202,79 thousand and it is an increase by 181,23% compared to 2017. In the period from January to the end of May 2018, there were filed 1570 loan applications with total value PLN 195 279,82 thousand. The quantity of the loans rose up by 98,23% and their total value by 300,43% in relation to the same period in the previous year. - The estimated operational and sales results of Aforti Exchange S.A. for May 2018:
The currency exchange platform’s turnover in May 2018 reached 25 638,07 thousand EUR and was higher by 272,84% compared to the same period of the previous year. At the same time, after five months of the current year, the turnover reached the level of 90 483,41 thousand EUR, an increase of 230,11% year-on-year. - The estimated operational and sales results of Aforti Exchange Romania S.A. for May 2018 :
The value of trading on the currency exchange platform in Romania in May 2018 amounted to 5 573,42 thousand EUR. At the end of May 2018, Aforti Exchange Romania S.A. recorded 15 727,53 thousand EUR of the total turnover value.
In connection with the registration the Company on June 2017, the comparative data are not available. - The estimated operational and sales results of Aforti Collections S.A. for May 2018:
Nominal value of debt collection commissions on May 2018 reached PLN 816,45 thousand. This is a decrease of 53,44% YoY. The number of recovery orders amounted to 80 and was lower by 87,54% compared to May 2017.
The company concluded 9 contracts in the indicated month, which is a decrease by 66,67% compared to the same period in the previous year.
Cumulatively, at the end of May 2018, the nominal value of the debt collection orders amounted to PLN 8 621,48 thousand, which is a decline of 34,05% year-on-year. The number of orders also decreased by 92,44% from 13 487 to 1 019. At the same time, the number of debt recovery agreements concluded in the first five months of this year, decreased by 67,24% to 19. - The estimated operational and sales results of Aforti Factor S.A. for May 2018:
In May 2018 the value of receivables financed by Aforti Factor S.A. amounted to PLN 1 792,28 thousand. Further, at the end of May 2018 this value reached level of PLN 6 283,15 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 May 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
Buy out of the N25 series bonds CR 53/2018
The Management Board of Aforti Holding SA based in Warsaw (“the Company”, “the Issuer”) hereby announces, that on 1st June 2018, in accordance with the Conditions of Issue which comprised an annex to Resolution of the Board no 02/29/05/2017 dated on 29th May 2017, it purchased 446 of the N25 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