RB ESPI 12/2023 Entry of the subsidiary Aforti Finance S.A. on the list of public warnings and the Management Board’s position on the matter

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

Report

RB EBI 22/2023 Closing of the Ordinary General Meeting

Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: the Company) informs that on July 28, 2023, the Ordinary General Meeting of the Company (hereinafter: the Meeting) resumed its deliberations after the break ordered on June 30, 2023 and then closed the deliberations without adopting resolutions included in the agenda .

The reason for the meeting to be closed was the lack of reports on the audit of the Company’s financial statements for 2022 prepared by an independent statutory auditor and the statutory ban on ordering a further break. In accordance with the content of art. 408 § 2 sentence 2 of the Code of Commercial Companies, breaks in total cannot last longer than 30 days.

The Management Board informs that it will convene the next General Meeting of Shareholders immediately after receiving the reports on the audit of the Company’s financial statements for 2022 prepared by an independent statutory auditor and the publication of the standalone and consolidated annual report for 2022.

At the same time, the Management Board indicates that the Company’s quarterly report for the second quarter of 2023 will be published in accordance with the agreed schedule, i.e. on August 14, 2023.

Legal basis: § 4 sec. 2 points 6a, 7-8 of Appendix 3 to the Rules of the Alternative Trading System “Current and periodic information provided in the alternative trading system on the NewConnect market”.

Klaudiusz Sytek
Chairman of the Board

Report

RB EBI 21/2023 Change of the date of publication of the Annual Report for 2022

Management Board of Aforti Holding S.A. with its registered office in Warsaw informs about changing the date of publication of the Company’s annual report for 2022.

According to the current EIB report of the Company No. 14/2023 of June 27, 2023, the date of publication of the Company’s annual report for 2022 was declared as July 14, 2023.

In accordance with the current EIB report of the Company No. 19/2023 of June 30, 2023, the Management Board of the Company informed about the termination by the audit company of the contract for the audit of financial statements for 2022.

Currently, the Management Board is conducting talks with audit firms regarding the conclusion of a new agreement for the audit of financial statements for 2022, but to date they have not been finalized.

In this situation, the Company’s Management Board informs that it is changing the date of publication of the Company’s annual report for 2022. In the ongoing talks, the Management Board sets as a condition for signing the agreement a new date for the publication of the annual report for 2022 to be August 31, 2023, and this date is currently indicated as a new date as part of the change in the schedule.

Other dates for submitting periodic reports of the Company remain unchanged.

The need to change the date of publication of the Company’s annual report for 2022 results from an objective reason, which is the termination of the agreement by the current audit firm. The Management Board makes every effort to minimize the effects of the situation while protecting the interests of the Company.

Attachment

RB EBI 20/2023 Change in the composition of the Management Board of Aforti Holding S.A.

Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “Issuer”, “Company”) informs about receiving on July 3, 2023, Mr. Paweł Opoka’s resignation from the position of VicePresident of the Management Board and Member of the Management Board of the Company, effective July 4, 2023.

Attachment

RB ESPI 11/2023 Estimated operating and sales data of the AFORTI Capital Group – June 2023

Management Board of AFORTI Holding S.A. with its registered office in Warsaw, hereinafter: “Company”, “Issuer” – hereby announces to the public the estimated operational and sales data of the AFORTI Capital Group for June 2023.

1. Currency exchange on online platforms
The value of turnover on the currency exchange platform in June 2023 amounted to approx. PLN 300.96 million and was lower by 40.69% compared to the same period of the previous year.

In cumulative terms, after six months of 2023, the total value of turnover on the currency exchange platform reached the level of approx. PLN 2,608.32 million, which means an increase of 8.15% year on year.

2. Debt collection orders
The nominal value of debt collection orders in June 2023 amounted to approx. PLN 132.45 million and was higher by 115.03% compared to the corresponding period of the previous year.

In cumulative terms, after six months of 2023, the nominal value of debt collection orders reached the level of approx. PLN 611.85 million, recording an increase of 54.03% year on year.

3. Financed receivables
In June 2023, the value of receivables financed by AFORTI Factor amounted to approx. PLN 1.13 million and was higher by 437.84% compared to the corresponding period of the previous year.

In cumulative terms, after six months of this year, AFORTI Factor financed a total of approx. PLN 5.84 million of receivables, recording an increase of 154.01% year on year.

4. Total sales
In June 2023, the total value of sales in the AFORTI Capital Group amounted to approx. EUR 103.60 million and was lower by 23.66% compared to the same period of the previous year.

In cumulative terms, after six months of 2023, the total value of sales in the AFORTI Capital Group reached the level of approx. EUR 769.12 million, which means an increase of 14.75% year on year.

5. Total number of customers
In June 2023, the total number of customers in the AFORTI Capital Group amounted to 7,548 and was higher by 8.08% compared to the same period of the previous year.

The table containing the reported estimated data for June 2023 along with comparative data is attached to this current report.

Read the report