- Home
- /
- Reports
Resigning from publication of financial results forecasts for 2019 year CR 1/2019
The Management Board of Aforti Holding SA with its registered office in Warsaw
(hereinafter: “the Company”, “the Issuer”) hereby announces, that it has decided not to publish the forecasts of financial results of the Company for the year 2019 nor for any of its periods.
In the opinion of the Management Board of the Company, the dynamically growing scale of the Issuer’s activity and external factors related to its market environment limit the ability to precisely determine the forecast of the Issuer’s financial result. Considering the above, the publication of financial forecasts would be too risky and could mislead investors.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Resolution of the Management Board regarding the planned change of the Company’s accounting policy to IFRS / IAS CR 77/2019
The Management Board of Aforti Holding S.A. headquartered in Warsaw (hereinafter: “the Company”, “the Issuer”), in reference to the ESPI current report No. 11/2018 dated on 05.04.2018 regarding the adoption of the “Development Strategy for the Aforti Holding Capital Group for 2018-2020”, announces that on October 16, 2019, the Management Board of the Company adopted a resolution regarding the commencement of efforts to change the market of the Issuer’s shares quotation from the Alternative Trading System NewConnect market to the regulated market, thus implementing one of the main assumptions of the abovementioned Development Strategy of the Issuer’s Capital Group.
In relation to the above, the Management Board of the Company plans to start preparing, starting from January 1, 2021, the financial statements of the Issuer and consolidated financial statements of the Issuer’s Group in accordance with the International Financial Reporting Standards (IFRS) and International Standards Accounting (IAS).
At the same time, in order to maintain transparency and increase comparability with similar domestic and foreign entities, the Company’s Management Board also plans to publish periodic financial reports of the Issuer and its Capital Group for the years 2019 – 2020 in accordance with the Polish Accounting Standard applied so far (in a comparative system) and additional information in forms of selected financial data generated in 2020 in accordance with IFRS / IAS.
In the opinion of the Issuer’s Management Board, the implementation of IAS and preparation of financial statements in accordance with IAS will facilitate the Company’s stakeholders to obtain necessary information on the financial and economic situation of the Company and the Capital Group.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
RQ EBI 38/2020 – Individual and Consolidated quarterly report for Q II 2020
The Management Board of Aforti Holding S.A. based in Warsaw encloses herewith the individual and consolidated quarterly report for the second quarter of 2020.
Legal basis:
Article 5, Paragraph 1, Point 1) of the Exhibit 3 “Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Sale of shares of a subsidiary Aforti Finance S.A. CR 34/2018
The Management Board of Aforti Holding SA based in Warsaw („the Company”, „the Issuer”) hereby announces, that on 11th April 2018 in a private placement, it sold 1 334 872 of shares of its subsidiary Aforti Finance S.A. headquartered in Warsaw („Aforti Finance”, „the Subsidiary”), which represents 14,41% of all shares held by the Company before the transaction.
The selling price of shares of the Subsidiary was PLN 5,20 per share, which means the valuation of Aforti Finance is PLN 57 200 000,00. As a result of the selling transaction of the Subsidiary’s shares, the Issuer received PLN 6 941 334,40.
Before entering into the transaction, the Issuer held 9 262 632 shares of the Subsidiary with total nominal value PLN 9 262 632,00 which represents 84,21% participation in the Subsidiary’s share capital and in total number of votes held by shareholders at the annual general meeting.
After entering into the transaction, the Issuer holds 7 927 760 shares of the Subsidiary with total nominal value PLN 7 927 760,00 which represents 72,07% participation in the Subsidiary’s share capital and in total number of votes held by shareholders at the annual general meeting.
The selling of Aforti Finance’s shares by the Issuer is connected with realization of development strategy and with the plans of admission of the financial instruments of the Subsidiary to trading on the Alternative Trading System to the NewConnect market.
The Management Board of the Company moreover informs that it does not intend to sell the Subsidiary’s shares to a degree which would cause loss of the dominant shareholder’s position and consequently loss of control over the Subsidiary.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Schedule of periodic reports submission in 2017 CR 1/2017
The Board of Aforti Holding Inc, with its seat in Warsaw ( “Issuer”) hereby publishes the schedule for submission of periodic reports which will be published by the Issuer in 2017. …