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Acquisition of bonds of the Subsidiary Aforti Finance S.A. CR 69/2018
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “the Company”, “the Issuer”) hereby informs that on 29th June 2018 the Issuer, for PLN 22,000,000.00 (PLN twenty two million), acquired 22,000 (twenty-two thousand) of Series I10 subordinated bonds with a nominal value of PLN 1,000.00 each.
The bonds were issued through private placement through Aforti Finance S.A. with its registered office in Warsaw – a subsidiary of the Issuer.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Acquisition of new shares and an increase of share capital of Aforti Securities S.A. (joint stock company).
The Management Board of Aforti Holding S.A. (joint stock company) would like to hereby announce that as of 17 June 2016 the company acquired 500 new shares worth …
Acquisition of shares in Aforti Holding S.A. by the President of the Management Board CR 21/2017
The Management Board of Aforti Holding S.A. (hereinafter “Company”) with is registered office in Warsaw informs that on 3rd April 2017 it received from its shareholder – Kaludiusz Sytek, the President of the Management Board of the Company, …
Aforti Finance S.A. – the subsidiary, begins the negotiations of the conditions of a final agreement on obtaining external financing CR 28/2019
The Management Board of Aforti Holding S.A. with its headquarters in Warsaw (hereinafter: “Company”, “Issuer”), in reference to the current reports of ESPI: no. 32/2018 dated on 18/09/2018 regarding the signing by the Issuer’s subsidiary company: Aforti Finance S.A. with its registered office in Warsaw (hereinafter: “Aforti Finance”, “Subsidiary”) of the special-purpose agreement and no. 6/2019 dated on 13/03/2019 regarding a beginnig the negotations of the basic conditions of a transaction in order to obtaining external financing, hereby publishes that on March 25, 2019 it received information that the Subsidiary and a british investment fund (hereinafter: “Fund”) finished their negotations, and indeed they agreed on the terms of the preliminary agreement (term sheet) of the parties, which the Subsidiaty received on March 12, 2019.
According to the accepted assumptions, the amount of the Fund’s maximum commitment to finance the Aforti Finance’s loan campaign was kept at EUR 25 million level.
Signing a term sheet (a document containing a proposal of pre-conditions for a transaction) means that Aforti Finance and the Fund in the coming days will begin negotiations on the final terms of the financial agreement. One of the stages of these negotiations will be a due diligence, which will be subject to Subsidiary.
It should be noted that, signing a term sheet does not constitute a final obligation to any of its parties. The obligation will be a financing agreement, in which the parties will determine the applicables conditions.
An investor who submitted the term sheet – the document containing the proposed preliminary terms of the transaction, is a British investment fund (hereinafter: “the Fund”) based in London, operating on the European financial market since 2004. The Fund managed an asset portfolio valued at USD 4.3 billion on 31/12/2018.
In case of occurrence of new, significant circumstances regarding the above-mentioned confidential information, the Issuer will publish the relevant current message.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Aforti Finance S.A. – the subsidiary, is beginnig negotiation of basic transaction conditions in order to obtain external financing CR 24/2019
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “Company”, “Issuer”), in reference to the current report of ESPI No. 32/2018 dated 18/09/2018 regarding the signing by the Issuer’s subsidiary company: Aforti Finance S.A. with its registered office in Warsaw (hereinafter: “Aforti Finance”, “Subsidiary”) of the special-purpose agreement, hereby publishes that on March 12, 2019 it received information that the Subsidiary received a letter of intent and a term sheet, concerning the acquisition of external financing by Aforti Finance.
In accordance with the offer submitted to the Subsidiary by a foreign institutional investor, the level of the proposed amount of maximum commitment to finance the Aforti Finance loan campaign was set at EUR 25 million.
An investor who submitted the term sheet – the document containing the proposed preliminary terms of the transaction, is a British investment fund (hereinafter: “the Fund”) based in London, operating on the European financial market since 2004. The Fund managed an asset portfolio valued at USD 4.3 billion on 31/12/2018.
Both parties are goinng to immediately negotiate to establish detailed conditions for obtaining financing. A part of the negotation process will be also a due diligence search, which the Fund will conduct toward Aforti Finance.
According to the knowledge of the Issuer’s Management Board, the negotiation process may take up to several weeks. The Company will inform about any significant changes in this with an appropriate current announcement.
In the opinion of the Issuer’s Management Board, the acquisition of a foreign investor will allow to strengthen the position of the AFORTI brand on the Central and Eastern European markets where selected companies from the Issuer’s Capital Group are present.
In addition, the acquired funds will be used for the further development of the loan action run by the Subsidiary. This will allow for the dynamic growth of Aforti Finance, which in the opinion of the Management Board of the Subsidiary should influence on a gradual increase in its market share and thus affect the financial results posted by it.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information