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RB ESPI 18/2024 Acceptance of the arrangement by the creditors and submission of an application to the court for approval of the arrangement in the proceedings for approval of the arrangement by the subsidiary Aforti Collections S.A.
On September 18, 2024, the Management Board of AFORTI Holding S.A. in restructuring with its registered office in Warsaw (hereinafter referred to as the “Company”) received information from the Management Board of Aforti Collections S.A. with its registered office in Warsaw (subsidiary) that on September 13, 2024, the subsidiary filed an application to the court for approval of the arrangement concluded on September 4, 2024 (out of 79 persons entitled to vote, 74 people cast votes and all of these votes were FOR (1 creditor cast a vote after the deadline, 4 creditors did not cast their votes).
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
President of the Management Board
RB ESPI 17/2024 Acceptance of the arrangement by the Creditors and submission of an application to the court for approval of the arrangement in the proceedings for approval of the arrangement of AFORTI HOLDING SPÓŁKA AKCYJNA
The Management Board of AFORTI Holding S.A. with its registered office in Warsaw (hereinafter referred to as the “Company”, “Issuer”) hereby announces that in connection with the acceptance by the Company’s creditors on September 14, 2024 of the arrangement in the arrangement approval
proceedings, the Issuer filed on September 14, 2024 – to the District Court for the Capital City of Warsaw in Warsaw, 18th Commercial Division for Bankruptcy and Restructuring Cases – an application for approval of the arrangement.
Pursuant to art. 119 sec. 1 of the Act of 15 May 2015 – Restructuring Law (Journal of Laws of 2022, item 2309, hereinafter referred to as “PrRest”), a resolution of the meeting of creditors on the acceptance of the arrangement is adopted if the majority of voting creditors who cast a valid vote and who have a total of at least two-thirds of the sum of the receivables owed to the voting creditors vote in favour of it.
710 creditors took part in the vote. Valid votes were cast by 629 creditors with a voting power of PLN 175,176,410.18.
523 creditors with a voting power of PLN 117,171,180.26 voted in favour of the arrangement.
It was found that:
a) the arrangement was not accepted in group I – it obtained 0% of the votes of the creditors voting in terms of quantity and 0% in terms of capital;
b) the arrangement was accepted in group II – it obtained 100% of the votes of the creditors voting in terms of quantity and 100% in terms of capital;
c) the arrangement was accepted in group III – it obtained 83% of the votes of the creditors voting in terms of quantity and 67% in terms of capital.
However, in accordance with Article 119 sec. 3 of the PrRest, the arrangement is accepted even if it does not obtain the required majority in some of the groups of creditors, if creditors having a total of two-thirds of the sum of receivables owed to the voting creditors voted in favour of accepting the arrangement, and creditors from the group or groups that voted against accepting the arrangement will be satisfied under the arrangement to an extent no less favourable than in the case of conducting bankruptcy proceedings.
To sum up, it should be noted that in the vote on the arrangement, 629 creditors cast valid votes, with a voting power of PLN 175,176,410.18. 523 creditors voted in favour of the arrangement, with a voting power of PLN 117,171,180.26, which constitutes 67% of the total receivables due to all voting creditors.
The Company will inform about the consideration of the application by the Court in a separate announcement.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
President of the Management Board
RB ESPI 16/2024 The estimated operating and sales data for the AFORTI Capital Group – August 2024
The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter: “Company”, “Issuer”) hereby publishes the estimated operating and sales figures of the AFORTI Capital Group for August 2024.
1) Currency exchange on online platforms
The trading value on the currency exchange platform in August 2024 amounted to approximately PLN 48,28 million and was 71,45% lower compared to the same period of the previous year.
On a cumulative basis, after a eight months of 2024, the total value of trading on the foreign exchange platform reached approximately PLN 781,25 million, representing a year-on-year decrease of 73,44%.
2) Recovery orders
The nominal value of recovery orders in August 2024 amounted to approximately PLN 36,36 million and was 71,31% lower year-on-year.
On a cumulative basis, after the eight months of 2024, the nominal value of collection orders reached approximately PLN 259,48 million, registering a year-on-year decrease of 68.76%.
3) Debt claims financed
In August 2024, the value of financed receivables amounted to PLN 0.00 million and down 100% yearon-year.
On a cumulative basis, after eight months of this year, the value of financed receivables amounted to a total of approximately PLN 1.07 million, recording an decrease of 87.14% year on year.
The Issuer has decided that the third business line – corporate financing – due to the economic situation resulting from the pandemic and the war in Ukraine, and consequently a very large increase in credit risk, has been significantly limited and is currently focusing its efforts on the collection of its own receivables. Therefore, from September 2024, the Issuer will no longer report estimated operating and sales data within this business line.
4) Total sales
In August 2024, total sales in the AFORTI Group amounted to approximately EUR 20.18 million, down 71.52% year-on-year.
On a cumulative basis, after the eight months of 2024, the total value of sales in the AFORTI Group reached approximately EUR 248,38 million, an decrease of 72,48% year-on-year.
5) Total number of customers
In August 2024, the total number of customers in the AFORTI Group was 7.678 and was 1.25% higher than in the same period of the previous year.
A table containing the reported estimates for August 2024 together with comparative data is attached to this current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
President of the Management Board
RB EBI 18/2024 Consolidated quarterly report for Q II 2024
The Management Board of Aforti Holding S.A. with its registered office in Warsaw, hereby encloses the consolidated quarterly report for the second quarter of 2024.
Legal basis: § 5 sec. 1 point 1), sec. 2) and 2a) of Appendix No. 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
President of the Management Board
RB ESPI 15/2024 The estimated operating and sales data for the AFORTI Capital Group – July 2024
The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter: “Company”, “Issuer”) hereby publishes the estimated operating and sales figures of the AFORTI Capital Group for July 2024.
1) Currency exchange on online platforms
The trading value on the currency exchange platform in July 2024 amounted to approximately PLN 66,50 million and was 59,56% lower compared to the same period of the previous year.
On a cumulative basis, after a seven months of 2024, the total value of trading on the foreign exchange platform reached approximately PLN 732,97 million, representing a year-on-year decrease of 73,57%.
2) Recovery orders
The nominal value of recovery orders in July 2024 amounted to approximately PLN 21,76 million and was 76,32% lower year-on-year.
On a cumulative basis, after the seven months of 2024, the nominal value of collection orders reached approximately PLN 220,98 million, registering a year-on-year decrease of 68.60%.
3) Debt claims financed
In July 2024, the value of financed receivables amounted to approximately PLN 0.07 million and down 94,33% year-on-year.
On a cumulative basis, after seven months of this year, the value of financed receivables amounted to a total of approximately PLN 1.07 million, recording an decrease of 84.72% year on year.
4) Total sales
In July 2024, total sales in the AFORTI Group amounted to approximately EUR 21.06 million, down 65.70% year-on-year.
On a cumulative basis, after the seven months of 2024, the total value of sales in the AFORTI Group reached approximately EUR 227,70 million, an decrease of 72,59% year-on-year.
5) Total number of customers
In July 2024, the total number of customers in the AFORTI Group was 7.673 and was 1.46% higher than in the same period of the previous year.
A table containing the reported estimates for July 2024 together with comparative data is attached to this current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Klaudiusz Sytek
President of the Management Board