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CR ESPI 65/2021 – Correction to Current Report No. 27/2021
The Management Board of Aforti Holding S.A., with its registered office in Warsaw (the “Issuer”), hereby presents a correction to ESPI Report No. 27/2021 – Completion of third offering of shares in Aforti PLC private placement.
The correction of the report is related to the identification of a typing error regarding the number of shares subscribed by individual investors and the amount for which the shares were subscribed.
The content of the current report with the introduced changes:
“The Management Board of Aforti Holding S.A . based in Warsaw (the “Company”, “Issuer”), in reference to the ESPI Current Report 25/2021 dated 4 May 2021 regarding the completion of the second offering of shares in Aforti PLC’s private placement informs that today the Issuer has been informed by its subsidiary Aforti PLC, based in London, that it completed on 21.05.2021 the third offering round of new issue shares in its private placement.
The third round was attended by 53 individual investors who subscribed for a total of 1,148,698 Aforti PLC shares for £976,393 confirming a valuation of the company after paid-in capital of approximately £32.57 million. The subsidiary will commence a fourth round of offering its shares in a private placement from 24 May 2021.
Also, on 21 May 2021, the Issuer entered into agreements for the sale of AFORTI PLC shares with 113 individual investors, the aggregate value of which can be considered significant. Aforti Holding S.A. made a total sale of 5,028,170 Aforti PLC shares at a price of £0.85 per share.
Following the transaction Aforti Holding S.A. directly holds 31,335,430 shares in Aforti PLC (representing 81.96% of the share capital), whilst 193 individual investors hold 6,896,432 shares in Aforti PLC (representing 18.04% of the share capital) with a total value of £5,861,967.
The actions taken allow the continuation of activities carried out by a UK broker aimed at indirectly floating the Issuer’s subsidiary, Aforti Exchange S.A., headquartered in Warsaw, on the Main Market of the London Stock Exchange and raising up to €5 million in a private placement, as well as raising an additional £4.5 million through an initial public offering on the LSE.
The offering of new issue shares in a private placement of Aforti PLC and the sale of Aforti PLC shares by the Issuer is connected with the next stage of activities aimed at further implementation of the strategy of the Issuer’s Capital Group.”
Legal basis: Art. 56 section 1 item 2 of the Public Offering Act – current and periodic information
CR EBI 60/2021 – Buy out of the O26 series bonds
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter the “Company”, “Issuer”) informs that on December 28, 2021 it redeemed 333 units of O26 series bonds for cancellation.
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
CR ESPI 64/2021 – Information regarding the EMI license passporting
The Management Board of Aforti Holding S.A. with its registered office in Warsaw, hereinafter referred to as the “Company”, “Issuer”, in reference to the ESPI current report 63/2021 dated 23 December 2021, announces that it has today received information from Aforti PLC, a subsidiary based in the United Kingdom, regarding an EU electronic money institution licensed under the applicable EU directives on payment services and electronic money (“EMI”), regarding the submission today of an application to the Central Bank of Cyprus to passport the EMI license to the rest of the European Union.
The passporting of the EMI licencse will allow, in line with the Aforti Group’s strategy, to develop its activities in 11 East-Central European countries offering services such as currency exchange, factoring, multi-currency accounts, and currency transfers.
The acquisition of EMI is part of the Aforti Group’s strategy to become a pan-European provider of comprehensive financial solutions for Small and Medium Enterprises. The Issuer will inform about further stages of the investment in subsequent current reports.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 63/2021 – Information regarding the EMI license
The Management Board of Aforti Holding S.A. with its registered office in Warsaw, hereinafter referred to as the “Company”, “Issuer”, in reference to the ESPI current report 23/2021 dated 27 April 2021, informs that today it has received information from Aforti PLC, a subsidiary based in the United Kingdom, regarding an EU Electronic Money Institution licensed under the applicable EU Directives on Payment Services and Electronic Money (“EMI”), on the completion of the review process of the EMI license activation application by the Licensing Department of the Central Bank of Cyprus and the EMI license has been finally activated.
The above occurrence will allow the commencement of operations in Cyprus.
The acquisition of EMI is part of the Aforti Group’s strategy to become a pan-European provider of comprehensive financial solutions for Small and Medium Enterprises. The Issuer will inform about further stages of the investment in subsequent current reports.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 62/2021 – Notification of transactions of persons discharging managerial responsibilities
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on December 21, 2021, the Company received a notification of transactions of an entity closely related to a person discharging managerial duties in the Company.
The notification was submitted by Mr Krzysztof Rabiański.
The notifications are attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities