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CR ESPI 26/2021 – The estimated operating and sales data for the AFORTI Capital Group – April 2021
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 April 2021.
1) Currency exchange on online platforms
The value of trading on currency exchange platforms in April 2021 amounted to approximately PLN 357.64 million and was 279.14% higher compared to the same period of the previous year.
On a cumulative basis, after four months of 2021, the total value of trading on the currency exchange platform reached approximately PLN 1,293.15 million, an increase of 221.03% year-on-year.
2) Recovery orders
The nominal value of recovery orders in April 2021 amounted to approximately PLN 46.17 million and was 32.27 % lower than in the same period of the previous year.
Cumulatively, after four months of 2021, the nominal value of collection orders reached approximately PLN 271.11 million, an increase of 43.20 % year-on-year.
3) Debt claims financed
In April 2021, the value of financed receivables by AFORTI Factor amounted to approximately PLN 2.21 million and was 35.79 % lower than in the same period of the previous year.
Cumulatively, after four months of this year AFORTI Factor financed a total of approx. PLN 5.39 million of receivables, a reduction of 54.21 % year on year.
4) Total sales
In April 2021, total sales in the AFORTI Group amounted to approximately EUR 89.87 million, an increase of 134.66 % year-on-year.
On a cumulative basis, after four months of 2021, total sales in the AFORTI Group reached approximately EUR 349.17 million, an increase of 153.87 % year-on-year.
5) Total number of customers
In April 2021, the total number of customers in the AFORTI Capital Group was 6,144.
A table containing the reported estimates for April 2021 together with comparative data is attached to this current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 25/2021 – Completion of second offering of shares in Aforti PLC private placement
The Management Board of Aforti Holding S.A., with its registered office in Warsaw (hereinafter: “Company”, “Issuer”), in reference to the current report ESPI 43/2020 of 22 July 2020 concerning the conclusion of an agreement with a broker that will lead to an indirect public listing of the Issuer’s subsidiary Aforti Exchange S.A. based in Warsaw on the Main Market of the London Stock Exchange, ESPI current report 47/2020 dated August 18, 2020 regarding the establishment of the Issuer’s subsidiary AFORTI PLC based in the United Kingdom, ESPI current report 50/2020 dated September 1, 2020, ESPI current report 75/2020 dated December 10, 2020 regarding the revaluation of Aforti Exchange S. A. and ESPI 76/2020 dated December 11, 2020 regarding share capital increase of Aforti PLC and current report ESPI 15/2021 dated March 1, 2021 , informs that today the Issuer has been informed by its subsidiary Aforti PLC, based in the United Kingdom, that on April 30, 2021 it completed the second round of offering new issue shares in a private placement.
The second round was attended by 14 individual investors, who subscribed for a total of 284 261 shares in Aforti PLC for GBP 224 942.69, confirming a valuation of the company after paid-in capital of approximately GBP 29.7 million. The subsidiary will commence a third round of offering its shares in a private placement from 4 May 2021.
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 and another £4.5 million in an initial public offering on the LSE.
The offering of new issue shares in a private placement of Aforti PLC is related to the next stage of activities aimed at further implementation of the strategy of the Issuer’s Capital Group.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR EBI 24/2021 – Appointment of the first trading day for series I shares
The Management Board of Aforti Holding S.A. (the “Company”, “Issuer”), informs that the Management Board of the Warsaw Stock Exchange S.A., having considered the Issuer’s application for determining the first day of trading of series I shares, on 29 April 2021 adopted Resolution No. 460/2021, in which it determined 10 May 2021 as the date of first listing in the alternative trading system NewConnect of 1. 240,599 series I ordinary bearer shares of the Company with a nominal value of PLN 1 each, designated by the National Depository for Securities with the code “PLMNTHL00024”, subject to the condition that on 10 May 2021 these shares are assimilated with the shares of Company listed in the alternative trading system with the code “PLMNTHL00016”.
These shares will be listed in the continuous trading system under the abbreviated name “AFHOL” and the designation “AFH”.
Legal basis: Other regulations
CR ESPI 24/2021 – AFORTI Capital Group development strategy for 2021 – 2023
The Management Board of Aforti Holding S.A. (hereinafter: “Company”, “Issuer”) with its registered office in Warsaw, informs of the adoption on 28 April 2021 Resolution No. 01/28/04/2021 of the Board of Directors of the Company on the adoption of the document “AFORTI Capital Group Strategy for 2021-2023” (hereinafter: “Strategy”).
The primary objective of drawing up and adopting the Development Strategy for the Capital Group for 2021-2023, headed by Aforti Holding S.A., is to set and expand the directions of its further operation, systematically increasing the scale and profitability of its operations, and, in the long term, building the Group’s value for its shareholders.
The basic pillars of the Strategy are:
– debt collection segment
– company service platform – AFORTI.BIZ
– asset management segment
The Issuer intends to develop the activity of its Capital Group by building
a multi-product AFORTI.BIZ platform dedicated to small and medium enterprises and micro companies, offering services such as currency exchange, factoring, maintaining multi-currency accounts and currency transfers. The functionalities of the AFORTI.BIZ platform will be based on the EMI licence. The issuer plans to list AFORTI.BIZ on the London LSE through its UK based subsidiary Aforti PLC.
Using the AFORTI.BIZ platform, the Issuer plans to increase turnover tenfold by the end of 2023, as well as increasing the number of clients.
In order to meet the expectations of AFORTI investors, the Issuer intends to introduce a full product offering for managing clients’ assets.
Aforti Collections’ activities will be developed through the acquisition of debt portfolios and the expansion of the scale of debt servicing by order.
The Issuer intends to continue its territorial expansion into foreign markets through its presence in 11 countries of Central and Eastern Europe.
The Issuer strives to build the most transparent business structure possible. One of the activities which will serve this purpose will be making the Capital Group’s subsidiaries public. The Capital Group’s activities are aimed at obtaining stable external institutional financing in order to change the financing structure of its operations.
The Board of the Issuer notes that implementation of the above strategic objectives of the Aforti Group may have an impact on its economic, asset and financial situation and on further prospects of its development.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 23/2021 – Information regarding a significant agreement executed by a subsidiary company – Aforti PLC
The Board of Directors of Aforti Holding S.A., with its registered office in Warsaw, hereinafter referred to as “the Company”, “the Issuer”, in reference to the current report ESPI 5/2021 dated 27 January 2021, announces that today it has received information from Aforti PLC, a subsidiary based in the UK, that the condition for the acquisition of a 9,90% shares in an EU electronic money institution licensed under the applicable EU directives on payment services and electronic money (“EMI”) has been fulfilled. The above event will enable the appointment of a new board of directors in EMI and allow it to commence operations.
Once further conditions of the EMI share purchase agreement have been satisfied, including, but not limited to, obtaining approval from local EU regulators, Aforti PLC will be entitled to acquire the remaining shares
in EMI.
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