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CR ESPI 21/2021 – Execution of a Term Sheet Agreement for the acquisition of a factoring entity
The Management Board of Aforti Holding S.A., with its registered office in Warsaw, hereinafter referred to as the “Company” or the “Issuer”, in reference to ESPI Current Report No. 17/2021 dated 3 March 2021, informs that today, i.e. 24 March 2021, the preliminary non-binding offer for the purchase of a factoring company operating on the Croatian market (hereinafter referred to as the “Factor”) was accepted and the Parties entered into a Term Sheet Agreement on, inter alia, the following terms and conditions:
– the parties will work together to obtain the approval of the Croatian regulator to conclude the transaction,
– the Selling Party and the Factor shall act in the best interest of the Company and shall not materially change its business,
– all credits and loans of Faktor shall be repaid by the time of conclusion of the share purchase agreement
The Issuer has indicated the book value of Factor’s equity plus a negotiated EBITDA multiplier as the settlement price for the acquisition of up to 100% of the shares.
The signing of the Term Sheet Agreement by both parties to the transaction constitutes the beginning of the process of negotiating the final Share Purchase Agreement (SPA). The preliminary date for concluding the completion of the transaction is scheduled for 30 August 2021.
The acquisition of the entity from the Croatian market is aimed at joint achievement of the effect of synergy and obtaining the best possible economic results from the conducted investment project.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 20/2021 – 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 March 18, 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 Aforti Factor S.A..
The notifications are attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities
CR EBI 19/2021 – Buy out of the P11 series bonds
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter the “Company”, “Issuer”) informs that on March 17, 2021 it redeemed 414 units of P11 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 EBI 18/2021 – Buy out of the O4 series bonds
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter the “Company”, “Issuer”) informs that on March 16, 2021 it redeemed 1.205 units of O4 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 19/2021 – Notification of transactions of persons discharging managerial responsibilities
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (the “Company”, “Issuer”) hereby announces that on 15 March 2021 the Company received a notification of transactions by a person closely related to a person discharging managerial responsibilities in the Company.
The notification was submitted by Aforti Factor S.A.
The sale of the Issuer’s shares by Aforti Factor S.A. consisted of two transactions (1,130 shares and 580 shares) at a nominal price of PLN 1.00 per share and the purchasers were managers working in the Issuer’s Capital Group.
The transaction was incidental, related to series I shares of the Issuer, not yet introduced to trading on the NewConnect market and was intended to appreciate the best sales results achieved in the last financial year.
The notifications are attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities