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CR EBI 40/2020 – Correction of a writing mistake in EBI report 39/2020
The Management Board of Aforti Holding S.A. with its seat in Warsaw (hereinafter referred to as “the Company”, “Issuer”) hereby informs that in the content of the current EBI report no. 39/2020 of 4 September 2020 there has been an obvious miswriting. The mistake consists in giving the wrong name of the securities allocated to investors.
There was:
The allotment rate was 0.8016 and the amounts exceeding that will be returned to the investors subscribing for shares by the operator.
It should be:
The allotment rate was 0.8016 and the amounts in excess will be returned by the operator to the investors subscribing to the bonds.
The rest of the current report remains unchanged. Below the Issuer presents the full content of the EIB’s current report no. 39/2020, including the correction of the above mentioned clerical mistake:
The Management Board of Aforti Holding S.A. with its seat in Warsaw (hereinafter: “Company”, “Issuer”) hereby informs that on September 4, 2020 it adopted a resolution on the effectiveness of issuance of the Bonds series R01 in Romania and their allotment (hereinafter: “Bonds”), the subscription of which was carried out on the basis of the resolution of the Management Board of the Company of 26 August 2020 on the issue of the Company’s bonds in Romania.
Pursuant to the aforementioned resolution on the effectiveness of issuance of the Bonds series R01 in Romania and their allotment, the Company’s Management Board allotted a total of 20,000 (twenty thousand) Bonds with the nominal and issue value of RON 100.00 (one hundred thousand Romanian lei) each, with the total nominal value of RON 2,000,000.00 (two million Romanian lei). The offer was 1.24 times subscribed. The allotment rate was 0.8016 and the amounts in excess will be returned to the investors subscribing for bonds, by the operator.
The bonds series R01 are five-year unsecured unsecured bonds with the possibility of redemption by the Issuer starting from the third year. The bondholders shall be paid twice a year a coupon in a fixed amount equal to 10.00% per year. The redemption date of the Bonds series R01 falls on September 4, 2025. The issued bonds are denominated in Romanian lei and have been offered in a private placement, exclusively in the territory of Romania.
The Issuer informs that this is the first bond issue in Romania within the framework of a wider issue program of the Company, which took place in cooperation with the Romanian brokerage house SSIF GOLDRING SA.
The issued bonds will be introduced to trading on the Bucharest Stock Exchange and the funds raised from this bond issue will be used to develop the AFORTI Group’s operations in Romania.
Legal basis:
Article 3, Paragraph 1, Point 8) 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 39/2020 – Allocation of Bonds series R01 Aforti Holding Spółka Akcyjna
The Management Board of Aforti Holding S.A. with its seat in Warsaw (hereinafter: “Company”, “Issuer”) hereby informs that on September 4, 2020 it adopted a resolution on the effectiveness of issuance of the Bonds series R01 in Romania and their allotment (hereinafter: “Bonds”), the subscription of which was carried out on the basis of the resolution of the Management Board of the Company of 26 August 2020 on the issue of the Company’s bonds in Romania.
Pursuant to the aforementioned resolution on the effectiveness of issuance of the Bonds series R01 in Romania and their allotment, the Company’s Management Board allotted a total of 20,000 (twenty thousand) Bonds with the nominal and issue value of RON 100.00 (one hundred thousand Romanian lei) each, with the total nominal value of RON 2,000,000.00 (two million Romanian lei). The offer was 1.24 times subscribed. The allotment rate was 0.8016 and the amounts in excess will be returned to the investors subscribing for shares by the operator.
The bonds series R01 are five-year unsecured unsecured bonds with the possibility of redemption by the Issuer starting from the third year. The bondholders shall be paid twice a year a coupon in a fixed amount equal to 10.00% per year. The redemption date of the Bonds series R01 falls on September 4, 2025. The issued bonds are denominated in Romanian lei and have been offered in a private placement, exclusively in the territory of Romania.
The Issuer informs that this is the first bond issue in Romania within the framework of a wider issue program of the Company, which took place in cooperation with the Romanian brokerage house SSIF GOLDRING SA.
The issued bonds will be introduced to trading on the Bucharest Stock Exchange and the funds raised from this bond issue will be used to develop the AFORTI Group’s operations in Romania.
Legal basis:
Article 3, Paragraph 1, Point 8) 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 51/2020 – The estimated operating and sales data for the AFORTI Group – August 2020.
The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter: “Company”, “Issuer”) hereby publishes the estimated operating and sales data of AFORTI Group for August 2020.
1) Exchange of currencies on online platforms
The value of trading on the currency exchange platform in August 2020 amounted to PLN 173,136,532.36 and was 36.54% lower than in the corresponding period of the previous year.
After eight months of this year, the total value of trading on the currency exchange platform reached 977,476,723.96 PLN, a decrease of 43.46% year-on-year.
2) Collection orders
The nominal value of debt collection orders in August 2020 was 43 006 426.63 PLN. This represents an increase of 55.20 % year-on-year. The number of debt collection orders amounted to 14,408 and was 45.68 % higher than in August 2019.
On a cumulative basis, after eight months of 2020, the nominal value of debt collection orders reached 433,541,641.88 PLN, an increase of 44.56 %. At the same time, there was an increase of 102.63 % in the number of orders to 123 665.
3) Financed receivables
In August 2020, the value of the receivables financed by AFORTI Factor was PLN 2,034,128.46 and was 43.51% lower than a year ago.
Cumulatively, after eight months of this year, AFORTI Factor financed a total of PLN 21,471,906.56 of receivables, noting a 24.68% reduction compared to the previous year.
The table with reported estimated data for August 2020 together with comparative data is attached to this current report.
The amounts have been converted to PLN based on the average NBP exchange rate on 31/08/2020.
Due to suspension of the lending activity by Aforti Finance at the beginning of August 2020, of which the Company informed in the current report ESPI 44/2020 of August 4, 2020, the Issuer ceases to publish estimated operating and sales data from this sector.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 50/2020 – Information concerning the letter of intent
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (“the Company”, “Issuer”) with reference to the current report ESPI 32/2020 of 17 June 2020 concerning the conclusion of a letter
of intent to acquire a Cypriot entity in the process of obtaining a license of E-Money Institution (“EMI”) and in reference to the current report ESPI 47/2020 dated August 18, 2020 concerning the establishment of a wholly-owned subsidiary under the name of Aforti PLC based in the United Kingdom, which will be involved in the development of business on the basis of the EMI license – the Company informs that today the Issuer has abandoned the implementation of the provisions of the above mentioned letter of intent and ceased to be its direct party.
However, the Issuer informs that with the consent of the main shareholder of the Cypriot entity, its subsidiary Aforti PLC has become the party to the intent letter, with similar terms to the original ones.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 49/2020 – Conclusion of a significant agreement by the subsidiary Aforti Collections S.A.
The Management Board of Aforti Holding S.A. based in Warsaw (hereinafter referred to as the “Company”, “Issuer”) informs that it received information that on 27 August 2020 its subsidiary: Aforti Collections S.A., based in Warsaw (hereinafter: “Aforti Collections”), concluded a significant agreement on purchase of debt portfolio (hereinafter: “Agreement”) with DeltaWise OÜ, based in Tallinn (Estonia), operating in the debt collection sector.
On the basis of the concluded agreement, Aforti Collections purchased a portfolio of mature consumer loans with the total nominal value of PLN 8,231,334.
The terms and conditions of the Agreement do not deviate from the terms and conditions normally established for this type of agreements.
The criterion for considering the Agreement as a significant agreement was the fact that its estimated value of assets exceeds 10% of the equity of the Issuer’s Capital Group.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information