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CR 48/2020 – 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 18 August 2020, 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 Exchange 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 47/2020 – Establishment of a new company in the UK
The Management Board of Aforti Holding S.A. with its registered office in Warsaw, (hereinafter referred to as “the Company”, “Issuer”), with reference to the current report ESPI 43/2020 of 22 July 2020 informs that today, i.e. 18 August 2020 the Company has established a new wholly owned subsidiary under the name of AFORTI PLC based in the United Kingdom. The purpose of establishing the UK entity is to continue the process by which the Company’s FX business Aforti Exchange S.A., will seek admission to the Standard List of Main Market of the London Stock Exchange (“LSE”) and to seek access to further capital market financing, in order to develop the FX business further across Central and Eastern Europe.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 46/2020 – Adoption of the Own Share Buy-back Program
The Management Board of Aforti Holding S.A. with its seat in Warsaw, hereinafter referred to as the ‘Company’, ‘Issuer’, in relation to resolution No. 17 of the Ordinary General Meeting of the Company of 25 June 2020 on authorization of the Company’s Management Board to purchase the Company’s own shares based on and within the limits of the authorization granted by the General Meeting published in Current Report No. 34/2020 of 25 June 2020, informs that today, by resolution of the Management Board of Aforti Holding S.A., the Own Share Buy-back Program was adopted.
In order to make it public, the Issuer attached to this report detailed conditions of the Own Share Buy-back Program.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
RQ EBI 38/2020 – Individual and Consolidated quarterly report for Q II 2020
The Management Board of Aforti Holding S.A. based in Warsaw encloses herewith the individual and consolidated quarterly report for the second quarter of 2020.
Legal basis:
Article 5, Paragraph 1, Point 1) 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 45/2020 – The estimated operating and sales data for the AFORTI Group – July 2020.
The board of AFORTI Holding S.A. (“the Company”, “the Issuer”) with its registered seat in Warsaw, hereby announces to the public the estimated operating and sales data of the Aforti Group for July 2020.
1) Loans to entrepreneurs
In July 2020 AFORTI Finance did not grant any loans, which represents a decrease of 100% for the same month in 2019. The value of submitted applications amounted to PLN 132,205.18, which is 99.44% lower than in the same period of the previous year. Cumulatively, at the end of July 2020, the total value of loans granted to entrepreneurs amounted to
PLN 2,561,010.00, which is 84.59% less than in the previous year. At the same time, the total value of loan applications also decreased by 73.62 percent to PLN 40,457,413.47.
2) Exchange of currencies on online platforms
The value of trading on the FX platform in July 2020 was PLN 213,289,121.94, an 11.53% decrease compared to the same period last year.
After seven months of this year, the total value of trading on the currency exchange platform reached PLN 806,219,659.79, which means a reduction of 44.76 percent year-on-year.
3) Collection orders
The nominal value of debt collection orders in July 2020 was PLN 80,334,875.86. This represents an increase of 154.26% year-on-year. The number of debt collection orders was 15,047 and was 69.72% higher than in July 2019.
On a cumulative basis, after seven months of 2020, the nominal value of debt collection orders reached PLN 390,535,215.25, an increase of 43.51 percent. At the same time, there was an increase of 113.65% in the number of orders to 109,257.
4) Financed receivables
In July 2020, the value of the receivables financed by AFORTI Factor was PLN 2,166,037.53 and was 46.13% lower than last year. Cumulatively, after seven months of this year, AFORTI Factor financed a total of PLN 19,437,778.10 in receivables, down 21.96% year on year.
The table containing reported estimated data for July 2020 together with comparative data is included in the attachment to this current report.
The amounts have been converted to PLN based on the average NBP exchange rate on 31/07/2020.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information