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CR ESPI 24/2022 Correction of the current report ESPI 23/2022 concerning the operational and sales estimates of the AFORTI Group – August 2022.
Management Board of AFORTI Holding S.A. with its registered office in Warsaw (hereinafter: the “Company” “Issuer”) hereby announces to the public the correction of the current report ESPI 23/2022 regarding the estimated operating and sales data of the AFORTI Group for August 2022. The writing error occurred in the content of the ESPI current report 23/2022, in sections 1), 2), and 4) regarding estimated financial data in the field of currency exchange, debt collection orders, and total sales of the AFORTI Capital Group, as well as in Annex 1 to the current report ESPI 23/2022 in the tables on Aforti Exchange, Aforti Collections and the AFORTI Capital Group. Other information remained unchanged. Below we present the content of the report after taking into account the correction:
1) Currency exchange on online platforms
The trading value on the currency exchange platform in August 2022 amounted to approximately PLN 477.16 million and was 21.90 % higher compared to the same period of the previous year.
On a cumulative basis, after eight months of 2022, the total value of trading on the foreign exchange platform reached approximately PLN 3 378.94 million, representing a year-on-year increase of 19.16%.
2) Recovery orders
The nominal value of recovery orders in August 2022 amounted to approximately PLN 105.77 million and was 149.71 % higher year-on-year.
On a cumulative basis, after eight months of 2022, the nominal value of collection orders reached approximately PLN 719.32 million, registering a year-on-year increase of 48.91 %.
3) Debt claims financed
In August 2022, the value of financed receivables by AFORTI Factor amounted to approximately PLN 0.21 million and was down 28.68% year-on-year.
On a cumulative basis, after eight months of the current year AFORTI Factor financed a total of approx. PLN 2.69 million of receivables, recording a reduction of 65.43 % year-on-year.
4) Total sales
In August 2022, total sales in the AFORTI Group amounted to approximately EUR 139.03 million, up 44.19 % year-on-year.
On a cumulative basis, after eight months of 2022, the total value of sales in the AFORTI Group reached approximately EUR 977.72 million, an increase of 31.78 % year-on-year.
5) Total number of customers
In August 2022, the total number of customers in the AFORTI Group was 7.137 and was 10.87 % higher than in the same period of the previous year.
A table containing the reported estimates for August 2022 together with comparative data is attached to this current report.
CR ESPI 25/2020 – The estimated operating and sales data for the AFORTI Group – May 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 May 2020.
1) Loans for entrepreneurs
In May 2020 Aforti, the value of loans granted by Aforti Finance in Poland reached
PLN 112,374.41, which represents a decrease of 94.90% year on year in 2019. The value of submitted applications was PLN 4,550,470.03, a decrease of 84.25% compared to the same period last year.
Cumulatively, at the end of May 2020, the total value of loans granted to entrepreneurs in the country amounted to PLN 2,231,076.16, which is 79.85% less than in the previous year. At the same time, the total value of loan applications also decreased by 71.58% to PLN 33,261,165.08.
2) Currency exchange on online platforms
The value of trading on the FX platform was PLN 81,567,924.21 in May 2020, a decrease of 64.72% year on year.
After five months of 2012, the total value of trading on the currency exchange platform reached PLN 473,540,892.03, which means a reduction of 53.88% year-on-year.
3) Collection orders
The nominal value of recovery orders in May 2020 was PLN 50,321,519.43. This represents an increase of 4.79% year-on-year. The number of collection orders was 22,535 and was 118.07% higher than in May 2019.
On a cumulative basis, after five months of 2020, the nominal value of recovery orders reached PLN 239,641,978.72, an increase of 26.30 percent. At the same time, the number of orders increased by 81.53 percent to 67,384.
4) Financed claims
In May 2020, the value of receivables financed by Aforti Factor was PLN 2,899,637.09 and was 10.19% lower than last year. Cumulatively, after five months of the year Aforti Factor financed a total of PLN 14,668,149.24 in receivables, down 10.19% year on year.
The table containing reported estimated data for May 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 29/05/2020.
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 ESPI 25/2022 Activities related to the implementation of the Issuer’s strategy
The Management Board of Aforti Holding S.A., headquartered in Warsaw (hereinafter: “the Company”, “the Issuer”) informs that on September 20, 2022, it decided to postpone further activities related to the implementation of the Issuer’s strategy in the area of asset management business development to 2023. The decision was made after the Issuer analyzed its organizational capabilities and prospects for further development of the Issuer’s Capital Group, particularly those resulting from the active development of the EMI project, as well as the dynamic development of activities in the area of debt collection and foreign exchange.
The organizational, technological, and legal solutions held by the Issuer’s Capital Group, including the obtained notification allowing for cross-border operations in all 29 countries of the European Economic Area (about which the Issuer informed in the current report ESPI No. 64/2021 of December 23, 2021) enable the development of activities currency exchange platforms and the EMI project, providing services to small and medium-sized enterprises. The decision to postpone activities related to the development of the asset management area to the next year is also a result of the great interest of potential clients in the debt collection and currency exchange offer. In order to optimally use its resources, the Issuer made the above decision, which will allow it to focus on the development of services currently offered by the Issuer’s Capital Group. The purpose of such activities is to rapidly increase the scale of business conducted by the Issuer’s subsidiaries in the markets of factoring, debt collection, currency exchange, and the EMI project.
In connection with the above, the Issuer will immediately proceed to renegotiate the agreements concluded with Alpine Limited related to the purchase of shares in Mori Capital Management Limited, that the Issuer informed in the current report ESPI No. 20/2022.
The Issuer will inform about further stages of strategy implementation in relevant current reports.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 26/2020 – 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 1st June 2020 the Company received the notification about transactions of person discharging managerial responsibilities in the Company.
The notification was made by the President of the Management Board of the Company.
The notifications are attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities