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Buy out of the N23 series bonds CR 42/2019
The Management Board of Aforti Holding SA based in Warsaw (“the Company”, “the Issuer”) hereby announces, that on May 27, 2019 in accordance with the Conditions of Issue which comprised an annex to Resolution of the Board no 04/25/04/2017 dated on April 25, 2017, it purchased 769 of the N23 series Bonds to redemption them.
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
Individual and Consolidated quarterly report for Q I 2019 QR 41/2019
The Management Board of Aforti Holding S.A. based in Warsaw encloses herewith the individual and consolidated quarterly report for the first quarter of 2019.
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
Appointment of a new Board Member CR 40/2019
The Management Board of Aforti Holding S.A. based in Warsaw (hereinafter: “the Company”, ” the Issuer”) hereby informs that on May 8, 2019 the Supervisory Board of the Company adopted a resolution on appointing Mr Mateusz Niemczyk to the Management Board and entrusting him with the function of Vice President of the Management Board from the date May 8, 2019.
Mr Mateusz Niemczyk, as a Member of the Management Board, will be responsible for the area related to building and conducting investor relations with institutional investors and projects dedicated to raising funds for the foreign development of Issuer’s Capital Group.
The professional resume of the newly appointed Member of the Management Board is attached to this report.
Legal basis:
Article 3, Paragraph 1, Point 7) of the Exhibit 3 „Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Information regarding to create the provisions by the subsidiaries CR 39/2019
The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public that in the course of work on the Issuer’s consolidated annual financial report for the 2018, became aware that the management boards of its subsidiaries: Aforti Finance S.A. headquartered in Warsaw (hereinafter: “Aforti Finance”) and Aforti Factor S.A. headquartered in Warsaw (hereinafter: “Aforti Factor”), following the precautionary principle, they decided to create provisions in total PLN 1 261 850,46 with effect on December 31, 2018.
In accordance with the decision of the Management Board of Aforti Finance, a provision was established in the amount of 1 134 441,55 PLN towards the repaid receivables from loans granted by the company.
At the same time, the Management Board of Aforti Factor decided to set up provisions in the amount of 127 408,91 PLN on account the repaid receivables from supported factoring agreements.
These provisions were not included in the condensed financial statements for the fourth quarter of 2018 published by the Company in a quarterly report on February 14, 2019, no. 13/2019.In accordance with the best knowledge of the Issuer’s Management Board, the above-mentioned provisions may affect the consolidated net result generated by the Aforti Group for 2018.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
The estimated operational and sales data of subsidiaries Aforti Finance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. – April 2019 CR 38/2019
The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public the estimated operational and sales results of Aforti Finance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. the Issuer’s subsidiaries for April 2019
1) The estimated operational and sales results of Aforti Finance S.A. for April 2019:
In April 2019 Aforti Finance S.A. granted 16 loans (decrease by 71.93%) with a total value of PLN 2 127,00 thousand, which is a decrease of 71.75% compared to the same month of 2018. The value of submitted applications amounted to PLN 21 629,12 thousand and that is a result lower by 60.69% compared to the same period of the previous year. In April 2019, there were filed 121 loan applications, what in relation to the same month of 2018 is a reduction of 66.11%.
Cumulatively, after four months of 2019, Aforti Finance SA granted 69 loans (68.64% less YoY) with total value PLN 9 315,13 thousand and it is a decrease by 58.64% compared to 2018. In the period from January to the end of April 2019, there were filed 603 loan applications with total value PLN 86 848,10 thousand. The number of submitted applications was reduced by 51.64%, and their total value by 41.12% in relation to the same period in the previous year.
2) The estimated operational and sales results of Aforti Finance Romania IFN S.A. for April 2019:
In April 2019, Aforti Finance Romania IFN S.A. – an entity operating in Romania – accepted the first entrepreneurs’ applications for non-banking loans. Last month, Romanian entrepreneurs submitted 3 applications with a total value of RON (Romanian currency) 813,20 thousand.
On 31/10/2018, the Company obtained a license of a non-banking financial institution (IFN) allowing it to start operating activities.
3) The estimated operational and sales results of Aforti Exchange S.A. for April 2019:
The currency exchange platform’s turnover in April 2019 reached EUR 39 019,48 thousand and was higher by 108.66% compared to the same period of the previous year.
At the same time, after four months of the 2019, the turnover reached the level of EUR 138 251,13 thousand, an increase of 113.30% year-on-year.
4) The estimated operational and sales results of Aforti Exchange Romania S.A. for April 2019 :
The value of trading on the currency exchange platform in Romania in April 2019 amounted to EUR 10 986,52 thousand which is an increase of 273.44% in relation to April 2018.
In the period from January to the end of April 2019, Aforti Exchange Romania S.A. recorded EUR 41 780,51 thousand of the total turnover value, which in comparison to the previous year is an increase of 311.46%.
5) The total estimated operational and sales data of Aforti Exchange for April 2019:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in April 2019 amounted to EUR 50 006,00 thousand, which in comparison to the same period in the previous year means an increase of 131.06%.
At the same time, cumulatively after the four months of 2019 the total value of turnover reached the level of EUR 180 031,64 thousand and it increased year-on-year by 140.14%
6) The estimated operational and sales results of Aforti Collections S.A. for April 2019:
Nominal value of debt collection commissions on April 2019 reached PLN 36 250,46 thousand. This is an increase by 46854.82% YoY. The number of recovery orders amounted to 8909 and was higher by 445350.00% compared to April 2018. The company concluded seven contracts in the indicated month (more by 250.00%).
Cumulatively, after four months of 2019, the nominal value of the debt collection orders amounted to PLN 141 481,77 thousand, which is an increase by 1712.70% year-on-year. The number of orders also increased by 2731.63% to 26 589. At the same time, the number of debt recovery agreements concluded after the four months of 2019, increased by 140.00% to 24.
7) The estimated operational and sales results of Aforti Factor S.A. for April 2019:
In April 2019 the value of receivables financed by Aforti Factor S.A. amounted to PLN 1 710,71 thousand and was higher by 9.81% than in the previous year.
Further, after four months current year, this value reached level of PLN 12 025,90 thousand, recording an increase of 167.79% year-on-year.
A table containing estimated additional data, reported for April 2018 together with the comparative data, can be found in an annex to the current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information