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Information concerning signing a letter of engagement regarding Aforti Exchange Bulgaria registration.
The Managment Board of Aforti Holding S.A. based in Warsaw, hereby informs that on 28 September 2016, signed the letter of engagement with Dinova Rusev & Partners …
Information concerning signing a letter of engagement regarding Aforti Exchange România’s registration.
The Managment Board of Aforti Holding S.A. based in Warsaw, hereby informs that on 7 September 2016, signed the letter of engagement with S.C.A. Bohâlţeanu&Asociaţii (hereinafter: BSMP). Resulting in …
Information concerning the change in the Issuer’s shareholding structure CR 76/2018
The Board of Directors of Aforti Holding S.A. (the Company”, “the Issuer”) headquartered in Warsaw, with reference to current report EBI No. 75/2017 dated on 26th October 2017 related to receiving by the Company on 25th of October 2017 written information from the Independent Department of Administration and Logistics by the Polish Scouting Association headquartered in Warsaw as the Pledgee (hereinafter: “ZAA”) entitled “Notification of recovery” from the pledged Company shares held by the shareholder Mr. Rafał Bednarczyk as the pledgee connected with the registered pledge agreement concluded between the parties of 11th of January 2017 by taking over the Company’s shares on the basis of art. 22 ust. 1 point 1) of the Act on registered pledges and the pledge register of December 6th, 1996 (Journal of Laws No. 149, item 703, as amended), hereby informs that on July 11th 2018, the Company has received written notification of the Shareholder (hereinafter: “Shareholder”) on the acquisition of 91,934 shares by package transaction concluded on 3rd of July, 2018 in the Alternative Trading System on the NewConnect market.
On the basis of information provided by the Shareholder, the shares were
acquired from ZAA.
Therefore, when entering into the transaction, the thresholds contained in Art. 69 par. 1 point 1 of the Act of July 29th, 2005 on Public Offering and conditions governing the financial Instruments to organized trading venue and public companies _Journal of Laws of 2013, item 1382, as amended_ have not been exeeded.
A shareholder, in conjunction with General Regulation on Personal Data Protection, did not agree to disclosure of his personal data.
At the same time, on June 15th, 2018, the Issuer’s Management Board informs has repeated a written inquiry to Mr. Rafał Bednarczyk in order to obtain information on the number of shares held by him. Until the date of publication of this report, this letter remained unanswered.
In addition, according to the current report 78/2018 dated November 3rd, 2017, the Issuer’s Management Board, whereas the obligations of a public company resulting from The MAR Regulation and the Act on Public Offering, in particular art. 69 and 70 of this Act, regarding Company’s difficulties in obtaining a reply directly from the shareholder Mr. Rafał Bednarczyk, has reiterated a written inquiry to the Office of the Polish Financial Supervision Authority regarding previously submitted letters concerning the obligation to inform the Company and the Office by Mr. Rafał Bednarczyk about the current status of Company’s shares.
On June 28th, 2018, the Issuer informs that the Office of the Polish Financial Supervision Authority provided the Company with a response, whereas the Office can not reply due to the obligation of professional secrecy pursuant to Art. 19 of the Act of July 29, 2005 on supervision over the capital market.
In conclusion, that until the date of publication of this report, the Board of Directors of the Company informs that based on the available information, the shareholding structure of the Company presents as follows:
1. Shareholder: Klaudiusz Sytek
Number of shares held: 6,566,216
Share in the share capital and in the total number of votes at the General
Meeting: 84.03%
2. Shareholder: Kamilla Sytek – Skonieczna
Number of shares held: 503,907
Share in the share capital and in the total number of votes at the General Meeting: 6.46%
3. Shareholder: Rafał Bednarczyk
The number of shares held: 411.864
Share in the share capital and in the total number of votes at the General Meeting: 5.28%
4. Shareholder: Other (Free float)
Number of shares held: 329.928
Share in the share capital and in the total number of votes at the General Meeting: 4.23%
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Information concerning the sale of debts in the Aforti Group CR 84/2019
The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public, that he got the information that on November 15, 2019, the Issuer’s subsidiaries: Aforti Finance S.A. based in Warsaw (hereinafter: “Aforti Finance”) and Aforti Factor S.A. with its registered office in Warsaw (hereinafter: “Aforti Factor”) concluded with Aforti Collections S.A. with its registered office in Warsaw (hereinafter: “Aforti Collections”) the assignment agreements of overdue receivables from loans granted and financed invoices of small and medium enterprises.
The above debt portfolios were acquired by Aforti Collections for a total price of PLN 5,100,000.00 (in words: five million one hundred thousand PLN). The agreements do not contain suspensive conditions, nor do they provide for contractual penalties, and their other provisions do not depart from market standards used for such contracts.
Conclusion of the above debt sale agreements are dictated by the growing scale of operations of Aforti Factor and Aforti Finance, as well as the market practice followed by domestic and foreign entities with a similar profile of activity. The Aforti Collections company, which belongs to the Capital Group, is a debt collection company specializing in receivables management, including the purchase and servicing of debt portfolios, which will allow achieving the optimal financial result on managed portfolios being the subject of sale.
The above transactions will have an impact on the consolidated financial results of the Aforti Group, which will be presented in the periodic report for the fourth quarter of 2019. Upon obtaining reliable information in the above scope, the Issuer’s Management Board will publish an appropriate current report.
Legal basis: Article 17 para. 1 MAR – confidential information
Information of the Company’s Management Board in response to investors’ questions regarding the project of obtaining a license EMI electronic money institutions CR 78/2019
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “the Company”, “the Issuer”), in connection with numerous questions from Shareholders and Investors addressed to the Company regarding the project to obtain an EMI (E-Money Institution) electronic money institution license by the Issuer’s subsidiary: Aforti, UAB with its registered office in Lithuania (hereinafter: “Aforti, UAB”, “Subsidiary”), wanting to maintain the principle of equal access to information for all Investors, hereby provides answers regarding the current status of the above. project.
Aforti, UAB was established and registered in July this year. Also in July 2019, the Subsidiary submitted an application for the licensing of an EMI (E-Money Institution) electronic money institution to the Lithuanian financial market supervision institution. The issuer informed about these events in current ESPI reports: No. 16/2019 of 16.07.2019 and 17/2019 of 7/26/2019.
Then in September, the Subsidiary responded to the questions to the application, received from Lietuvos Bankas (Bank of Lithuania) – the institution supervising the Lithuanian financial market. An important event in this period was also the appointment of the new board of Aforti, UAB. It was headed by Mr. Piotr Królikowski, who has over 20 years of professional experience in banking and financial services. He started his professional career at Bank Austria Creditanstalt (Polska) S.A., continued at Svenska Handelsbanken AB, Bank Millennium S.A., Deutsche Bank PBC S.A. He was also the Vice President of the Management Board at Bank BPH and a Member of the Supervisory Board at BPH Asset Management. He also worked for such institutions as Deloitte, Provident Polska and SGB Bank S.A.
The following were also appointed to the new board: Mr Mateusz Niemczyk and Mr Paweł Opoka, who are also members of the Issuer’s management board.
The necessity to change the first management of the Subsidiary was related to the results of activities checking the manner in which the team performed its duties (hereinafter: “Associates”). As a result of this verification, significant irregularities were found, in particular in respect of compliance with the Aforti Group corporate governance and improper conduct of the entrusted project related to the procedure for obtaining an EMI electronic money license, including by concealing relevant information related to the operations of the Subsidiary, which in the opinion of the Issuer’s Management Board can be regarded as acting to the detriment of the Issuer being the sole shareholder of the Subsidiary, to the detriment of the indicated Subsidiary, as well as the entire Capital Group of the Issuer by reducing its reputation. In connection with the discovery of the above irregularities, the Issuer’s Management Board on 27.08.2019 decided to terminate, by agreement of the parties, contracts concluded with Associates.
Due to the negative actions of former Associates, the Management Board addressed to these persons a request for the return of funds improperly collected by them in the amount of approx. 500 thousand. zlotys. It should also be mentioned that former Associates exposed the Subsidiary to a potential loss in the estimated amount of approximately PLN 140,000. euro. In the event of further actions of its former Associates that will harm the good name of the Company, the Management Board will consider bringing the case to court.
Further work related to the preparation for launching operations of Aforti, UAB is being carried out according to the schedule. Currently, in Lithuania, recruitment is underway for five newly created positions in the area of: contact with the regulator and supervisory authorities of the Lithuanian financial market, monitoring of counteracting money laundering transactions (AML), IT system security management, compliance and management of the compliance area, as well as support for employed managers. The Management Board of Aforti, UAB also began negotiations related to the selection of a registered office that meets the conditions relevant to the planned operations of the Subsidiary. Work is also underway to adapt the IT infrastructure owned by the Aforti Group to the requirements of the EMI license. The process of appropriate adaptation of IT systems and programs, selection of suppliers and extension of the programming base is underway.
At the same time, talks are underway to meet the capital requirements related to EMI. This is related to the main purpose of the EGM convened by the Issuer’s Management Board, which will take place on October 22 this year. which is the planned issue of the Issuer’s shares.
The Issuer’s Management Board would like to emphasize that the process of obtaining an EMI institution license is currently carried out by a qualified and experienced team. With the change of the management of the Subsidiary, the implementation of the project gained the right pace.
In the opinion of the Company’s Management Board, the publication of this announcement will allow investors and Shareholders of the Company to obtain a more complete picture of the project. This should also translate into a better understanding by the Company’s Stakeholders of the processes necessary for the entry of the Aforti Group into further foreign markets, in accordance with the adopted development strategy of the Group.
Legal basis:
Article 17 para. 1 MAR – confidential information