The Management Board of Aforti Holding S. A. with its registered office in Warsaw (hereinafter “Company”) hereby informs that on 14th November 2017, as a consequence of an offer addressed at more than a dozen, Investors Aforti Finance S.A., subsidiary company with its registered office in Warsaw (hereinafter “Subsidiary Company”), transferred 675 868 shares, which constitute 6.8 % of all shares held by the Company before the transaction. Upon conclusion of the transaction, the Company holds 84.21 % of shares of the Subsidiary Company.
The Management Board of the Company further informs that the transfer price amounted to PLN 3.20 per share, which translates into the Subsidiary Company’s valuation at the level of PLN 35 200 000.00 As a result of the Subsidiary Company shares transfer transaction concluded, the Company received PLN 2 162 777.60
The Subsidiary Company shares transfer is an element of business strategy which is being implemented and is related to the development plans for the next years of the company’s operation, which include introducing the Subsidiary Company to the NewConnect Market.
The Management Board of the Company moreover informs that it does not consider and does not plan to sell the Subsidiary’s shares to a degree which would cause loss of the dominant shareholder’s position and consequently loss of control over the Subsidiary.
Legal basis: Article 17 Section 1 MAR (Market Abuse Regulation) – Confidential Information.