The board of Aforti Holding S.A. („the Company”, „the Issuer”) headquartered in Warsaw hereby announces to the public that on July 8, 2019 the Company received documents showing that on July 8, 2019 was registered a new subsidiary of the Issuer, named Aforti UAB headquartered in Vilnius (Lithuania) (hereinafter: „the Subsidiary Company”).
The Company holds 100% shares in the share capital of Aforti UAB.
Creating and registration of Aforti UAB is connected with implemented geographical expansion of the Aforti Group, led by the Issuer. Therefore, in the coming weeks, the Subsidiary will submit an application for obtaining a license of an EMI institution for handling electronic money transactions, including transfers to third party accounts and handling cards and payment accounts.
The Issuer will inform with a separate current message about submitting the application.
The registration of the Subsidiary is also an implementation the development strategy of the Aforti Group for 2018-2020, published by the Issuer in the current report ESPI No. 11/2018 on April 5, 2018. One of the objectives of this strategy is the entry of the Aforti Group into the markets of at least seven European countries, including the Czech Republic, Hungary, Albania and Macedonia.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information