The board of Aforti Holding S.A. („the Company”, „the Issuer”) headquartered in Warsaw, in reference to the ESPI current report No. 16/2019 dated on 09/07/2019 regarding the registration of the subsidiary Aforti, UAB with its registered office in Vilnius (hereinafter: „Aforti, UAB”, „Subsidiary Company”), hereby announces to the public that that on July 26, 2019, the Subsidiary Company submitted an application for a license of the E-Money Institution institution (EMI) to the Lithuanian financial market supervision institution.
According to the best knowledge of the Management Board of the Subsidiary, the process of obtaining a license EMI may take from 3 to 12 months, and its final length is associated with preparing of additional documents for which the supervision institution in Lithuania may additionally request.
Obtaining the EMI license would enable Aforti, UAB to handle electronic money transactions, including transfers to third party accounts and handling cards and payment accounts.
The Issuer will inform about obtaining the aforementioned license by a separate current message.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information