The Management Board of Aforti Holding S.A. headquartered in Warsaw (hereinafter: „the Company”, „the Issuer”), in reference to the ESPI current report No. 11/2018 dated on 05.04.2018 regarding the adoption of the „Development Strategy for the Aforti Holding Capital Group for 2018-2020”, announces that on October 16, 2019, the Management Board of the Company adopted a resolution regarding the commencement of efforts to change the market of the Issuer’s shares quotation from the Alternative Trading System NewConnect market to the regulated market, thus implementing one of the main assumptions of the abovementioned Development Strategy of the Issuer’s Capital Group.
In relation to the above, the Management Board of the Company plans to start preparing, starting from January 1, 2021, the financial statements of the Issuer and consolidated financial statements of the Issuer’s Group in accordance with the International Financial Reporting Standards (IFRS) and International Standards Accounting (IAS).
At the same time, in order to maintain transparency and increase comparability with similar domestic and foreign entities, the Company’s Management Board also plans to publish periodic financial reports of the Issuer and its Capital Group for the years 2019 – 2020 in accordance with the Polish Accounting Standard applied so far (in a comparative system) and additional information in forms of selected financial data generated in 2020 in accordance with IFRS / IAS.
In the opinion of the Issuer’s Management Board, the implementation of IAS and preparation of financial statements in accordance with IAS will facilitate the Company’s stakeholders to obtain necessary information on the financial and economic situation of the Company and the Capital Group.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information