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RQ EBI 38/2020 – Raport trimestrial individual și consolidat pentru trimestrul II 2020
The Management Board of Aforti Holding S.A. based in Warsaw encloses herewith the individual and consolidated quarterly report for the second quarter of 2020.
Legal basis:
Article 5, Paragraph 1, Point 1) of the Exhibit 3 „Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
RA ESPI 45/2020 – Datele estimate de operare și vânzări pentru grupul AFORTI – iulie 2020.
The board of AFORTI Holding S.A. („the Company”, „the Issuer”) with its registered seat in Warsaw, hereby announces to the public the estimated operating and sales data of the Aforti Group for July 2020.
1) Loans to entrepreneurs
In July 2020 AFORTI Finance did not grant any loans, which represents a decrease of 100% for the same month in 2019. The value of submitted applications amounted to PLN 132,205.18, which is 99.44% lower than in the same period of the previous year. Cumulatively, at the end of July 2020, the total value of loans granted to entrepreneurs amounted to
PLN 2,561,010.00, which is 84.59% less than in the previous year. At the same time, the total value of loan applications also decreased by 73.62 percent to PLN 40,457,413.47.
2) Exchange of currencies on online platforms
The value of trading on the FX platform in July 2020 was PLN 213,289,121.94, an 11.53% decrease compared to the same period last year.
After seven months of this year, the total value of trading on the currency exchange platform reached PLN 806,219,659.79, which means a reduction of 44.76 percent year-on-year.
3) Collection orders
The nominal value of debt collection orders in July 2020 was PLN 80,334,875.86. This represents an increase of 154.26% year-on-year. The number of debt collection orders was 15,047 and was 69.72% higher than in July 2019.
On a cumulative basis, after seven months of 2020, the nominal value of debt collection orders reached PLN 390,535,215.25, an increase of 43.51 percent. At the same time, there was an increase of 113.65% in the number of orders to 109,257.
4) Financed receivables
In July 2020, the value of the receivables financed by AFORTI Factor was PLN 2,166,037.53 and was 46.13% lower than last year. Cumulatively, after seven months of this year, AFORTI Factor financed a total of PLN 19,437,778.10 in receivables, down 21.96% year on year.
The table containing reported estimated data for July 2020 together with comparative data is included in the attachment to this current report.
The amounts have been converted to PLN based on the average NBP exchange rate on 31/07/2020.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
RA ESPI 44/2020 – Actualizare privind impactul efectelor COVID-19 asupra activităților emitentului și a grupului său de capital
The Management Board of AFORTI Holding S.A. with its registered office in Warsaw (hereinafter referred to as „the Company”, „Issuer”), with reference to the current report ESPI 9/2020 dated March 24th, 2020 (Information on the impact of the effects of COVID-19 on the activities of the Issuer and its Capital Group) and after reviewing the portfolio companies, informs about the occurrence of events affecting the financial results and economic situation of the Issuer.
The Issuer and its subsidiaries adjust their activity to the observed and expected needs of the market, therefore the Management Board of AFORTI Holding S.A. decided to increase their involvement in the three strategic pillars of their activity, i.e. subsidiaries: AFORTI Collections S.A., AFORTI Exchange S.A. and AFORTI Factor S.A., which present the greatest development potential in the current macroeconomic environment.
In the area of debt collection, carried out by the Issuer’s subsidiary: AFORTI Collections S.A., a significant increase in the number of orders obtained and acceleration of the transfer of overdue receivables by creditors is observed. AFORTI Collections S.A. operates effectively in the face of the epidemiological threat and related restrictions, noting better and better results month to month.
In terms of currency exchange services for entrepreneurs, provided by the Issuer’s subsidiary: AFORTI Exchange S.A., after a temporary decrease in turnover caused by the economic stagnation caused by the appearance of COVID-19 coronavirus, a significant increase in turnover value is currently observed and the company strengthens its position on the market.
The situation is stable in the case of factoring services, provided by the Issuer’s subsidiary: AFORTI Factor S.A. The Company adapted its offer to the current needs of its customers. At the same time, short-term financing of entrepreneurs in the form of factoring services, due to increased credit risk in the face of the COVID-19 pandemic, is a safe form of financing from the point of view of the AFORTI Group.
In the opinion of the Issuer’s Management Board, the loan business conducted by the Issuer’s subsidiary: AFORTI Finance S.A., due to the occurrence of the COVID-19 pandemic, is currently characterized by increased cost of financing offered by institutional investors from Poland and Europe and increased credit risk. Therefore, it has been decided to stop accepting applications and providing financing in the form of loans at the beginning of August 2020, and to focus operational resources on providing financing to enterprises based on factoring services, which are more suited to the current market situation.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
RA ESPI 43/2020 – Notificarea încheierii unui acord cu un broker de pe piața din Marea Britanie
The Management Board of Aforti Holding S.A. with its registered office in Warsaw, hereinafter referred to as „the Company”, „Issuer”, with reference to the current report ESPI 40/2020 of 8 July 2020 informs that today, i.e. 22 July 2020 The Company concluded an agreement with a broker operating on the British market EGR Corporate Broking Ltd with its registered office in London (the ‘Agreement’).
According to the concluded Agreement, EGR Corporate Broking Ltd is to indirectly make the Issuer’s subsidiary, Aforti Exchange S.A. based in Warsaw, publicly available on the Main Market of the London Stock Exchange („LSE”) and to raise up to EUR 5 million in a private placement and another GBP 4.5 million in an initial public offering on the LSE. The public disclosure should take place within six months of the conclusion of the Agreement.
Under the Agreement EGR Corporate Broking Ltd will act as sole financial advisor and lead broker. The Agreement provides for concluding additional agreements with other entities involved in the project, including other brokers.
The concluded Agreement is a realization of the strategy announced in the current report 11/2018 of April 4, 2018 consisting in the publication of Aforti Exchange on one of the foreign stock exchanges. The Issuer will inform about the next significant steps taken in the current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
RA ESPI 42/2020 – Notificarea tranzacțiilor cu persoane care își îndeplinesc responsabilitățile manageriale
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on 15 July 2020, the Company received a notification of transactions of an entity closely related to a person discharging managerial duties in the Company.
The notification was submitted by Aforti Exchange S.A.
The notifications are attached to this report.
Legal basis:
Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities