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Datele operaționale și de vânzări estimate ale filialelor Aforti Finance S.A., Aforti Finance Romania IFN S.A., Aforti Exchange S.A., Aforti Exchange România S.A., Aforti Collections S.A. și Aforti Factor S.A. – Octombrie 2019 RA 82/2019
The board of Aforti Holding S.A. („the Company”, „the Issuer”) headquartered in Warsaw hereby announces to the public the estimated operational and sales results of Aforti Finance S.A., Aforti Finance Romania IFN S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. the Issuer’s subsidiaries for October 2019
1) The estimated operational and sales results of Aforti Finance S.A. for October 2019:
In October 2019 Aforti Finance S.A. granted 16 loans (decrease by 71,93%) with a total value of PLN 1 812,95 thousand, which is a decrease of 62,71% compared to the same month of 2018.
The value of submitted applications amounted to PLN 13 355,31 thousand and that is a result lower by 64,43% compared to the same period of the previous year. In October 2019, there were filed 111 loan applications, what in relation to the same month of 2018 is a reduction of 66,06%.
Cumulatively, after ten months of 2019, Aforti Finance SA granted 141 loans (71,46% less YoY) with total value PLN 20 846,49 thousand and it is a decrease by 58,33% compared to 2018. In the period from January to the end of October 2019, there were filed 1 194 loan applications with total value PLN 185 477,06 thousand. The number of submitted applications was reduced by 63,41%, and their total value by 54,92% in relation to the same period in the previous year.
2) The estimated operational and sales results of Aforti Finance Romania IFN S.A. for October 2019:
In October 2019, Aforti Finance Romania IFN S.A. – an entity operating in Romania – has granted 3 loans to entrepreneurs. Its total value amounted to RON 434,99 thousand. In addition, Romanian entrepreneurs submitted 5 applications last month for a total amount of RON 1 076,99 thousand.
At the same time, after ten months of this year the Company accepted 68 loan applications with a total value of RON 12 333,98 thousand. In this time were granted 14 loans with total value of RON 1 466,33 thousand.
On 31/10/2018, the Company obtained a license of a non-banking financial institution (IFN) allowing it to start operating activities.
3) The estimated operational and sales results of Aforti Exchange S.A. for October 2019:
The currency exchange platform’s turnover in October 2019 reached EUR 36 091,96 thousand and was higher by 8,66% compared to the same period of the previous year.
At the same time, after ten months of the 2019, the turnover reached the level of EUR 366 496,48 thousand, an increase of 77,59% year-on-year.
4) The estimated operational and sales results of Aforti Exchange Romania S.A. for October 2019 :
The value of trading on the currency exchange platform in Romania in October 2019 amounted to EUR 20 180,47 thousand which is an increase of 55,56% in relation to October 2018.
In the period from January to the end of October 2019, Aforti Exchange Romania S.A. recorded EUR 138 764,67 thousand of the total turnover value, which in comparison to the previous year is an increase of 192,39%.
5) The total estimated operational and sales data of Aforti Exchange for October 2019:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in October 2019 amounted to EUR 56 272,43 thousand, which in comparison to the same period in the previous year means an increase of 21,83%.
At the same time, cumulatively after ten months of 2019 the total value of turnover reached the level of EUR 253 835,26 thousand and it increased year-on-year by 99,05%
6) The estimated operational and sales results of Aforti Collections S.A. for October 2019:
Nominal value of debt collection commissions on October 2019 reached PLN 13 434,02 thousand. This is an increase by 1126,27% YoY. The number of recovery orders amounted to 5 396 and was higher by 525,26% compared to October 2018. The company concluded one contract in the indicated month (lower by 85,71%).
Cumulatively, after ten months of 2019, the nominal value of the debt collection orders amounted to PLN 334 454,67 thousand, which is an increase by 2522,47% year-on-year. The number of orders also increased by 2344,63% to 71 701. At the same time, the number of debt recovery agreements concluded after the ten months of 2019, decreased by 26,56% to 47.
7) The estimated operational and sales results of Aforti Factor S.A. for October 2019:
In October 2019 the value of receivables financed by Aforti Factor S.A. amounted to PLN 2 770,39 thousand and was lower by 18,29% than in the previous year.
Further, after ten months current year, this value reached level of PLN 36 335,82 thousand, recording an increase of 77,45% year-on-year.
A table containing estimated additional data, reported for October 2018 together with the comparative data, can be found in an annex to the current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
Lista acționarilor care dețin cel puțin 5% din voturi la Adunarea generală anuală a societății Aforti Holding S.A. pe 22 octombrie 2019 RA 81/2019
The Management Board of Aforti Holding S.A. based in Warsaw („the Company”, „the Issuer”) is making available to the public the list of shareholders holding at least 5% votes of the Extraordinary General Meeting of the Issuer, which was held on 22/10/2019:
1) Klaudiusz Sytek
The number of registered shares at the Extraordinary General Meeting: 6.556.216
The number of votes from registered shares: 6.566.216
Share in the number of votes at the Extraordinary General Meeting: 89,75%
Share in the total number of votes: 84,03%
2) Kamilla Sytek – Skonieczna
The number of registered shares at the Extraordinary General Meeting: 508.418
The number of votes from registered shares: 508.418
Share in the number of votes at the Extraordinary General Meeting: 6,96%
Share in the total number of votes: 6,52%
Shareholders present at the Extraordinary General Meeting held a total of 7.314.634 votes. The total number of shares issued by the Company is 7,801,915, and the number of votes resulting from these shares is 7.801.915.
Legal basis:
Article 70 point 2 of the Act of 29 July 2005 on public offer and conditions for introducing financial instruments to organized trading system and on public companies (General Meeting of Shareholders – the list above 5%)
Numirea unui membru al consiliului de supraveghere RA 80/2019
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on October 22, 2019 the Extraordinary General Meeting of Shareholders of the Company adopted a resolution resolution appointing Mr Krzysztof Rabiański to the Supervisory Board.
The professional resume of the newly appointed Member of the Supervisory Board is attached to this report.
According to the statement provided by Mr. Krzysztof Rabiański, he does not conduct any form of competition competitive to the Issuer, does not participate in a competitive company as a partner in a civil law partnership, partnership or as a member of the body of a capital company and does not participate in another competitive legal person as a member of its authority. In addition, according to the statement of the newly appointed Member of the Issuer’s Supervisory Board, he is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act.
Legal basis:
Article 3, Paragraph 1, Point 7) of the Exhibit 3 „Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Conținutul rezoluțiilor adoptate de MEG al Companiei Holding Aforti la 22 octombrie 2019. RA 79/2019
The Management Board of Aforti Holding S.A. based in Warsaw („the Company”, „the Issuer”), hereby informs that the Extraordinary General Meeting of Company on October 22, 2019 („the EGM”) adopted the resolutions, which content is attached to this report.
The EGM of the Issuer on October 22, 2019 did not withdraw from consideration of any items in the planned agenda and no objections were raised to the protocol.
In connection with the adoption by the Extraordinary General Meeting of Resolutions 4 and 7, the EGM also decided to change the content of the Company’s Charter and pursuant to Resolution No. 10 authorized the Issuer’s Supervisory Board to determine the uniform text of the Issuer’s Charter. The Issuer’s Management Board in a separate attachment announces the changes that will be introduced to the content of the uniform text of the Company’s Charter.
Legal basis:
Article 4, Paragraph 2, Point 7-9 of the Exhibit 3 „Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Article 4, Paragraph 2, Point 2 of the Exhibit 3 „Current and Periodical Information in the Alternative Trading System on the NewConnect market” to the Alternative Trading System Rules
Informații ale consiliului de administrație al companiei ca răspuns la întrebările investitorilor cu privire la proiectul obținerii unei licențe de instituție monetară electronică EMI RA 78/2019
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: „the Company”, „the Issuer”), in connection with numerous questions from Shareholders and Investors addressed to the Company regarding the project to obtain an EMI (E-Money Institution) electronic money institution license by the Issuer’s subsidiary: Aforti, UAB with its registered office in Lithuania (hereinafter: „Aforti, UAB”, „Subsidiary”), wanting to maintain the principle of equal access to information for all Investors, hereby provides answers regarding the current status of the above. project.
Aforti, UAB was established and registered in July this year. Also in July 2019, the Subsidiary submitted an application for the licensing of an EMI (E-Money Institution) electronic money institution to the Lithuanian financial market supervision institution. The issuer informed about these events in current ESPI reports: No. 16/2019 of 16.07.2019 and 17/2019 of 7/26/2019.
Then in September, the Subsidiary responded to the questions to the application, received from Lietuvos Bankas (Bank of Lithuania) – the institution supervising the Lithuanian financial market. An important event in this period was also the appointment of the new board of Aforti, UAB. It was headed by Mr. Piotr Królikowski, who has over 20 years of professional experience in banking and financial services. He started his professional career at Bank Austria Creditanstalt (Polska) S.A., continued at Svenska Handelsbanken AB, Bank Millennium S.A., Deutsche Bank PBC S.A. He was also the Vice President of the Management Board at Bank BPH and a Member of the Supervisory Board at BPH Asset Management. He also worked for such institutions as Deloitte, Provident Polska and SGB Bank S.A.
The following were also appointed to the new board: Mr Mateusz Niemczyk and Mr Paweł Opoka, who are also members of the Issuer’s management board.
The necessity to change the first management of the Subsidiary was related to the results of activities checking the manner in which the team performed its duties (hereinafter: „Associates”). As a result of this verification, significant irregularities were found, in particular in respect of compliance with the Aforti Group corporate governance and improper conduct of the entrusted project related to the procedure for obtaining an EMI electronic money license, including by concealing relevant information related to the operations of the Subsidiary, which in the opinion of the Issuer’s Management Board can be regarded as acting to the detriment of the Issuer being the sole shareholder of the Subsidiary, to the detriment of the indicated Subsidiary, as well as the entire Capital Group of the Issuer by reducing its reputation. In connection with the discovery of the above irregularities, the Issuer’s Management Board on 27.08.2019 decided to terminate, by agreement of the parties, contracts concluded with Associates.
Due to the negative actions of former Associates, the Management Board addressed to these persons a request for the return of funds improperly collected by them in the amount of approx. 500 thousand. zlotys. It should also be mentioned that former Associates exposed the Subsidiary to a potential loss in the estimated amount of approximately PLN 140,000. euro. In the event of further actions of its former Associates that will harm the good name of the Company, the Management Board will consider bringing the case to court.
Further work related to the preparation for launching operations of Aforti, UAB is being carried out according to the schedule. Currently, in Lithuania, recruitment is underway for five newly created positions in the area of: contact with the regulator and supervisory authorities of the Lithuanian financial market, monitoring of counteracting money laundering transactions (AML), IT system security management, compliance and management of the compliance area, as well as support for employed managers. The Management Board of Aforti, UAB also began negotiations related to the selection of a registered office that meets the conditions relevant to the planned operations of the Subsidiary. Work is also underway to adapt the IT infrastructure owned by the Aforti Group to the requirements of the EMI license. The process of appropriate adaptation of IT systems and programs, selection of suppliers and extension of the programming base is underway.
At the same time, talks are underway to meet the capital requirements related to EMI. This is related to the main purpose of the EGM convened by the Issuer’s Management Board, which will take place on October 22 this year. which is the planned issue of the Issuer’s shares.
The Issuer’s Management Board would like to emphasize that the process of obtaining an EMI institution license is currently carried out by a qualified and experienced team. With the change of the management of the Subsidiary, the implementation of the project gained the right pace.
In the opinion of the Company’s Management Board, the publication of this announcement will allow investors and Shareholders of the Company to obtain a more complete picture of the project. This should also translate into a better understanding by the Company’s Stakeholders of the processes necessary for the entry of the Aforti Group into further foreign markets, in accordance with the adopted development strategy of the Group.
Legal basis:
Article 17 para. 1 MAR – confidential information