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    AFH   PLMNTHL00016

AFORTI HOLDING S.A.

(AFH)
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Aforti S A : CR ESPI 21/2021 – Execution of a Term Sheet Agreement for the acquisition of a factoring entity

03/24/2021 | 02:09pm EDT

The Management Board of Aforti Holding S.A., with its registered office in Warsaw, hereinafter referred to as the 'Company' or the 'Issuer', in reference to ESPI Current Report No. 17/2021 dated 3 March 2021, informs that today, i.e. 24 March 2021, the preliminary non-binding offer for the purchase of a factoring company operating on the Croatian market (hereinafter referred to as the 'Factor') was accepted and the Parties entered into a Term Sheet Agreement on, inter alia, the following terms and conditions:
- the parties will work together to obtain the approval of the Croatian regulator to conclude the transaction,
- the Selling Party and the Factor shall act in the best interest of the Company and shall not materially change its business,
- all credits and loans of Faktor shall be repaid by the time of conclusion of the share purchase agreement

The Issuer has indicated the book value of Factor's equity plus a negotiated EBITDA multiplier as the settlement price for the acquisition of up to 100% of the shares.

The signing of the Term Sheet Agreement by both parties to the transaction constitutes the beginning of the process of negotiating the final Share Purchase Agreement (SPA). The preliminary date for concluding the completion of the transaction is scheduled for 30 August 2021.

The acquisition of the entity from the Croatian market is aimed at joint achievement of the effect of synergy and obtaining the best possible economic results from the conducted investment project.

Legal basis: Article 17 paragraph 1 of the MAR - confidential information

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Disclaimer

Aforti Holding SA published this content on 24 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 19:08:03 UTC.


© Publicnow 2021
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Financials
Sales 2020 1 010 M 270 M 270 M
Net income 2020 3,72 M 0,99 M 0,99 M
Net cash 2020 57,2 M 15,3 M 15,3 M
P/E ratio 2020 21,9x
Yield 2020 -
Capitalization 63,3 M 16,9 M 16,9 M
EV / Sales 2019 0,21x
EV / Sales 2020 0,02x
Nbr of Employees 55
Free-Float 2,64%
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Ludwik Sobolewski Member-Supervisory Board
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