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    AFH   PLMNTHL00016

AFORTI HOLDING S.A.

(AFH)
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Aforti S A : CR ESPI 23/2021 – Information regarding a significant agreement executed by a subsidiary company – Aforti PLC

04/27/2021 | 11:33am EDT

The Board of Directors of Aforti Holding S.A., with its registered office in Warsaw, hereinafter referred to as 'the Company', 'the Issuer', in reference to the current report ESPI 5/2021 dated 27 January 2021, announces that today it has received information from Aforti PLC, a subsidiary based in the UK, that the condition for the acquisition of a 9,90% shares in an EU electronic money institution licensed under the applicable EU directives on payment services and electronic money ('EMI') has been fulfilled. The above event will enable the appointment of a new board of directors in EMI and allow it to commence operations.

Once further conditions of the EMI share purchase agreement have been satisfied, including, but not limited to, obtaining approval from local EU regulators, Aforti PLC will be entitled to acquire the remaining shares
in EMI.

The acquisition of EMI is part of the Aforti Group's strategy to become a pan-European provider of comprehensive financial solutions for Small and Medium Enterprises. The Issuer will inform about further stages of the investment in subsequent current reports.

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

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Disclaimer

Aforti Holding SA published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 15:32:06 UTC.


© Publicnow 2021
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Financials
Sales 2020
Net income 2020
Net Debt 2020
P/E ratio 2020
Yield 2020
Capitalization 60,6 M 15,9 M 16,0 M
EV / Sales 2020
EV / Sales 2021 0,15x
Nbr of Employees 56
Free-Float 2,64%
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Consensus
 
Mean consensus -
Number of Analysts 1
Last Close Price 6,70 PLN
Average target price 12,00 PLN
Spread / Average Target 79,1%
Managers and Directors
NameTitle
Ludwik Sobolewski Member-Supervisory Board
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