TheManagement Board of AFORTI Holding S.A. w restrukturyzacji (inrestructuring) with its registered office in Warsaw (hereinafterreferred to as the _quot;Company_quot; or _quot;Issuer_quot;), acting under Article 17paragraph 1 in conjunction with Article 17 paragraph 4 of Regulation(EU) No 596/2014 of the European Parliament and of the Council of 16April 2014 on market abuse and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC (_quot;MAR Regulation_quot;), hereby makespublic the content of the delayed inside information, the provision ofwhich was delayed on 25 September 2024.
Contentof confidential information whose publication has been delayed:
TheManagement Board of AFORTI Holding S.A. in restructuring with itsregistered office in Warsaw (hereinafter referred to as the _quot;Company_quot;)hereby informs that on September 25, 2024, it became aware of theconclusion by the subsidiary Aforti Factor Polska S.A. (hereinafterreferred to as the _quot;subsidiary_quot;) with Mr. Paweł Lewandowski, who holds arestructuring advisor license no. 735 and the title of qualifiedrestructuring advisor, of an agreement dated September 25, 2024 tosupervise the course of the proceedings for approval of the subsidiary'sarrangement pursuant to the Act of May 15, 2015 - Restructuring Law. Theagreement was concluded for the purpose of conducting restructuringproceedings in the subsidiary in the form of proceedings for approval ofthe arrangement.
Reasonsfor delaying the publication of confidential information:
Inthe Management Board's opinion, the delay in providing the aboveinformation met the conditions specified in the MAR Regulation at thetime the decision on the delay was made.
TheManagement Board indicates that the conclusion of an agreement onsupervision over the course of the proceedings for approval of thearrangement of the subsidiary pursuant to the Act of 15 May 2015 -Restructuring Law was not tantamount to opening the restructuringproceedings. Financial and legal analyses were ongoing and thepossibility remained real that the subsidiary would resign fromconducting the restructuring. Therefore, premature disclosure of delayedconfidential information at the stage of its classification would bemisleading and would be detrimental to the Company. The Issuer and thesubsidiary decided to announce the arrangement date due to the initiatedrestructuring process of the Issuer and due to the introduction of atwo-pillar strategy in the group, consisting in focusing the activity ontwo operating lines. In the remaining scope, the Issuer's restructuringplan assumes reducing to a minimum the operating activity of thecorporate finance division and limiting it to the collection of ownreceivables. As part of this strategy, it is necessary to restructurethe subsidiary.
Disclosureof this confidential information is due to the impossibility of furtherensuring its confidentiality due to the announcement of the arrangementdate of the subsidiary.
Legalbasis: Article 17 paragraph 1 of the MAR_#160;- confidentialinformation.