RE: the future aforti23 Jul 2020 09:49
looks lik aforti will have an IPO not a RTO.
The Management Board of Aforti Holding SA with its registered office in Warsaw, hereinafter: "Company", "Issuer" in reference to the current report ESPI 40/2020 of July 8, 2020, informs that today, i.e. on July 22, 2020, the Company concluded an agreement with a broker operating on the British market, EGR Corporate Broking Ltd based in London (Agreement).
In accordance with the concluded Agreement, EGR Corporate Broking Ltd is to lead to the indirect listing of the Issuer's subsidiary, Aforti Exchange SA with its registered office in Warsaw on the Main Market of the London Stock Exchange (LSE), and to obtain up to EUR 5 million as part of a private non-public offering, and another 4, GBP 5 million in an IPO on the LSE. The publication should take place within six months from the conclusion of the Agreement.
Under the Agreement, EGR Corporate Broking Ltd will act as the sole financial advisor and as a leading broker. The agreement provides for the conclusion of additional agreements with other entities involved in the project, including other brokers.
The concluded Agreement is the implementation 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 taking the next important steps in the next current reports.
A