Current Reports

RB 44/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N, O and P, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of November 30, 2019, the nominal value of the pledged claims for each series was as follows: for series J, PLN 15,600,179.36 for series L, PLN 19,558,743.93 for series M, PLN 15,627,031.53 for series N, PLN 5,202,096.68 for series O, PLN 13,320,561.88 for series P, PLN 13,013,390.20.

Total value of the collection:PLN 82,322,003.58 .

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 43/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N, O and P, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of October 31, 2019, the nominal value of the pledged claims for each series was: for series J: PLN 15,606,197.92 for series L: PLN 20,458,169.62 for series M: PLN 15,603,453.67 for series N: PLN 5,254,069.72 for series O: PLN 13,001,121.57 for series P: PLN 13,002,325.64 Total value of the collection:PLN 82,925,338.14 . Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 42/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N, O and P, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of September 30, 2019, the nominal value of the pledged claims for each series was: for series J: PLN 15,605,635.15 for series L: PLN 20,062,780.92 for series M: PLN 15,602,587.95 for series N: PLN 5,203,655.66 for series O: PLN 13,000,100.26 for series P: PLN 13,000,979.24 Total value of the collection:PLN 82,475,739.18 . Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 41/2019

The Issuer announces that it has expanded its PragmaGO® commercial offering with a new onlin product – Factoring Pre-Financing. The product consists in providing customers who carry out regular factoring turnover with Pragma with additional financing-prefinancing for future factoring settlements, from which it will then be repaid. The product is online and fully automated. Processes related to scoring, determining the amount of the limit available to the Client, submitting an offer to the Client, calibration of the offer by the Client (amount, currency), conclusion of the agreement, activation of financing, and settlement of receivables are all carried out 100% by Navi Pragma’s proprietary IT system and take place without the need for Pragma’s employees to be active. The scoring process (determining which clients can be offered the product and at what limit, which is variable over time) is based on a dynamic and self-learning algorithm of over a dozen variable data about the client, the characteristics of his or her receivables portfolio and transaction history. The product will be systemically, cyclically offered to customers. In the Issuer’s opinion, the product can provide added value to Customers (additional capital for business development at times of order peaks) and thus increase the attractiveness of cooperation with Pragma, while at the same time allowing Pragma to increase the scale of its operations and generated revenues. The product has received a positive response from customers. In the first test offering cycle, 48% of customers who received the Prefinancing proposal took advantage of it. Such a high conversion rate with the new product implemented in an automated process also testifies positively to the customer-friendliness of Pragma’s prepared onlin process.

RB 40/2019

Pragma Faktoring S.A.’s turnover recorded in the third quarter of 2019. (understood as the value of financed receivables) amounted to PLN 159,961 thousand (y/y +14%).

Turnover generated by the PragmaGO area amounted to PLN 98,787 thousand, while a year earlier it amounted to PLN 59,900 thousand (+65% y/y), and for Q2 of this year. PLN 86,975 thousand (+14% q/q).

The gross value (excluding write-downs) of PragmaGO’s portfolio amounted to PLN 51,688 thousand, 62% higher than a year earlier.

During the third quarter of this year, 901 clients used Pragma Factoring’s services (received financing), and 450 in the same period a year earlier. In the whole of 2019, as many as 1240 clients completed transactions with Pragma (+78% y/y).

The above figures also include transactions carried out by Pragma Faktoring as part of the servicing project provided to Pragma Faktor.

RB 39/2019

The Management Board of Pragma Faktoring S.A. (the “Issuer”) announces that on October 10, 2019, it adopted a resolution on establishing the Second Public Bond Issuance Program (“II PPEO”). Under the II PPEO, the Issuer may issue bonds (the “Bonds”) with an aggregate nominal value of no more than PLN 100,000,000 (one hundred million), within a period of no more than twelve months from the date of approval of the base prospectus by the FSA. The Bonds shall be secured in the manner and at the times specified in the base prospectus and the final terms of issuance of the respective series of Bonds, in particular, they may be secured by a pledge on a floating set of receivables and a pledge on receivables from the Issuer’s bank account. The Bonds will be dematerialized bearer bonds. Individual series of Bonds may have different detailed terms and conditions of issuance, including rules regarding the interest rate and its amount, as well as the date of redemption of the Bonds (but not longer than 5 years from the date of issuance). Detailed terms and conditions of issue of each series of Bonds, including the issue price of the Bonds, will be included in the basic prospectus and the final terms and conditions of issue of each series of Bonds adopted by the Issuer’s Board of Directors. Pragma Faktoring has been an Issuer on the Catalyst market since 2011. In total, the company issued 16 series of bonds worth PLN 218 million, with all series fully subscribed. 10 series of bonds worth PLN 155 million were repaid on time or early in cash, with no so called “prepayment”.

rolling. The bonds currently issued and listed on Catalyst amount to PLN 63 million and are entirely long-term in nature (maturing in the period XII 2020-VII 2023). Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 38/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N, O and P, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of August 31, 2019, the nominal value of the pledged claims for each series was as follows: for series J: PLN 15,663,457.05 for series L: PLN 21,052,105.65 for series M: PLN 20,825,589.71 for series N: PLN 5,229,248.73 for series O: PLN 13,001,001.04 for series P: PLN 13,001,630.03 Total value of the collection:PLN 88,773,032.21

RB 37/2019

The Management Board of Pragma Faktoring S.A. informs that it has changed the publication date of the interim report for the first half of 2019 from August 30, 2019 to September 02, 2019. Legal basis: par. 80 paragraph 2 of the MF Regulation of 29.03.2018 on current and periodic information (…).

RB 36/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N, O and P, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of July 31, 2019, the nominal value of the pledged claims for each series was as follows: for series J: PLN 15,608,783 for series L: PLN 19,869,404 for series M: PLN 16,053,744 for series N: PLN 6,214,385 for series O: PLN 13,013,244 for series P: PLN 13,005,019 Total value of the collection:PLN 83,764,579 . Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 35/2019

Pragma Faktoring S.A. informs that on August 09, 2019. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 796/2019 to designate August 12, 2019 as the first day of trading in the alternative trading system on the Catalyst market of 100,000 P-series bearer bonds issued by Pragma Faktoring S.A., marked by the National Securities Depository with the code PLGFPRE00172. The bonds will be listed in the continuous trading system under the abbreviated name “PRF0723”. Legal basis: § 17 (1) (4) of the Regulation of the Minister of Finance dated March 29, 2018. On current and periodic information (…).

RB 34/2019

PRAGMA FAKTORING S.A. informs that on August 7, 2019. The Management Board of the Warsaw Stock Exchange adopted Resolution No. 773/2019 on the introduction to the alternative trading system on the Catalyst market of 100,000 series P bearer bonds issued by PRAGMA FAKTORING S.A. with a nominal value of PLN 100 each. In connection with the adoption of the aforementioned resolution on the introduction, the Issuer also informs that the registration of the bonds in the National Depository for Securities will take place within 3 days after the NDS receives documents confirming their introduction to the alternative trading system.

The resolution came into effect on the date of adoption.

Legal basis: § 17 (1) (2) of the Decree of the Minister of Finance dated March 29, 2018 on current and periodic information (…).

RB 30/2019/K

Correction of the report on completion of subscription and allocation of series P bonds. The Issuer corrects the content of the current report 30/2019 on the completion of the subscription and allocation of series P bonds as follows: – in item 8 of the current report 30/2019, in place of the information: the number of persons who subscribed for financial instruments subscribed for or sold in individual tranches: the issue was not divided into tranches, 120 persons subscribed for series P bonds, the correct information is written: the number of persons who subscribed for financial instruments subscribed for or sold in individual tranches: the issue was not divided into tranches, 115 persons subscribed for series P bonds, – in item 9 of the current report 30/2019, in place of the information: number of persons to whom the financial instruments were allocated under the subscription or sale in individual tranches: the issue was not divided into tranches, P-series bonds were allocated to 120 persons, the correct information shall be inserted: number of persons to whom the financial instruments were allocated under the subscription or sale in individual tranches: the issue was not divided into tranches, P-series bonds were allocated to 115 persons. The remaining content of the current report 30/2019 remains unchanged. Legal basis: § 16 (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information _…_.

RB 33/2019

In accordance with the Terms of Issuance of bonds of series J, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of June 30, 2019, the nominal value of the pledged claims for each series was: for series J: PLN 15,821,331.28 for series L: PLN 19,540,321.52 for series M: PLN 15,635,288.13 for series N: PLN 5,204,495.74 for series O: PLN 13,000,046.95 Total value of the collection:PLN 69,201,483.62 . Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 32/2019

PRAGMA FAKTORING S.A. (Issuer) announces that today the National Depository for Securities (NDS) has issued a statement that it has entered into an agreement with the Issuer to register in the depository 100,000 series P bearer bonds, which have been assigned ISIN code: PLGFPRE00172. The registration will take place within 3 days of receipt by the NDS of documents confirming the introduction of the aforementioned bonds to the alternative trading system. Legal basis: § 17 (1) (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).

RB 31/2019

The Management Board of Pragma Faktoring S.A. presents data on turnover and number of clients in the second quarter of 2019. The turnover of Pragma Faktoring S.A. recorded in the second quarter of 2019. (understood as the value of financed receivables) amounted to PLN 147,463 thousand. Turnover generated by the PragmaGO area amounted to PLN 86,974 thousand, while a year earlier it amounted to PLN 53,406 thousand (+63% y/y), and for Q1 of this year it was PLN 74,193 thousand (+17% q/q). The gross value (excluding write-downs) of PragmaGO’s portfolio amounted to PLN 42,411 thousand, 36% higher than a year earlier. During the second quarter of this year, Pragma Factoring’s services were used by 629 clients, compared to 443 in the same period a year earlier, and for Q1 of this year. 514 clients.

The above figures also include transactions carried out by Pragma Faktoring as part of the servicing project provided to Pragma Faktor.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 30/2019

The Management Board of Pragma Faktoring S.A. announces the completion of subscription and allotment of P-series bearer bonds issued pursuant to the Issuer’s Management Board Resolution No. 1/17.06.2019 dated June 17, 2019:

1. subscription start date: June 18, 2019;
2. subscription end date: July 3, 2019;
3. date of allocation of financial instruments: July 4, 2019;
4. Number of financial instruments subscribed or sold: 100,000 bonds;
5. rate of reduction in individual tranches: the issue was not divided into tranches, subscriptions were accepted for a total of 100,400 bonds, a discretionary allocation of 100,000 bonds was made, the discretionary reduction was for 400 bonds;
6. Number of financial instruments that were allocated in the subscription or sale: 100,000 P-series bonds were allocated;
7. price at which the financial instruments were purchased (taken up): PLN 100.-;
8. Number of persons who subscribed for financial instruments subscribed or sold in individual tranches: the issue was not divided into tranches, 120 persons subscribed for P-series bonds;
9. The number of persons to whom financial instruments were allocated under the subscription or sale in individual tranches: the issue was not divided into tranches, P-series bonds were allocated to 120 persons;
10. Name(s) of underwriters who acquired financial instruments in the execution of underwriting agreements: The Company has not entered into underwriting agreements;
11. value of the subscription carried out: PLN 10,000,000.00;
12. total issue costs amounted to: PLN 358,560.00, including:

1. preparation and conduct of the offer: PLN 347,000.00;
2. Underwriters’ remuneration – the Company has not entered into underwriting agreements;
3. Preparation of an information note, including the cost of consulting: included in the costs indicated in point a;
4. offer promotion: 0,- PLN;

13. average cost of carrying out the subscription per unit of security: PLN 3.59. Financial liabilities from the bond issue will be recognized at amortized cost using the effective interest rate method. The incurred costs of preparing and conducting the offering and consulting related to the bond issue will be included in the calculation of amortized cost, in accordance with the application of the effective interest rate method, and as a result will be amortized to the income statement over the life of the bonds. 14 All P-series bonds were subscribed for cash contributions. Other significant provisions of the Terms of Issue against the background of previous issues:

1. Variable interest rate WIBOR 3M + 4.25% margin (value unchanged from previous and Catalyst-listed issues).
2. Maximum net financial debt ratio at 400% of equity (unchanged).
3. Secured by a pledge on a portfolio of variable receivables (unchanged), Maximum Security Amount 120% (temporarily and previously 130%).
4. Inclusion in the estimation of the Maximum Collateral Amount of the receivables portfolio of allowances for future portfolio loss incurred by the Issuer in accordance with IFRS9 (previously there was no such regulation).
5. Reduce the maximum concentration levels of the pledged portfolio from 20% to 10%.
6. Security in the form of a pledge on the bank account, along with a regulation to ensure an adequate amount of cash receipts in the account (previously there was no such security).
7. Cancellation of the Pragma Inkaso S.A. surety, which was included in previous issues.

The issuer intends to continue to use bond issues alongside its own funds, bank loans and off-balance sheet financing from specialized funds to finance its operations. View the report here

RB 29/2019

On June 26, 2019, the Ordinary General Meeting of Shareholders of Pragma Faktoring S.A. passed Resolution No. 7 on the payment of dividends, according to which: 1) the amount of the dividend is PLN 4,128,250.50; 2) the value of the dividend per share is PLN 1.50; 3) the number of shares covered by the dividend is 2,752,167; 4) the dividend date is July 3, 2019; 5) the dividend payment date is July 10, 2019. Legal basis: § 19 (2) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…).

RB 28/2019

The Management Board of Pragma Faktoring S.A. hereby announces the contents of the resolutions passed by the Annual General Meeting of Shareholders which took place at the Issuer’s headquarters, on June 26, 2019. The General Meeting considered all of the items on the planned agenda, passed all resolutions that were included in the drafts presented by the Management Board, and no objections were raised to any of the resolutions. The list of shareholders holding at least 5% of the total number of votes at the General Meeting and the consolidated text of the Company’s Articles of Association adopted by the General Meeting are also attached to this report. Legal basis: § 19 (1) (6), (7) and (9) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…).

Attachments:

Resolutions adopted by the GM

Articles of Association of Pragma Faktoring SA

List of shareholders

RB 27/2019

The Issuer’s Management Board announces that on June 17, 2019, it adopted a resolution on the issue of series P bonds, determination of the terms of issue, dematerialization and listing of the bonds on Catalyst. The issue comprises no more than 100,000 dematerialized, secured bearer bonds. The Issuer intends to apply for the introduction of the bonds to the alternative trading system on the Catalyst market. Upon allocation, the Issuer will immediately take steps to dematerialize and register the bonds with the National Securities Depository. The issue will be successful if at least 50,000 bonds are properly subscribed and paid for (the issue threshold). The nominal value of each bond is PLN 100. The issue price is equal to the par value. The bonds will be redeemed by the Issuer within 4 years from the date of their allocation, i.e. on July 4, 2023. The bonds will be redeemed by paying a cash amount equal to the face value of the bonds. The calculation and fulfillment of the benefit will be based on the number of bonds recorded in the bondholder’s securities account as of the end of the date for determining the right to receive the redemption benefit, which is July 4, 2023, unless NDS regulations require a different date. The P-series bonds bear interest at a variable rate determined based on the WIBOR 3M interest rate, determined for each interest period, plus a margin. Interest periods are 3 months each. The first interest period will be calculated from the date of allotment, i.e. July 4, 2019. The bonds will be secured by a registered pledge on a set of existing and future receivables of variable composition, constituting an economic whole, and a pledge on the Issuer’s bank account. Also on June 17, 2019. The Issuer entered into an agreement with the law firm Chabasiewicz, Kowalska and Partners Attorneys at Law, as collateral administrator, for a registered pledge on a set of variable rights and an agreement on the appointment of a pledge administrator. At the time of the resolution, there are also series bonds, J-series bonds (issue value of PLN 12 million) with a maturity date of December 2, 2020, L-series bonds (issue value of PLN 15 million) with a maturity date of May 17, 2021, M-series bonds (issue value of PLN 12 million) with a maturity date of October 18, 2021, N-series bonds (issue value of PLN 4 million) with a maturity date of December 15, 2021, O-series bonds (issue value of PLN 10 million) with a maturity date of March 29, 2022, and P1-series bonds (issue value of PLN 1.68 million) with a maturity date of May 28, 2021.

Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 26/2019

In accordance with the Terms of Issuance of bonds of series J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of May 31, 2019, the nominal value of the pledged claims for each series was: for the J series: PLN 15,600,589.40 for the K series: PLN 13,000,735.29 for the L series: PLN 20,487,235.94 for the M series: PLN 15,675,746.88 for the N series: PLN 5,215,451.99 for the O series: PLN 13,001,241.84 Total total value of the collection amounted to: PLN 82,981,001.34.

RB 25/2019

The Management Board of Pragma Faktoring S.A. announces that it has convened an Annual General Meeting of Shareholders, which will be held on June 26, 2019, at 10:30 a.m., at the company’s headquarters in Katowice, 72 Brynowska St. Enclosed please find the announcement of the meeting, draft resolutions, draft of the consolidated text of the Company’s Articles of Association and the report of the Supervisory Board containing the report on the audit of the annual financial statements of the Issuer and the Pragma Faktoring S.A. Group, together with recommendations for the General Meeting of Shareholders. Legal basis: par. 19 para. 1 item 1 of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information.

Attachments:

Statement of the Management Board of Pragma Faktoring SA

Articles of Association of Pragma Faktoring SA consolidated text

Draft resolutions of the Annual General Meeting of Shareholders of Pragma Faktoring SA

Report on the activities of the Supervisory Board of Pragma Faktoring SA

RB 24/2019

Pragma Faktoring S.A. _”Issuer”_ announces that today it has received from Tomasz Boduszek – President of the Issuer’s Management Board and from Jacek Obrocki – Vice President of the Issuer’s Management Board, as well as from Anna Obrocki – a person closely related to Jacek Obrocki, notifications pursuant to Article 19 (1) of the MAR Regulation, about the acquisition of the Issuer’s P1-series bonds. The received notifications are attached to this report. The issuance of this series was addressed to employees and associates of the Issuer. 168 bonds in the amount of PLN 1,680,000.00 were issued. The bonds are unsecured, and will not be introduced into public trading. The interest rate on the bonds is fixed, currently does not exceed the interest rate on bonds previously issued by Pragma Faktoring S.A., taking into account the time-settled cost of their acquisition. Legal basis: Article 19 (3) MAR

Attachments:

Notification Jacek Obrocki

Notification Anna Obrocka

Notification Tomasz Boduszek

RB 23/2019

The Management Board of Pragma Faktoring S.A. (Issuer) announces that on May 29, 2019, it decided on an early redemption of series K bonds. The decision on early redemption is based on Article 76(1) of the Bond Law and the terms of issue. The early redemption includes all series K bonds, i.e. 100,000 bonds with a total nominal value of PLN 10 million. The bonds will be redeemed for cancellation. The date for determining the entities entitled to receive benefits from the early redemption of the bonds was set for May 31, 2019, and the early redemption date was set for June 3, 2019. Each bondholder entitled under the bonds, in accordance with the terms and conditions of the issue, will be paid the Early Redemption Amount by the Issuer on the redemption date, consisting of the bond principal, interest and premium. All settlements on account of series K bonds will be carried out by the entity keeping their records – Dom Maklerski BDM S.A. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 22/2019

In accordance with the Terms of Issuance of bonds of series J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of April 30, 2019, the nominal value of the claims included in the pledged collection for each series amounted to: for series J, PLN 15,641,664.36; for series K, PLN 13,001,437.75; for series L, PLN 19,611,476.54; for series M, PLN 15,608,714.08; for series N, PLN 5,200,382.65; for series O, PLN 13,017,626.90. Together, the total value of the collection amounted to: PLN 82,081,302.28. Legal basis – Article 17 paragraph 1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

RB 21/2019

Pragma Faktoring S.A. (Issuer) announces that on May 13, 2019, a surety granted by the Issuer to a U.S.-based entity specializing in lending to companies in the SME financing industry (Fund) was extended for another year. The surety was previously granted for the liabilities of Pragma Faktor Sp. z o.o., based in Katowice (SPV), under a revolving credit agreement (Line of Credit) in the amount of PLN 22 million, which was granted by the Fund to the SPV. The amount of the surety granted by the Issuer remains unchanged and will continue to be PLN 2.2 million. At the same time, it has been extended for another year, under the existing terms and conditions:

– credit line made available by the Fund to the SPV;

– loan agreement granted to the SPV by the Issuer;

– A servicing agreement entered into by the Issuer with the SPV for the management of a portfolio of factoring receivables.

The current balance of financing from the Fund is PLN 0.7 million. The Issuer reported on the conclusion of the aforementioned agreements in current report No. 41/2018 of June 6, 2018, where the essential elements of the Issuer’s cooperation with the Fund and the SPV carried out on the basis of these agreements were provided.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 20/2019

Pragma Faktoring S.A. (Issuer) informs that on May 10, 2019. The Supervisory Board appointed Mr. Jacek Obrocki as Vice President of the Management Board. Mr. Jacek Obrocki is a graduate of the Karol Adamiecki University of Economics in Katowice, Department of Economics, specialization in international economic relations (1998). He was a participant in numerous trainings on JBO, MBO, M&A, accounting (PSR, IAS, US GAAP), public securities law, commercial law; he completed the preparatory course for investment and tax advisors and the CCIM (Certified Commercial Investment Member) course. He obtained the title of Chartered Financial Analyst (CFA) (2005-2007). Mr. Jacek Obrocki from 1997 to the end of August 2011 was employed at Dom Maklerski BDM S.A. successively on the following positions: stock market analyst (1997 – 1999), Deputy Director of the Analysis and Information Department (1999 – 2000), Director of the Analysis and Information Department (2002 – 2005), Director of the Investment Banking Department (2005 – 2011). Since January 1, 2012, he has served as President of the Management Board of Meridum Ltd. From February 2011 to August 2016, he was a member of the Supervisory Board at Pragma Faktoring S.A. Mr. Jacek Obrocki held positions in management or supervisory bodies: Future Screen Sp. z o.o., OLSON S.A., SATUS Venture Sp. z o.o., GC Investment S.A. Factory of Bicycle Parts “Romet-Wałcz” sp. z o.o., Towarzystwo Budownictwa Społecznego TBS Budostal -3 sp. z o.o., Invico S.A., LeaseLink Sp. z o.o. From October 2016 to May 10, 2019, he was a board member at Pragma Inkaso S.A.. He is currently a member of the board of directors at Meridum sp. z o.o., Olson sp. z o.o., and is a member of the supervisory board at Controling-Online sp. z o.o.. Mr. Jacek Obrocki is not engaged in any form of activity competitive to the Issuer. He does not participate in a competitive company as a partner in a civil partnership, a partnership or as a member of a body of a capital company, and does not participate in any other competitive legal person as a member of its body. In addition, he is not listed in the Register of Insolvent Debtors, maintained pursuant to the National Court Register Act. Legal basis: § 5 (1) (5) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…)

RB 19/2019/k

The Issuer corrects the content of the presentation attached to the previous current report and Annual Report by changing the date placed on page 9 of the presentation in the table “NPL AND ITS LOSS COVERAGE” from 31.03.2018 to the correct 31.03.2019. Attached is the corrected version of the presentation.

Pragma Factoring Presentation for 2018

RB 19/2019

The issuer is enclosing a revised version of the presentation on the summary of operations in 2018. The previous version was attached to the Annual Report. The correction concerns the inclusion of explanatory footnotes in one of the slides.

Pragma Factoring Presentation for 2018

RB 18/2019

The Management Board of Pragma Faktoring S.A. announces that it is changing the publication date of the standalone and consolidated interim report for 2018, from April 26, 2019 to April 30, 2019. Legal basis: par. 80 paragraph 2 of the MF Regulation of 29.03.2018 on current and periodic information (…).

RB 17/2019

The Management Board of Pragma Faktoring S.A. announces that it is changing the publication date of the standalone and consolidated interim report for 2018, from April 19, 2019 to April 26, 2019. Legal basis: par. 80 paragraph 2 of the MF Regulation of 29.03.2018 on current and periodic information (…).

RB 16/2019

In accordance with the Terms and Conditions of Issuance of bonds of series J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the pledge securing the claims of bondholders of these series. The report takes into account the early redemption and cancellation of series I and H bonds (reports 12/2019 and 13/2019). As of March 31, 2019, the nominal value of the pledged claims for each series was as follows: for series J, PLN 15,608,080.45; for series K, PLN 13,009,230.15; for series L, PLN 19,527,995.93; for series M, PLN 15,621,978.78; for series N, PLN 5,236,719.11; for series O, PLN 13,003,249.22. The total value of the harvest sum is PLN 82,007,253.64. Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 15/2019

The Issuer announces that in connection with the sale of LeaseLink Sp. z o.o. (which it announced in current report No. 8/2019), starting from April 2019 it will cease publishing monthly reports on the effectiveness of the Group’s online sales channels. Information on sales processes at Pragma Faktoring S.A. will be published as part of quarterly reports. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

RB 14/2019

1. Contracting value (by contracting value is meant the gross values of invoices redeemed under the factoring agreement and the value of loans granted):

In Q1 2019, the value of contracting amounted to PLN 138,753 thousand, which was 15% lower than in Q1 2018, and is the result of changes in the Company’s sales policy resulting from Pragma Factoring’s strategy, i.e. abandoning high-volume and low-margin transactions. Importantly,

turnover in the Company’s key growth and higher profitability segment PragmaGO increased by as much as 59%, i.e. to PLN 70,228 thousand. .

2. Diversification of the factoring portfolio.

The development of the PragmaGO segment has brought further diversification of the factoring portfolio. The Company’s factoring services were used by as many as 514 clients in Q1 2019 (vs. 411 a year earlier and 232 in 2016), who financed 16,699 invoices at Pragma against 1,318 Recipients. PragmaGO, which is the engine of growth, financed as many as 9,050 invoices for 434 Customers (y/y + 42%) against 859 Recipients.

RB 13/2019

The Management Board of Pragma Faktoring S.A. (Issuer) announces that on March 29, 2019, it decided on an early redemption of series H bonds. The decision on early redemption is based on Article 76(1) of the Bond Law and Section 8 of the terms of issue. The early redemption includes all series H bonds, i.e. 200,000 bonds with a total nominal value of PLN 20 million. The bonds will be redeemed for cancellation. The date for determining the entities entitled to receive early redemption benefits was set for April 9, 2019, and the early redemption date was set for April 16, 2019. Each bondholder entitled to the bonds on the redemption date will be paid the Early Redemption Amount by the Issuer, consisting of the bond principal, interest and premium. All settlements for the series H bonds will be made through the National Securities Depository S.A. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 12/2019

The Management Board of Pragma Faktoring S.A. (Issuer) announces that on March 27, 2019, it decided to make an early redemption of series I bonds. The decision on early redemption is based on Article 76(1) of the Bond Law and the terms of issue. The early redemption includes all series I bonds, i.e. 200,000 units with a total nominal value of PLN 20 million. The bonds will be redeemed for cancellation. The date for determining the entities entitled to receive benefits from the early redemption of the bonds was set for March 29, 2019, and the early redemption date was set for April 3, 2019. Each bondholder entitled under the bonds, in accordance with the terms and conditions of the issue, will be paid the Early Redemption Amount by the Issuer on the redemption date, consisting of the bond principal, interest and premium. All settlements on account of the bonds will be made by the entity keeping the records – Dom Maklerski BDM S.A. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 11/2019

In accordance with the Terms of Issuance of bonds of series H, I, J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of February 28, 2019, the nominal value of the claims included in the pledged collection for each series was as follows: for the H series, PLN 26,009,274.49 ; for the I series, PLN 26,337,063.19 ; for the J series, PLN 17,788,441.61 ; for the K series, PLN 13,023,711.72 ; for the L series, PLN 19,621,702.24 ; for the M series , PLN 15,630,152.52 ; for the N series, PLN 5,202,681.14 ; for the O series, PLN 13,001,363.98 . The total value of the sum of collections is PLN 136,614,390.89 . Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 10/2019

The Management Board of Pragma Faktoring S.A. (Issuer) informs that today, i.e. March 15, 2019, it received an annex to the multi-purpose credit limit agreement previously concluded with one of the banks engaged in financing business entities. Under it, the credit limit will be gradually reduced from the current level of PLN 20 million to PLN 1.25 million – effective January 31, 2020. The credit limit will expire on February 28, 2020. Due to the closing of the investment in LeaseLink (current report No. 8/2019), the reduction of the credit limit will not have a negative impact on the Issuer’s operations. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 9/2019

The Management Board of Pragma Faktoring S.A. (Issuer), acting on the basis of Article 17 (1) and (4) of the MAR Regulation, provides, on a delayed basis, confidential information about the receipt of an offer from mLeasing sp. z o.o. (mLeasing) an offer to acquire shares in LeaseLink.

“Receipt of an offer from mLeasing Sp. z o.o. to acquire shares in LeaseLink Sp. z o.o.

On October 8, 2018. Pragma Faktoring S.A. received an offer from mLeasing sp. z o.o. to purchase 100% of shares in LeaseLink sp. z o.o. – a subsidiary of the Issuer. The proposed price is PLN 35 million and, according to the offer, corresponds to 100% of the estimated value of LeaseLink’s shares determined using valuation methods typical of companies in the financial sector. The conclusion of the transaction depends on the successful outcome of the company’s audit and on the approval of the corporate bodies of mLeasing sp. z o.o. and the Issuer.” The Issuer considered the aforementioned information as confidential because, in its opinion, it could potentially influence investors’ decisions. The information had as its subject a significant asset of the Issuer, i.e. 71.51% of shares in LeaseLink sp. z o.o. with a book value of PLN 10,065,851.00. In the Issuer’s opinion, the delay in public disclosure of the aforementioned information was justified due to the exhaustion of the prerequisites of Article 17(4) of the MAR Regulation, i.e. its immediate disclosure could violate the Issuer’s legitimate interests through a possible negative impact on the results of negotiations. Making public the information received in the offer, i.e., in practice, providing the most important elements of the offer, could adversely affect the Issuer’s negotiating position and the final terms of the transaction, as well as make it possible for competitors to take advantage of it. In addition, it could also adversely affect any discussions the Issuer might have with other potential buyers. Consequently, early disclosure of information about the receipt of an offer could result in a reduction in the price of the shares being sold, as well as a deterioration in relations with the Issuer’s business partners. In an extreme case, the intended transaction could fail to take place for reasons attributable to a third party. The above circumstances meet the premise of a threat to the Issuer’s legitimate interest within the meaning of Article 17(4)(a) of the MAR Regulation and paragraph 5, subparagraphs 8(a) and (e) of the ESMA guidelines on the Market Abuse Regulation – “Delay in disclosure of inside information.” The delay did not mislead the public, as the conduct of negotiations and conclusion of the agreement did not result in the Issuer incurring any binding obligations and did not affect the current financial position of the Issuer or the capital group to which the Issuer belongs. The delayed information also did not contradict previously reported information regarding LeaseLink. In particular, the Issuer, in its current report 87/2017 of 21/12/2017, announced the start of the process of selling its shares in LeaseLink or the process of obtaining a recapitalization investor for this company, and thereafter did not provide any information that could change market expectations in this regard. In the present case, there were also none of the other situations in which a delay in disclosure of confidential information could mislead the public, as defined in point 9 of the ESMA Guidelines.

In addition, in the Issuer’s opinion, informing the market of the receipt of an offer prior to the conclusion of an agreement, when the failure of negotiations cannot yet be ruled out, could cause an inappropriate assessment of this information by investors, who could see an attempt at manipulation in the event of failure. The Issuer has ensured the confidentiality of the information in question until it is made public. Pursuant to the third paragraph of Article 17(4) of the MAR Regulation, immediately after the publication of this report, the Issuer will inform the Polish Financial Supervision Authority of the delay in disclosure of confidential information, together with an indication of fulfillment of the prerequisites allowing for the delay. Legal basis: Article 17 (1) and (4) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse.

RB 8/2019

The Management Board of Pragma Faktoring S.A. (Issuer) announces that on March 8, 2019, it sold all its shares in LeaseLink sp. z o.o. (the Company), giving 71.51% of the share capital of LeaseLink, to mLeasing sp. z o.o., for the price of PLN 22,604,780.05 (i.e. with the valuation of all shares in LeaseLink at PLN 31,610,668.20). The value of the sold shares in the Issuer’s books is PLN 10,065,851.00. At the same time, as part of the completed transaction, the Company repaid to the Issuer all the Issuer’s receivables from LeaseLink under the factoring agreement between the Issuer and LeaseLink. The amount of repaid receivables amounts to PLN 65,074,507.67. In addition, the Company has repaid all of its obligations under the financing provided through the Mintos platform, for which the Issuer was responsible as guarantor. The Issuer expects that the divestment of its stake in LeaseLink will have a significant and favorable impact on its financial results and asset position. The release of significant financial resources will enable it to increase the scale of its factoring operations. Legal basis: Article 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse.

RB 7/2019

With reference to the following published on October 3, 2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is to increase the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for February 2019 on the effects generated by online sales channels.

The fintech applications LeaseLink and PragmaGO enable the entire process of customer service (from the initial offer, through scoring and rating the customer, presentation of the offer, its acceptance by the customer to the finalization of the transaction) to be carried out online in a dozen minutes, and also provide after-sales support. The number of processes initiated in these applications by clients to acquire the Group’s services reflects the efficiency of the onlin sales channel and is important in terms of increasing the scale of the Issuer’s operations without a significant increase in operating costs. Customers acquired by the Group through the LeaseLink and PragmaGO* online applications: Q2 2016 – 97 Q3 2016 – 265 Q4 2016 – 621 Q1 2017 – 810 Q2 2017 – 1,236 Q3 2017 – 1,821 Q4 2017 – 5,106 Q1 2018 – 6,516 Q2 2018 – 8,166 Q3 2018 – 8,140 Q4 2018 – 10,147 January 2019 – 3,224 February 2019 – 3,008 *Customers who, after learning about the LeaseLink/PragmaGO offer online, registered in the applications and obtained a rating decision. The Issuer evaluates the effectiveness of sales through the online PragmaGO and LeaseLink applications very highly and expects further dynamic growth in the number of Customers and transactions acquired through this channel. In accordance with the published Strategy, the fintech segments of the Issuer’s business, being rapidly scalable, will be the base for expanding the Issuer’s business into foreign markets. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 6/2019

In accordance with the Terms of Issuance of bonds of series H, I, J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of January 31, 2019, the nominal value of the pledged claims for each series was as follows: for series H, PLN 26,120,642.11; for series I, PLN 26,236,188.15; for series J, PLN 16,078,304.89; for series K, PLN 13,353,143.67; for series L, PLN 19,502,098.97; for series M, PLN 15,522,361.80; for series N, PLN 5,580,166.88; for series O, PLN 17,510,219.26. A deficiency balance of PLN 4,444,187.22 occurred in the area of series O collateral claims. The shortfall amount is understood as the difference between the amount of collateral for this series (PLN 13 million) and the sum of primary and reserve first-level receivables securing this series (PLN 8,555,812.78). In accordance with the Terms and Conditions of Issuance of Series O bonds, the shortfall was automatically covered in full by second-level reserve claims worth PLN 8,954,406.48. The total value of the collection amounted to PLN 139,903,125.73. Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 5/2019

With reference to the Strategy of Pragma Faktoring S.A. for 2017-2020 (current report no. 61/2017), published on October 3, 2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is to increase the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for January 2019 on the effects generated by online sales channels. The fintech applications LeaseLink and PragmaGO enable the entire customer service process (from the initial offer, through scoring and rating of the customer, presentation of the offer, its acceptance by the customer and finalization of the transaction) to be carried out online in several minutes, and also provide after-sales support. The number of processes initiated in these applications by clients to acquire the Group’s services reflects the efficiency of the onlin sales channel and is important in terms of increasing the scale of the Issuer’s operations without a significant increase in operating costs. Customers acquired by the Group through the LeaseLink and PragmaGO* online applications: Q2 2016 – 97 Q3 2016 – 265 Q4 2016 – 621 Q1 2017 – 810 Q2 2017 – 1,236 Q3 2017 – 1,821 Q4 2017 – 5,106 Q1 2018 – 6,516 Q2 2018 – 8,166 Q3 2018 – 8,140 Q4 2018 – 10,147 January 2019 – 3,224

*Customers who, after learning about the LeaseLink/PragmaGO offer online, registered with the applications and obtained a rating decision. The Issuer evaluates the effectiveness of sales through the online PragmaGO and LeaseLink applications very highly and expects further dynamic growth in the number of Customers and transactions acquired through this channel. According to the published Strategy, the fintech segments of the Issuer’s business, being rapidly scalable, will be the basis for expanding the Issuer’s business into foreign markets. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 4/2019

In accordance with para. 80 item 1 of the Ordinance of the Minister of Finance dated March 29, 2018 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (hereinafter – the Ordinance), the Management Board of Pragma Faktoring S.A. informs that periodic reports in 2019 will be published on the following dates:

– unconsolidated and consolidated annual report for 2018. – April 19, 2019.

– Expanded consolidated quarterly report for the first quarter of 2019. – May 24, 2019.

– Expanded consolidated report for the first half of 2019. – August 30, 2019.

– Expanded consolidated quarterly report for the third quarter of 2019. – November 22, 2019.

At the same time, the Company’s Board of Directors declares that:

– In accordance with Section 79(2) of the Ordinance, the Issuer will not provide a quarterly report and a consolidated quarterly report for the fourth quarter of fiscal year 2018 and the second quarter of fiscal year 2019;

– In accordance with Section 62(1) of the Ordinance, the Issuer will provide consolidated quarterly reports for the first and third quarters of fiscal year 2019 containing quarterly financial information and will not provide separate individual quarterly reports for these reporting periods;

– In accordance with Section 62(3) of the Ordinance, the Issuer will not publish a stand-alone semi-annual report, and therefore the consolidated semi-annual report for the first half of 2019 will include the condensed semi-annual financial statements together with the report of the auditing firm and the condensed financial statements.

RB 3/2019

1. contracting value (by contracting value is meant the gross values of redeemed invoices under the factoring agreement and the value of granted loans):

W During the four quarters of 2018, Pragma Factoring’s contracting value amounted to 646.978 PLN thousand (including factoring contracting 6 15.819 PLN thousand) , and in the fourth quarter PLN 147,651 thousand (including factoring of PLN 139,969 thousand).

2 Diversification of the factoring portfolio.

The year 2018 brought further diversification of the factoring portfolio. As many as 840 clients used the Company’s factoring services (compared to 600 a year earlier and 328 in 2016), which positively demonstrates the quality of these services and the efficiency of distribution channels.

3 PragmaGO Turnover.

Of great importance for the growth achieved are the key processes for the Company’s further development of the online sales and processing in the field of microfinance services in the PragmaG segmentO, in which turnover in 2018 was as follows:

Q1 44,095 thousand,

Q2 53,406 thousand,

Q3 59,900 thousand,

Q4 69,939 thousand,

Q1-Q4 227,339 thousand.

Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 2/2019

In accordance with the Terms of Issuance of bonds of series H, I, J, K, L, M, N and O, PRAGMA FAKTORING S.A. presents a report on the status of the subject of the pledge securing the claims of bondholders of these series. As of December 31, 2018, the nominal value of the pledged claims for each series was: for series H, PLN 26,001,526.86; for series I, PLN 26,003,349.36; for series J, PLN 15,634,510.05; for series K, PLN 13,087,891.38; for series L, PLN 19,675,563.96; for series M, PLN 15,623,572.92; for series N, PLN 5,482,746.42; for series O, PLN 13,056,407.99.

The total value of the collection sum is PLN 134,565,568.94. Legal basis: article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).

RB 1/2019

With reference to the Strategy of Pragma Faktoring S.A. for 2017-2020 (current report no. 61/2017), published on October 3, 2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report no. 61/2017), an important element of which is to increase the scale of the business carried out onlinically and the development of the PragmaGO segment, the Issuer presents data for December 2018. regarding the effects generated by onlinewide sales channels. The fintech applications LeaseLink and PragmaGO enable the entire customer service process (from the initial offer, through scoring and rating the customer, presentation of the offer, its acceptance by the customer to the finalization of the transaction) to be carried out online in several minutes, and also provide after-sales support. The number of processes initiated in these applications by clients to acquire the Group’s services reflects the efficiency of the onlin sales channel and is important in terms of increasing the scale of the Issuer’s operations without a significant increase in operating costs. Customers acquired by the Group through the LeaseLink and PragmaGO* online applications Q2 2016 – 97 Q3 2016 – 265 Q4 2016 – 621 Q1 2017 – 810 Q2 2017 – 1,236 Q3 2017 – 1,821 Q4 2017 – 5,106 Q1 2018 – 6,516 Q2 2018 – 8,166 Q3 2018 – 8.140 October 2018 – 3,222 November 2018 – 3,514 December 2018 – 3,411 Q4 2018 – 10,147 *Customers who, after learning about the LeaseLink/PragmaGO offer online, registered in the applications and obtained a rating decision. The Issuer evaluates the effectiveness of sales through the online PragmaGO and LeaseLink applications very highly and expects further dynamic growth in the number of Customers and transactions acquired through this channel. According to the published Strategy, the fintech segments of the Issuer’s business, being rapidly scalable, will be the basis for expanding the Issuer’s business into foreign markets. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).