Current Reports
RB 70/2018-second correction
The Issuer corrects the list of websites where the prospectus for the First Public Bond Issuance Program will be made available on December 20, 2018:
- Issuer’s website: www.pragmafaktoring.pl;
- Offerors’ Websites:
- BDM Brokerage House S.A.: www.bdm.pl;
- ALIOR BANK S.A. Brokerage Office: www.aliorbank.pl/biuro-maklerskie.
RB 70/2018-correction of
The issuer corrects the date of publication of the prospectus, stated in Current Report No. 70/2018 on the approval of the prospectus for the First Public Bond Issuance Program, which will be made available on its website https://inwestor.pragmago.pl/ and on the website of Dom Maklerski BDM S.A. www. bdm.com.pl on December 20, 2018.
RB 70/2018
The Management Board of Pragma Faktoring S.A. informs that on December 14, 2018. The Financial Supervision Commission decided to approve the Issuer’s prospectus. The prospectus will be the basis for issuing and offering to the public subsequent series of the Company’s bonds, issued under the First Public Bond Issuance Program with a total value not exceeding PLN 50 million. Under the program, the Issuer may issue one or more series of dematerialized bearer bonds (“Bonds”) within a period of no more than twelve months from the date of approval of the prospectus. The Bonds shall be secured in the manner and at the times specified in the base prospectus and the final terms of issue of each series. Individual series of Bonds may have different detailed terms of issuance, including interest rate rules. The detailed terms and conditions of issue of each series, including the issue price, will be included in the final terms and conditions of issue of each series of Bonds adopted by the Issuer’s Board of Directors, which will also determine: a) the unit and total par value of the Bonds issued under the series; b) the interest rate; c) the time of redemption; d) the Issuer’s right to early redemption, if any; e) the interest periods, which will be 3, 6 or 12 months. Pursuant to Article 45 (1) of the Public Offering Act (…), the prospectus will be published on December 18, 2018 in electronic form on the Issuer’s website at: https://inwestor.pragmago.pl/ and additionally for information purposes on the website of Dom Maklerski BDM S.A., at: www.bdm.com.pl. 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 69/2018
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 November 30, 2018, the nominal value of the pledged claims for each series was: for series H, PLN 26,175,471.99; for series I, PLN 26.034,800.51 PLN; for series J 15,653,382.12 PLN; for series K 13,000,000.00 PLN; for series L 19,658,310.38 PLN; for series M 15,746,656.63 PLN; for series N 5,286,332.45 PLN; for series O 13,048,393.39 PLN. The total value of the sum of collections is PLN 134,603,347.47. 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 68/2018
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 October 2018 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 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 Q II 2018 – 8,166 Q III 2018 – 8,140 October 2018 – 3,222 November 2018 – 3,514 *Customers who, after learning about LeaseLink/PragmaGO’s 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 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).
*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).
RB 67/2018
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 October 31, 2018, the nominal value of the pledged claims for each series was: for series H, PLN 26,036,773.31; for series I, PLN 26.330,474.57 PLN; for series J 15,897,828.40 PLN; for series K 13,832,740.21 PLN; for series L 21,752,787.49 PLN; for series M 16,485,040.66 PLN; for series N 5,354,410.00 PLN; for series O 13,000,775.36 PLN. The total value of the sum of collections is PLN 138,690,830.00. Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).
RB 66/2018
With reference to the following published on 3/10/2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is increasing the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for October 2018 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
- III Q 2016- 265
- Q4 2016- 621
- Q1 2017- 810
- II Q 2017- 1,236
- III Q 2017- 1,821
- Q4 2017- 5,106
- I Q 2018- 6,516
- II Q 2018- 8,166
- III Q 2018- 8,140
- October 2018- 3,222
*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).
RB 65/2018
The Issuer presents attached a summary of the first year of implementation of the Pragma Faktoring S.A. Strategy announced on October 3, 2017 in current report No. 61/2017. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).
RB 64/2018
In accordance with the Terms and Conditions 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 pledged receivables securing the claims of bondholders of these series. As of September 30, 2018, the nominal value of the claims included in the set of pledged claims for each series amounted to:
- for series H PLN 26,009,930.27;
- for series I PLN 26,024,921.20;
- for series J PLN 17,459,310.47;
- for series K PLN 13,025,287.14 ;
- for series L, PLN 19,803,795.56 ;
- for series M PLN 15,883,240.37;
- for the N series PLN 5,467,337.62 ;
- for the O series, PLN 13,206,776.04 .
The total value of the harvest sum is PLN 136,880,638.67. 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 63/2018
Enclosed the Management Board of Pragma Faktoring S.A. presents the results regarding the value of sales in the third quarter of 2018. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).
Pragma Faktoring SA contracting and portfolio data for Q3 2018
RB 62/2018
With reference to the following published on 3/10/2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is increasing the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for September 2018 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 to the finalization of the transaction) to be carried out online in several minutes, and 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
- III Q 2016- 265
- Q4 2016- 621
- Q1 2017- 810
- II Q 2017- 1,236
- III Q 2017- 1,821
- Q4 2017- 5,106
- I Q 2018- 6,516
- II Q 2018- 8,166
- July 2018- 2,662
- August 2018- 2,759
- September 2018- 2,719
- III Q 2018- 8,140
*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).
RB 61/2018
Pragma Faktoring S.A. (Issuer) announces that on September 17, 2018, its subsidiary Leaselink sp. z o.o. entered into a cooperation agreement with the online platform Mintos (Platform). The agreement will enable Leaselink to sell to investors using the Platform the flows from receivables owed to its customers while guaranteeing these investors the repayment of the receivables (Guarantee Obligations). On September 17, 2018, the Issuer issued a surety for LeaseLink’s Guarantee Obligations while reserving the possibility of terminating the surety resulting in a release from liability for the Guarantee Obligations for transactions completed after the termination. According to the company’s plans, LeaseLink’s use of the Platform will be of a complementary and bridging nature, and is at the same time the realization of one of the Pragma Factoring Group’s strategic goals of diversifying the sources of financing its operations, including through the use of off-balance sheet financing in the P2P model. 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 60/2018
In accordance with the Terms and Conditions 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 August 31, 2018, the nominal value of the claims included in the set of pledged claims for each series amounted to:
| for H series | PLN 26,003,995.01; |
| for series I | PLN 26,408,570.74; |
| for J series | PLN 15,601,116.61; |
| for K series | PLN 13,002,725.01; |
| for L series | PLN 21,291,044.42; |
| for M series | PLN 17,316,917.77; |
| for N series | PLN 6,898,925.81; |
| for O series | PLN 16,111,596.07. |
The total value of the collection sum is PLN 142,634,901.44. Legal basis: article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).
RB 59/2018
With reference to the following published on 3/10/2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is increasing the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for August 2018 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 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
- III Q 2016- 265
- Q4 2016- 621
- Q1 2017- 810
- II Q 2017- 1,236
- III Q 2017- 1,821
- Q4 2017- 5,106
- I Q 2018- 6,516
- II Q 2018- 8,166
- July 2018- 2,662
- August 2018- 2,759
*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).
RB 58/2018
The Management Board of Pragma Faktoring S.A. informs that it has changed the date of publication of the separate and consolidated interim report for the first half of 2018 from September 3, 2018 to September 5, 2018. Legal basis: par. 80 paragraph 2 of the MF Regulation of 29.03.2018 on current and periodic information (…).
RB 57/2018
In accordance with the Terms and Conditions 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 pledged receivables securing the claims of bondholders of these series. As of July 31, 2018, the nominal value of the claims included in the set of pledged claims for each series amounted to:
| for H series | PLN26,011,098.91; |
| for series I | PLN26,018,857.28; |
| for J series | PLN15,609,202.21; |
| for K series | PLN 13,270,835.91; |
| for L series | PLN21,293,726.75 ; |
| for M series | PLN18,288,156.60; |
| for N series | PLN5,233,549.41 ; |
| for O series | PLN13,002,350.01 . |
The total value of the harvest sum is PLN 138,727,777.08. 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 56/2018
Pragma Faktoring S.A. informs that the Extraordinary General Meeting of Shareholders on August 13, 2018 passed a resolution to appoint Mr. Grzegorz Borowski to the company’s Supervisory Board. His candidacy was submitted by a shareholder – Pragma Inkaso S.A. Mr. Grzegorz Borowski graduated in 2003 from the Faculty of Law and Administration, Faculty of Law, at the University of Silesia in Katowice. He started his professional career in 1998 at Trading Service company, where he was employed as a trader and legal clerk. In 2002, he worked at the company Dom Obrotu wierzytelności CASH FLOW S.A. as a Legal Specialist. Since 08.12.2013, he has been employed at the Cooperative Bank in Jastrzębie Zdrój, where he held the positions of Collection Clerk, Collection and Credit Risk Control Manager, Collection and Credit Restructuring Manager, Managing Director of credit service units, and currently holds the position of Collection Manager. From 22.06.2011 to 02.03.2017, as a representative of the Bank, he served as Vice Chairman of the Supervisory Board of Fundusz Poręczeń Kredytowych Sp. z o.o. z/s in Jastrzębie-Zdrój. On 29.06.2018, he was appointed to the supervisory board of Pragma Inkaso S.A. To the best of the Issuer’s knowledge, Grzegorz Borowski does not carry out any business activity other than those listed above, including an activity that would be competitive to the Issuer, also as a partner in a civil partnership, partnership or a capital company, and does not participate in a competitive legal person as a member of its body, and has not been entered in the Register of Insolvent Debtors maintained by the National Court Register.
Legal basis: § 5 (1) (5) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…)
RB 55/2018
The Management Board of Pragma Faktoring S.A. (Issuer) announces the contents of the resolutions adopted by the Extraordinary General Meeting of Shareholders held at the Issuer’s headquarters on August 13, 2018. 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 is 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 (…).
RB 54/2018
With reference to the following published on 3/10/2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is increasing the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for July 2018 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 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
- III Q 2016- 265
- Q4 2016- 621
- Q1 2017- 810
- II Q 2017- 1,236
- III Q 2017- 1,821
- Q4 2017- 5,106
- I Q 2018- 6,516
- II Q 2018- 8,166
- July 2018- 2,662
*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).
BR 53/2018
The Management Board of Pragma Faktoring S.A. announces that an Extraordinary General Meeting of Shareholders has been convened, which will be held on August 13, 2018 at 10:00 a.m., at the company’s headquarters in Katowice, 72 Brynowska St. Enclosed please find the announcement of the meeting and draft resolutions. Legal basis: par. 19 (1) (1) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…)
BR 52/2018
Pragma Faktoring S.A. (Issuer) informs that today it has received from Ireneusz Rymaszewski a statement of resignation, effective July 17, 2018, from his position as a member of the Issuer’s Supervisory Board, in which the intention to undertake new professional duties was indicated as the reason for the resignation. Legal basis: § 5 (1) (4) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information (…)
BR 51/2018
The Management Board of Pragma Faktoring S.A. encloses the results regarding the value of sales in the second quarter of 2018. Legal basis – Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).
Pragma Faktoring SA contracting and portfolio data for Q2 2018
RB 50/2018
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 June 30, 2018, the nominal value of the pledged claims for each series was: for series H, PLN 26,057,455.45; for series I, PLN 26.055,085.38 PLN; for series J 15,826,656.68 PLN; for series K 13,215,422.69 PLN; for series L 19,500,266.37 PLN; for series M 17,590,602.86 PLN; for series N 5,584,196.28 PLN; for series O 16,890,792.75 PLN.
The total value of the collection sum is PLN 140,720,478.46.
Legal basis: Article 17 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council (MAR).
RB 49/2018
With reference to the following published on 3/10/2017. Pragma Faktoring S.A.’s strategy for 2017-2020 (current report No. 61/2017), an important element of which is increasing the scale of business carried out online and the development of the PragmaGO segment, the Issuer presents data for June 2018 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 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 April 2018- 2,615 May 2018- 2,763 June 2018- 2,788 Q2 2018- 8,166 *Customers who, after learning about LeaseLink/PragmaGO’s 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).
*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).
RB 48/2018
Pragma Faktoring S.A. (Issuer) announces that today it has received a notification, sent pursuant to Article 19 (1) of the MAR Regulation, about transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, a member of the Supervisory Board of Pragma Faktoring S.A.. The content of the information is attached to this report. Legal basis: Article 19 (3) MAR
RB 47/2018
The Management Board of Pragma Faktoring S.A. (Issuer) announces the contents of the resolutions adopted by the Annual General Meeting of Shareholders held at the Issuer’s headquarters on June 29, 2018. 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 (…).
Resolutions adopted at the AGM on 29 06 2018
List of shareholders at the AGM above 5 percent
Articles of Association of Pragma Faktoring S.A.
RB 46/2018
Pragma Faktoring S.A. (Issuer) announces that it has received two notifications sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, member of the Supervisory Board of Pragma Faktoring S.A. The content of the information is attached to this report. Legal basis: Article 19 (3) MAR
RB 45/2018
Pragma Faktoring S.A. (Issuer) announces that it has received two notifications sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, member of the Supervisory Board of Pragma Faktoring S.A. The content of the information is included in the attachments to this report. Legal basis: Article 19 (3) MAR
RB 44/2018
In accordance with the Terms and Conditions 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 May 31, 2018, the nominal value of the claims included in the set of pledged claims for each series amounted to:
- for series H PLN 26,015,836.27;
- for series I PLN 26,057,155.31;
- for series J PLN 16,035,590.23;
- for series K PLN 13,191,496.00;
- for series L, PLN 19,653,402.52;
- for series M PLN 16,102,951.94;
- for series N PLN 5,514,455.60;
- for the O series, PLN 13,027,429.49.
The total value of the collection sum is PLN 135,598,317.36. 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 43/2018
In connection with the Supervisory Board’s approval of the report on the Board’s activities in 2017, which also includes recommendations for the approval of the financial statements and management reports on the activities of the Issuer and the Pragma Faktoring S.A. Group, the Issuer is publishing the aforementioned report. All documents related to the Annual General Meeting convened for June 29, 2018 are available on the Issuer’s website at:
https://inwestor.pragmago.pl/wza/
Legal basis: par. 19(1)(2) of the Regulation of the Minister of Finance dated March 29, 2018 on current and periodic information.
Report on the activities of the RN of Pragma Faktoring for 2017
RB 42/2018
Pragma Faktoring S.A. (Issuer) announces that it has received three notifications sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, a member of the Supervisory Board of Pragma Faktoring S.A. The content of the information is included in the attachments to this report. Legal basis: Article 19 (3) MAR
IR notification PFA 08.06.2018
RB 41/2018
The Issuer announces that on June 6, 2018, it entered into a surety agreement with a US-based entity specializing in lending to companies in the SME financing industry (the Fund) against the Fund for the liabilities of Pragma Faktor Sp. z o.o., based in Katowice (the Target Company), under a revolving credit agreement (Line of Credit) in the amount of PLN 22 million to be granted by the Fund to the Target Company. The surety is to be granted by the Issuer up to 10% of the Line of Credit limit, i.e. up to PLN 2.2 million. At the same time, the Issuer agreed with the Special Purpose Vehicle on the terms of an agreement to manage the Company’s portfolio of factoring receivables. The above-mentioned agreements are part of a trilateral cooperation between the parties. This cooperation will be implemented on the following terms: – The Fund will make available to the Special Purpose Company for a minimum period of 12 months a credit line available in PLN in the amount of PLN 22 million, the purpose of which will be to finance receivables from factoring transactions carried out with Polish entrepreneurs; – The Issuer is obliged to provide the Special Purpose Company with a subordinated loan under the credit line in the amount of 5% of the credit limit, i.e. in the amount of PLN 1,100 thousand; – the Issuer will provide the Special Purpose Vehicle with servicing services consisting of acquiring factoring transactions, verification of counterparties, establishment of counterparty ratings and financing limits, on-going service in the field of factoring financing of counterparties, as well as monitoring and collection; – by virtue of the provision of the aforementioned services, the Issuer will be entitled to a credit facility of PLN 1,100 thousand. The Issuer will be entitled to remuneration from the SPV, established on market terms, as a part of the factoring revenues generated by the SPV; – The Issuer will not be liable for the repayment of executed transactions, subject to liability under the above-mentioned surety; – The Issuer will not be liable for the repayment of the factoring transactions, subject to liability under the above-mentioned guarantee. surety; – The Issuer will also be liable without limitation for damages that the Fund will suffer as a result of fraud or gross negligence of the SPV or the Issuer; – The Fund will also secure its receivables under the Line of Credit through a pledge of the SPV’s floating collection, a pledge of its shares and a pledge of its two restricted bank accounts, and will authorize the SPV’s key transaction decisions. The launch of the financing is subject to the establishment of the aforementioned collateral. The SPV is an entity in which Pragma Finanse Sp. z o.o., an entity outside the Issuer’s Capital Group, holds all of its shares. Cooperation with the SPV and the Fund in this formula does not burden the Issuer’s balance sheet with debt, and at the same time will allow the Issuer to increase the scale of its operations, generated revenues and results. The concluded agreements are part of the implementation of the Issuer’s strategy to diversify sources of financing for its operations, obtain off-balance sheet financing and carry out maintenance services. Legal basis – Article 17 (1) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 (MAR).
RB 40/2018
Pragma Faktoring S.A. (Issuer) informs that on June 5, 2018. The Supervisory Board dismissed from the Issuer’s Management Board Jakub Holewa, previously serving as Vice President of the Management Board, as well as Agnieszka Kowalik and Grzegorz Pardela serving as members of the Management Board. The dismissal was made effective July 1, 2018. The reason for the dismissal is a change in the Issuer’s business management formula and the functioning of the Board of Directors. At the same time, the Issuer informs that it intends to continue cooperation with all the above-mentioned persons, in particular, it is planned to appoint them as proxies after their dismissal from the Board. On the Board of Directors of the Issuer remain:
- Tomasz Boduszek, acting CEO, who will be responsible for financial reporting and investor relations, business financing, risk and collections;
- Daniel Mączyński, acting vice president, who will be responsible for products, sales and operational execution.
Legal basis: § 5 (1) (4) of the Decree of the Minister of Finance dated March 29, 2018 on current and periodic information (…)
RB 39/2018
With reference to the following published on 3/10/2017. 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 May 2018 on the effects generated by online sales channels.
Customers acquired by the Group through the online applications LeaseLink and PragmaGO*.
- Q2 2016- 97
- III Q 2016- 265
- Q4 2016- 621
- Q1 2017- 810
- II Q 2017- 1,236
- III Q 2017- 1,821
- Q4 2017- 5,106
- I Q 2018- 6,516
- April 2018- 2,615
- May 2018- 2,763
RB 38/2018
Pragma Faktoring S.A. (Issuer) announces that today it has received a notification sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, a member of the Supervisory Board of Pragma Faktoring S.A.. The content of the information is attached to this report. Legal basis: Article 19 (3) MAR
Notification Rymaszewski Asset_PFA_2018.05.29
RB 37/2018
The Management Board of Pragma Faktoring S.A. announces that it has convened an Ordinary General Meeting of Shareholders, which will be held on June 29, 2018, at 10:00 a.m., at the company’s headquarters in Katowice, 72 Brynowska St. Enclosed please find the announcement of the meeting and draft resolutions. Legal basis: par. 19 (1) (1) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…)
RB 36/2018
Pragma Faktoring S.A. _Emitter_ informs that today it has received two notifications sent pursuant to Article 19 (1) of the MAR Regulation, about transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, a member of the Supervisory Board of Pragma Faktoring S.A.. The content of the information is included in the attachments to this report
RB 35/2018
Pragma Faktoring S.A. (Issuer) announces that it has received two notifications sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, member of the Supervisory Board of Pragma Faktoring S.A. The content of the information is included in the attachments to this report. Legal basis: Article 19 (3) MAR
RB 34/2018
Pragma Faktoring S.A. informs that on May 17, 2018. The Management Board of the Warsaw Stock Exchange (WSE) adopted Resolution No. 481/2018 to set May 21, 2018 as the first day of trading in the alternative trading system on the Catalyst market of 100,000 O-series bearer bonds issued by Pragma Faktoring S.A., marked by the National Securities Depository S.A. with the code “PLGFPRE00164”. The bonds will be listed in the continuous trading system under the abbreviated name “PRF 0322”. Legal basis: § 17 (1) (4) of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information (…).
RB 33/2018
PRAGMA FAKTORING S.A. announces that today it has received an announcement from the National Depository for Securities (NDS) on the registration of 100,000 O-series bonds with the National Securities Depository S.A. as of tomorrow, i.e. May 16, 2018. The bonds have been assigned ISIN code: PLGFPRE00164.
RB 32/2018
PRAGMA FAKTORING S.A. informs that today it has received information that on May 14, 2018, the Management Board of the Warsaw Stock Exchange adopted Resolution No. 468/2018 on the introduction to the alternative trading system on the Catalyst market of 100,000 O-series 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 the documents confirming their introduction to the alternative trading system.
The resolution came into effect on the date of adoption.
Legal basis: § 17 (1) (1) and (2) of the Ordinance of the Minister of Finance of March 29, 2018 on current and periodic information (…).
RB 31/2018
In accordance with the Terms and Conditions 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 April 30, 2018, the nominal value of the claims included in the set of pledged claims for each series amounted to:
- for series H, PLN 26,003,101.94;
- for series I PLN 26,000,005.40;
- for series J PLN 15,602,841.68;
- for series K PLN 13,762,758.83 ;
- for series L, PLN 19,543,938.29;
- for series M PLN 15,615,783.52;
- for series N PLN 5,213,574.04;
- for series O PLN13,000,270.15 .
The total value of the collection sum is PLN 134,742,273.85. 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 30/2018
With reference to the following published on 3/10/2017. Pragma Faktoring SA’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 April 2018 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 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 customers to acquire the Group’s services reflects the efficiency of the online sales channel and is important for increasing the scale of the Issuer’s operations without a significant increase in operating costs.
Customers acquired by the Group through the online applications LeaseLink and PragmaGO*.
Q2 2016- 97
III Q 2016- 265
Q4 2016- 621
Q1 2017- 810
II Q 2017- 1,236
III Q 2017- 1,821
Q4 2017- 5,106
I Q 2018- 6,516
April 2018- 2,615 *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 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).
RB 29/2018
Pragma Faktoring S.A. (Issuer) announces that today it has received a notification sent pursuant to Article 19 (1) of the MAR Regulation, regarding transactions on the Issuer’s shares, from Rymaszewski Asset ltd, which is a person closely related to a person performing managerial duties at the Issuer, i.e. Rymaszewski Asset ltd is a subsidiary of Ireneusz Rymaszewski, a member of the Supervisory Board of Pragma Faktoring S.A.. The content of the information is attached to this report. Legal basis: Article 19 (3) MAR
IR notification PFA 23.04.2018