Legal basis:
Article 56 section 1 item 1 of the Act on Public Offering – confidential information
Content of the report:
The Management Board of Fast Finance S.A. informs that by virtue of the decision of PFSA, received on 10 May 2011, the Issuer obtained permission to manage securitized debts. In the Management Board’s opinion the permission enables the Issuer to expand its activities by cooperation with Investment Fund Companies in handling securitized funds and it may have a significant influence on Issuer’s revenue and financial results in the future. Handling securitized funds requires the same competencies as those held by the Issuer specializing in the purchase of consumer debt portfolios and their recovery on their own account. The expansion of activities into a new area of securitized funds is in accordance with the company’s current business model and constitutes another phase of Issuer’s long-term development strategy.
Signatures of the company’s representatives:
Jacek Longin Daroszewski - Chairman
Jacek Zbigniew Krzemiński - Vice-chairman