Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Allegro.eu S.A. Capital/Financing Update 2022

Dec 6, 2022

5494_rns_2022-12-06_288cad52-2ffa-46a9-b66e-f6835004e232.html

Capital/Financing Update

Open in viewer

Opens in your device viewer

Date: 6 December 2022

Current report No. 40/2022

Title: Allegro Pay sp. z o.o. extends its cooperation with AION Bank

Legal basis: Article 17 of MAR - inside information

With reference to the current report No. 12/2021 of 11 October 2021 theBoard of Directors of Allegro.eu (the "Company") hereby announces thatstarting from 6 December 2022 Allegro Pay sp. z o.o. - a wholly ownedsubsidiary, will extend the scope of its current cooperation under aReceivables Purchase Agreement of 11 October 2021 (the "RPA") with AionBank SA / NV, a credit institution incorporated as a joint-stock company(soci_#233;t_#233; anonyme / naamloze vennootschap) under the laws of Belgium,with its registered office in Brussels, Belgium, acting through itsPolish branch trading under the name _quot;Aion Bank S.A. Spółka AkcyjnaOddział w Polsce_quot; with its registered office in Warsaw ("AION").

Cooperation is being extended such that Allegro Pay may also offer _quot;BuyNow Pay Later_quot; 30-day customer loans to AION for purchase. Until nowAION's purchases had been limited to installment loans of variousduration.

Through the sale of Buy Now Pay Later customer loans to AION within theextended cooperation, the Company expects that the value of outstandingcustomer loans that it needs to finance from its own capital resourceswill decline proportionately.

Allegro.eu is a Luxembourg public limited liability company (soci_#233;t_#233;anonyme), registered office: 1, rue Hildegard von Bingen, L - 1282Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.