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GI GROUP POLAND S.A.: Aneks do umowy z Profolio Projekt Tanacsado Kft. (2018-06-29)

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RB 31:Conclusion of an annex to the Share Purchase Agreement

Firma: WORK SERVICE SPÓŁKA AKCYJNA
Spis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr 31 / 2018
Data sporządzenia: 2018-06-29
Skrócona nazwa emitenta
WORK SERVICE S.A.
Temat
Conclusion of an annex to the Share Purchase Agreement
Podstawa prawna
Art. 17 ust. 1 MAR - informacje poufne.
Treść raportu:
The Management Board of Work Service S.A. (the “Issuer”) hereby informs that on 29 June 2018 the Issuer, as the purchaser, concluded with Profólió Projekt Tanácsadó Kft. (the “Seller”) with its registered seat in Budapest, Hungary, an annex to the purchase agreement of the remaining shares in the share capital of Prohuman 2004 Kft. (“Prohuman”) with its registered seat in Budapest, Hungary dated 23 October 2017 (the “Agreement”) (the “Annex”). The Issuer informed about the conclusion of the Agreement the Issuer informed in the current report no. 80/2017 dated 23 October 2017.

The annex concerns the postponement of the date of payment of the Second and Third Completion for the purchase of the remaining 19.78% shares in the share capital of Prohuman.

The Issuer, due to postponing the payment of the Second and Third Completion, agreed to pay compensation for the Seller in amount PLN 5,000,000 in two installments: the first installment will be payable on 29 June 2018 in the amount of PLN 2,000,000 and the second on 16 August 2018 in the remaining part.

In connection with the conclusion of the Annex, the provisions of the Agreement on default interest shall not apply by 30 September 2018.

As a result of the analysis, the Issuer has considered that it is justified to qualify the above information subject to publication in the form of this report as confidential within the meaning of Art. 17 (1) of the Market Abuse Regulation.


Legal basis:
Art. 17(1) of Regulation no. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

Signatures:
Maciej Witucki - President of the Management Board
Piotr Ambrozowicz – Vice President of the Management Board

MESSAGE (ENGLISH VERSION)

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis
2018-06-29 Maciej Witucki President of the Management Board
2018-06-29 Piotr Ambrozowicz Vice President of the Management Board

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