RB 37:Conclusion of License Agreement by the Issuer
Firma: WORK SERVICE SPÓŁKA AKCYJNASpis treści:
1. RAPORT BIEŻĄCY
2. MESSAGE (ENGLISH VERSION)
3. INFORMACJE O PODMIOCIE
4. PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
| KOMISJA NADZORU FINANSOWEGO | ||||||||||||
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| Raport bieżący nr | 37 | / | 2021 | ||||||||
| Data sporządzenia: | 2021-07-09 | |||||||||||
| Skrócona nazwa emitenta | ||||||||||||
| WORK SERVICE S.A. | ||||||||||||
| Temat | ||||||||||||
| Conclusion of License Agreement by the Issuer | ||||||||||||
| Podstawa prawna | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Treść raportu: | ||||||||||||
| The Management Board of Work Service S.A. ("Issuer" or "Company") informs that the Issuer as the licensee ("Licensee") entered into a Licence Agreement ("Licence Agreement") with GI Group S.p.A., a company seated in Milan, which is an indirect parent company of the Issuer (through GI International SRL, a shareholder of the Issuer) as the licensor ("Licensor"). Pursuant to the Licence Agreement, the Licensor granted the Issuer a licence to use the word and figurative trademark "Gi Group" ("Trademark"). Pursuant to the Licence Agreement the Issuer is entitled to use the Trademark in the scope of providing services in business activity in the entire territory of Poland. The licence is a non-exclusive licence. The Issuer is entitled to grant sub-licences within companies belonging to the Work Service capital group. The Licence Agreement was concluded for a period of 5 years with an option of prolongation. Pursuant to the Licence Agreement, the total annual licence fee amounts to 0.2% of the turnover derived from all sales invoiced by the Issuer, however, due to the investments made by the Issuer, licence fee will be charged as of the second year of the term of the Licence Agreement. The Licence Agreement is governed by the laws of Poland. The other terms and conditions under which the Licence Agreement was granted do not differ from the terms and conditions applied for this type of agreement on the market. The Agreement has not been concluded subject to any condition or deadline. The conclusion of the Licence Agreement constitutes another stage of integration of services provided on the Polish market by the Issuer as an entity belonging to the Gi Group. The intended effect of this integration is rendering services in the field of temporary and permanent employment, outsourcing, search and selection of blue collar employees and HR consulting under one global brand "Gi Group". In the Issuer's opinion, the provision of services by Work Service S.A. under one of the strongest and most recognizable brands in Europe and in the world will allow full exploitation of the companies' synergies and implementation of the best practices and solutions in the HR area in Poland. As a result of the performed analysis, the Issuer considered that it is justified to qualify the information indicated above as confidential information within the meaning of Article 17 section 1 MAR, subject to publication in the form of this report. Legal basis: Article 17 section 1 MAR (EU Regulations of the European Parliament and of the Council no. 596/2014 of 16 April 2014 on market abuse (regulation on market abuse ) 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: Iwona Szmitkowska – President of the Management Board Paolo Caramello – Vice President of the Management Board | ||||||||||||
| MESSAGE (ENGLISH VERSION) | |||
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| PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ | |||||
| Data | Imię i Nazwisko | Stanowisko/Funkcja | Podpis | ||
| 2021-07-09 | Iwona Szmitkowska | President of the Management Board | |||
| 2021-07-09 | Paolo Caramello | Vice President of the Management Board | |||
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