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GI GROUP POLAND S.A.: Release of the asset from the pledge (2018-04-12)

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RB 12:Release of the Issuer’s asset from the pledge

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 12 / 2018
Data sporządzenia: 2018-04-12
Skrócona nazwa emitenta
WORK SERVICE S.A.
Temat
Release of the Issuer’s asset from the pledge
Podstawa prawna
Art. 17 ust. 1 MAR - informacje poufne.
Treść raportu:
The Management Board of Work Service S.A. (the “Issuer” or the “Company”), in reference to current reports no. 77/2016 and 7/2018, informs that on 12 April 2018 it received an information to exempt 75% of the shares with a nominal value of HUF 1,000,000.00 each and the total nominal value of HUF 75,000,000.00 (the “Shares”), representing 75% of the share capital of the Issuer’s subsidiary Prohuman 2004 Munkaerő Szolgáltató és Tanácsadó Korlátolt Felelősségű Társaság with its seat in Budapest (the “Prohuman 2004 Kft.”) from the pledge established by the Issuer for the benefit of Powszechna Kasa Oszczędności Bank Polski S.A.
The shares were released from the pledge on the basis of the declaration on release of securities submitted by PKO S.A. in connection with the full repayment of Financial Debt under the PKO S.A. Credit Agreement of December 30th, 2016, made by PKO S.A. on April 5th, 2018, which the Issuer informed about in its current report no. 77/2016. On the repayment of Financial Debt under the PKO S.A. Loan Agreement, the Issuer informed in its current report no. 7/2018.

As a result of the analysis carried out, the Issuer assumed that qualification of the above-mentioned information as confidential within understanding of Art. 17 sec. 1 MAR, subject to publication in the form of this report, is justified.


Legal basis:
Article 17 sec. 1 MAR (Regulation No. 596/2014 of the European Parliament and of the Council (EU) of 16 April 2014 on market abuse (regulation on market abuse) and revoking Directive 2003/6/EC of the European Parliament and Council and of the Directive of the Commission 2003/124/EC, 2003/125/EC and 2004/72/EC.)

Signatures:
Maciej Witucki – President of the Management Board
Iwona Szmitkowska – Vice-President of the Management Board

MESSAGE (ENGLISH VERSION)

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data Imię i Nazwisko Stanowisko/Funkcja Podpis
2018-04-12 Maciej Witucki President of the Management Board
2018-04-12 Iwona Szmitkowska Vice-President of the Management Board

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