GIGROUP (GIG): Acquisition of shares of a foreign company by a Subsidiary of the Issuer - raport 7

Raport bieżący nr 7/2017

Podstawa Prawna:
Art. 17 ust. 1 MAR - informacje poufne.

The Management Board of Work Service S.A. (“Issuer”) hereby informs about the information obtained today concerning the acquisition of 23% shares of profit and loss of German company Work Service GmbH & Co. KG (limited partnership) by the subsidiary of the Issuer i.e. Work Service SPV sp. z o.o. with its registered office in Wrocław (“Subsidiary”), for a price of EUR 3,992,800.00, in the framework of performance of the Put option provided in the framework agreement, concluded on 26 February 2014 between the Subsidiary and Fiege Logistik Stiftung & Co. KG with its registered office in Greven, Germany (“Fiege”), the conclusion of which the Issuer informed by publishing a current report no. 15/2014.

Before the implementation of the Put option by Fiege, the Subsidiary held 51% shares of profit and loss. As a result of acquiring 23% of shares, the Subsidiary, at the moment of registration by the relevant court shall possess jointly 74% shares of profit and loss of Work Service GmbH & Co. KG

As a result of the conducted analysis, the Issuer concluded that it is justified to classify the above-mentioned information as confidential, as defined by Article 17 (1) of MAR, subject to publication in the form of this report.

Legal basis:

Article 17 (1) of MAR (Regulation of the European Parliament and the European Council (EU) No. 596/2014 of 16 April 2014 on market abuse (…)