GIGROUP (GIG): Exceeding the threshold of 5% of the total number of votes in a public company - the explanation with reference to the notification under the current report No. 9/2016 - raport 18

Raport bieżący nr 18/2016

Podstawa Prawna:
Art. 70 pkt 1 Ustawy o ofercie - nabycie lub zbycie znacznego pakietu akcji

The Management Board of Work Service S.A. (hereinafter: the Issuer or the Company) hereby confirms the receipt of the notice of 25 April 2016 the day before, pursuant to Art. 69.1.1) in conjunction with Art. 87.5.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2013, item 1382, as amended), from Franklin Resources Inc. with its registered office in San Mateo, USA (hereinafter: Franklin), which is the parent entity of: (i) Templeton Asset Management Ltd, with its registered office in Singapore (hereinafter: Templeton AM) and (ii) Franklin Templeton Investment Management Limited (hereinafter: Franklin Templeton IM), containing explanatory information in connection with the notice of 4 April 2016 which previously submitted by Templeton AM and covered by the current report No. 9/2016 of the Company, on a decrease of the total number of votes share at the general meeting of the Company below 5% resulting from the Company's shares held by the customers and funds managed by Templeton AM.

According to the above explanatory information, the combined share of the total number of votes at the general meeting of the Company resulting from the Company's shares held by: (i) Templeton AM customers and funds managed by Templeton AM, and (ii) Franklin Templeton IM customers and funds managed by Franklin Templeton IM remained above 5% of the total number of votes at the general Meeting of the Company, and the change in ownership introduced on 31 March 2016, which a notice from Templeton AM related to (included in the Company's current report No. 9/2016) resulted from the transfer of Company shares being the customers' assets and funds managed by Templeton AM to this kind of assets managed by Franklin Templeton IM.

The above change in ownership meant the transfer of 843,014 shares of the Company from Templeton AM to Franklin Templeton IM on 31 March 2016, and thus the total commitment of 1.30% of the total number of votes at the General Meeting of the Company was achieved by customers and funds managed by Franklin Templeton IM.

Before the above change in ownership, the customers of Templeton AM and funds managed by Templeton AM held 3,526,605 shares of the Issuer, representing 5.42% of the share capital of the Company, entitling to 3,526,605 votes at the General Meeting of the Company, representing 5.42% of the total votes at the General Meeting of the Company,

As a result of the above change of ownership:

1) the customers of Templeton AM and funds managed by Templeton AM hold 2,690,921 shares of the Company, representing 4.13% of the share capital of the Company. The shares, which entitles them to 2,690,921 votes at the General Meeting, representing 4.13% of the total number of votes at the General Meeting of the Company;

2) the customers of Franklin Templeton IM and funds managed by Franklin Templeton IM hold 843.014 shares of the Company, representing 1,30% of the share capital of the Company. The shares, which entitles them to 843.014 votes at the General Meeting, representing 1,30% of the total number of votes at the General Meeting of the Company.

Legal basis:

Art. 70.1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2013, item 1382, as amended)