GIGROUP (GIG): Extension of exclusivity period in the head of terms regarding sale of shares of Exact Systems S.A. - raport 38

Raport bieżący nr 38/2018

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

The Management Board of Work Service S.A. (the "Issuer"), with reference to the current reports no. 19/2018 dated 21 May 2018, no. 34/2018 dated 4 July 2018 and no. 37/2018 dated 20 July 2018, hereby informs that on 31 July 2018 the Issuer concluded with Mr. Paweł Gos, Mr. Lesław Walaszczyk and CVI Dom Maklerski Sp. z o.o. with its registered office in Warsaw (the “Purchasers”) annex no. 3 to the head of terms, pursuant to which the exclusivity period has been extended until 14 August 2018.

Pursuant to annex no. 3, the exclusivity period will be automatically extended until 5th business day following obtaining by a special purpose vehicle, whose shares are held by the Purchasers, (“SPV”) a final decision of the President of the Office for Competition and Consumer Protection (in Polish: Prezes Urzędu Ochrony Konkurencji i Konsumentów) regarding granting consent for the concentration by acquisition of all Issuer’s shares in Exact Systems S.A. with its registered office in Częstochowa (the “Company”), provided that by 14 August 2018:

• the SPV files to the Polish Office for Competition and Consumer Protection (in Polish: Urząd Ochrony Konkurencji i Konsumenta) relevant application for granting consent for concentration by acquisition of all Issuer’s shares in the Company; and

• the SPV concludes with the Issuer a preliminary share purchase agreement regarding sale of Issuer’s shares in the Company (the “PSPA”).

The Issuer will inform about submitting by SPV of the relevant application and signing of the PSPA in a separate current report.

As a result of the analysis, the Issuer found that it is justified that the indicated above information should be qualified as confidential information within the meaning of Article 17(1) MAR, subject to publication in the form of this report.