GIGROUP: strona spółki
14.08.2019, 17:17
WSE Summary of the issue of Y-series stocks as part of the conditional increase of the Company's share capital
The Management Board of Work Service S.A. (hereinafter: "Company") informs about the completion of the issue of Y-series ordinary bearer stocks of the Company, with a nominal value of PLN 0.10 each ("Stocks"), which were issued in a private offer on the basis of Resolution No. 8/2018 of the Extraordinary General Meeting of the Company of 4 October 4 2018, presented as the annex to the current report of the Company No. 55/2018 ("Resolution of the EGM"), intended for subscription by authorized persons who are key members of the management team ("Authorized Persons"), in order to the exercise the rights from registered subscription warrants F-series - as part of the conditional increase of the Company's share capital in accordance with the conditions specified in the EGM Resolution.
In the period from 30 June 2019 to 31 July 2019, out of the 291,000 Stocks being the subject of the offer, 17 Authorized Persons acquired in total, for cash contributions, 163 250 Stocks, at the issue price of PLN 1.50 for one Stock. The value of the issue of Stocks (the result of multiplication of the number of acquired Stocks and their issue price) was PLN 244 875.00. No costs have been incurred so far to be included in the costs of the issue of Stocks. Costs incurred at a later stage (in particular in connection with the intermediation of the investment firm in the process of recording Stocks on the securities accounts of Authorized Persons) will be settled in the books of account and included in the Company's financial statements in accordance with art. 36 paragraph 2b of the Accounting Act, i.e. the costs of issuing Stocks incurred during the increase of the share capital will reduce the Company's supplementary capital to the amount of the excess of the value of the issue over the nominal value of stocks, and the remaining part will be included in financial costs; the Company will inform about these costs in detail after their identification. Acquisition of rights from Stocks and an increase in the Company's share capital by an amount equal to the nominal value of the Stocks acquired will take place along with the registration of the Stocks of a public company on a securities account as a result of their dematerialization in a securities depository maintained by KDPW S.A. (which will be equivalent to the issue of share documents within the meaning of Art. 451 § 2 sentence second Code of Commercial Companies); the Company will provide this information separately in the relevant current report. Legal basis: § 16 section 1 of the Regulation of the Minister of Finance of 29 March 2018 regarding the current and periodic information given by the issuers of securities and the conditions for regarding as equivalent of the information required by law of a country which is not a Member State, in connection with art. 56 section 1 point 2 of the Act of July 29, 2005 on public offerings and conditions governing the introduction of financial instruments to organized trading, and on public companies. Signatures: Iwona Szmitkowska – President of the Management Board Jarosław Dymitruk – Vice-president of the Management Board
In the period from 30 June 2019 to 31 July 2019, out of the 291,000 Stocks being the subject of the offer, 17 Authorized Persons acquired in total, for cash contributions, 163 250 Stocks, at the issue price of PLN 1.50 for one Stock. The value of the issue of Stocks (the result of multiplication of the number of acquired Stocks and their issue price) was PLN 244 875.00. No costs have been incurred so far to be included in the costs of the issue of Stocks. Costs incurred at a later stage (in particular in connection with the intermediation of the investment firm in the process of recording Stocks on the securities accounts of Authorized Persons) will be settled in the books of account and included in the Company's financial statements in accordance with art. 36 paragraph 2b of the Accounting Act, i.e. the costs of issuing Stocks incurred during the increase of the share capital will reduce the Company's supplementary capital to the amount of the excess of the value of the issue over the nominal value of stocks, and the remaining part will be included in financial costs; the Company will inform about these costs in detail after their identification. Acquisition of rights from Stocks and an increase in the Company's share capital by an amount equal to the nominal value of the Stocks acquired will take place along with the registration of the Stocks of a public company on a securities account as a result of their dematerialization in a securities depository maintained by KDPW S.A. (which will be equivalent to the issue of share documents within the meaning of Art. 451 § 2 sentence second Code of Commercial Companies); the Company will provide this information separately in the relevant current report. Legal basis: § 16 section 1 of the Regulation of the Minister of Finance of 29 March 2018 regarding the current and periodic information given by the issuers of securities and the conditions for regarding as equivalent of the information required by law of a country which is not a Member State, in connection with art. 56 section 1 point 2 of the Act of July 29, 2005 on public offerings and conditions governing the introduction of financial instruments to organized trading, and on public companies. Signatures: Iwona Szmitkowska – President of the Management Board Jarosław Dymitruk – Vice-president of the Management Board