WORKSERV: strona spółki
14.01.2020, 13:49

WSE The beginning of the negotiations with the creditors and shareholders of the Company and its subsidiaries related to the strategical options review.

The Management Board of Work Service S.A. (hereinafter referred to as: Issuer or Company) hereby informs that today it has commenced advanced negotiations with the banks providing loans for the Issuer, with the bondholders and the minority shareholders from the Hungarian subsidiaries, connected with the restructuration of the Issuer, including the rescheduling, the repayment or the haircut of some of its debts. The negotiations are taking place in connection with the current strategical options review (about which the Issuer informed in the current reports no 66/2019 and no 31/2019) and with the consultation and the presence of the international strategicinvestor which is at the stage of advanced analysis of the investment under the current strategical options review process (“Investor”); The Investor is one of the few entities, with which the Company is currently in advanced discussions in connection with the examination of the interest of the opportunity to subscribe for the Company’s shares or purchase the Company’s shares or the shares in the Company’s subsidiaries.
In addition, today The Issuer has also started taking part in the meetings organised at the Investor’s request with the company’s key shareholders related to the conditions of the potential sale of their shares and the possibility of the support of the potential proposal of the Management Board of the Company regarding the issuing of Company’s new shares. In the event that as a result of the talks the Issuer makes a decision regarding the selection of a strategic investor for the Company, this information will be provided immediately in the form of an appropriate current report. The Issuer will inform about the effects of negotiations and arrangements in separate current reports. As a result of the analysis, the Issuer has concluded that it is justified to classify the above information as confidential information within the meaning of art. 17 clause 1 MAR, subject to publication in the form of this report. Legal basis: - Article 17 section 1 Regulation of the European Parliament and of the Council _UE_ NO 596/2014 of 16 April 2014 on market abuse _ Regulation on market abuse _ and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / EC, 2003/125 / EC and 2004/72 / EC._ Signatures: Iwona Szmitkowska – President of the Management Board Jaroslaw Dymitruk – Vice-President of the Management Board

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