WSE Change in business conditions for the sale of the Company’s shares by key shareholders of the Company to an international industry investor

The Management Board of Work Service S.A. (hereinafter: the “Issuer” or the “Company”) – with reference to current report no 4/2020 on reaching a preliminary business agreement regarding potential sale of Company’s shares by the Company’s shareholders to an international industry investor (“Investor”) – informs that today it has received an information about changing a preliminary business agreement between Company’s key shareholders (“Shareholders”), holding a total of 36,658,780 Company’s shares, representing 55,89% of the total number of votes (“Shares”) and the Investor, which change concerns reduction of the price of potential sale of Shares by Shareholders to the Investor, to the amount of PLN 0.21 (twenty one groszy) for one share.
The Shareholders and the Investor will conduct further negotiations of the final transaction documents regarding the sale of the Shares on new terms (Further Negotiations”). The Management Board also informs that a potential transaction with the Company's Shareholders under the conditions described above may occur in connection with the investment considered by the Investor, and the completion of Further Negotiations is one of several conditions for the transaction with the Investor. The Company will provide information on meeting further conditions in separate current reports. As a result of the analysis, the Issuer has determined that it is justified to classify the above information as confidential information within the meaning of art. 17 sec. 1 MAR, subject to publication in the form of this report.