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4.02.2021, 19:06
WSE Conclusion by the Issuer of an installment agreement with the State Fund for Rehabilitation of Disabled Persons
Management Board of Work Service S.A. (hereinafter referred to as "the Issuer" or "the Company") informs that today the Issuer received an information about the signing by the State Fund for Rehabilitation of Disabled People with its seat in Warsaw (hereinafter referred to as: "SFRDP") - and thus about the entry into force - of an agreement on the distribution of payments into installments regarding the reimbursement of subsidies to the remuneration of disabled employees (hereinafter referred to as: "Agreement").
The Agreement covers the Issuer's obligation to return the subsidy to the remuneration of disabled employees resulting from the decision of the President of the Management Board of SFRDP of 21 November 2019, maintained in force by the decision of the President of the Management Board of SFRDP of 29 October 2020, in the part concerning the return of SFRDP’s funds provided to the Issuer as a subsidy for the remuneration of disabled employees for the reporting periods: March-April, June -September, November 2016, February-March, August-December 2017, January-February 2018 and repealing the contested decision in the part concerning the return of subsidies to the remuneration of employees with disabilities for the reporting periods June-July 2014. The obligation covered by the Agreement consists of: 1) the principal amount of PLN 6 226 032.13 (say: six million two hundred twenty six thousand thirty two zlotys and thirteen groszy); 2) interest in the amount of PLN 1 821 894.25 (say: one million eight hundred twenty one thousand eight hundred ninety four zlotys and twenty five groszy). The above decision of the President of the Management Board of SFRDP of 29 October 2020 was appealed by the Issuer with a complaint to the Provincial Administrative Court in Warsaw in the part related to the reporting period: August 2016 (refund amount: PLN 423 722.26). Pursuant to the provisions of the Agreement, if the court issues a legally binding decision which will indicate that the Issuer is not obliged to pay to SFRDP all or part of the receivables covered by the Agreement, the Agreement regarding the receivables covered by such a settlement will cease to be binding on the parties. Pursuant to the Agreement, the Issuer's liability shall be paid in 60 installments, starting from February 2021 to January 2026. 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 clause 1 MAR, subject to publication in the form of this report. Legal basis: Article 17 para. 1 MAR _ 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 Nicola Dell’Edera – Vice-President of the Management Board
The Agreement covers the Issuer's obligation to return the subsidy to the remuneration of disabled employees resulting from the decision of the President of the Management Board of SFRDP of 21 November 2019, maintained in force by the decision of the President of the Management Board of SFRDP of 29 October 2020, in the part concerning the return of SFRDP’s funds provided to the Issuer as a subsidy for the remuneration of disabled employees for the reporting periods: March-April, June -September, November 2016, February-March, August-December 2017, January-February 2018 and repealing the contested decision in the part concerning the return of subsidies to the remuneration of employees with disabilities for the reporting periods June-July 2014. The obligation covered by the Agreement consists of: 1) the principal amount of PLN 6 226 032.13 (say: six million two hundred twenty six thousand thirty two zlotys and thirteen groszy); 2) interest in the amount of PLN 1 821 894.25 (say: one million eight hundred twenty one thousand eight hundred ninety four zlotys and twenty five groszy). The above decision of the President of the Management Board of SFRDP of 29 October 2020 was appealed by the Issuer with a complaint to the Provincial Administrative Court in Warsaw in the part related to the reporting period: August 2016 (refund amount: PLN 423 722.26). Pursuant to the provisions of the Agreement, if the court issues a legally binding decision which will indicate that the Issuer is not obliged to pay to SFRDP all or part of the receivables covered by the Agreement, the Agreement regarding the receivables covered by such a settlement will cease to be binding on the parties. Pursuant to the Agreement, the Issuer's liability shall be paid in 60 installments, starting from February 2021 to January 2026. 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 clause 1 MAR, subject to publication in the form of this report. Legal basis: Article 17 para. 1 MAR _ 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 Nicola Dell’Edera – Vice-President of the Management Board