| The Management Board of Work Service S.A. (hereinafter: "Company" or “Issuer”), informs of receiving - pursuant to art. 69 par. 1 point 1) in connection with art. 87 par. 5 point 1of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2019, item 623, as amended) (hereinafter: "the Act"), from the beneficial owner (“Beneficial Owner”) of GI International S.R.L. with its registered office in Milan, Italian Republic (“GI”) and WorkSource Investments S.á r.l. with its registered office in Luxembourg ("WorkSource") - notification of October 18, 2020 containing information about the indirect acquisition of shares in the share capital of the Company ("Notification"). The Notification is based on the conclusion of an agreement to sell 13,714,286 shares of the Company between WorkSource as the seller and GI as the buyer ("Transaction"), for which the Beneficial Owner is the parent entity. The Beneficial Owner indicated that the execution of the Transaction under the aforementioned sale agreement took place at the moment of registering the shares constituting the subject of the Transaction on the securities accounts kept for GI on October 19, 2020. According to the Notification, the Beneficial Owner, prior to the above Transactions, held a total of 33,261,010 Company shares representing 50.71% of the share capital and entitling to 33,261,010 votes at the Company's General Meeting, representing 50.71% of the total number of votes, including: 1) indirectly through GI 19,546,724 shares of the Company representing 29.8% of the share capital of the Company and authorizing to exercise 19,546,724 votes at the general meeting of the Company; and 2) indirectly through WorkSource, 13,714,286 shares of the Company representing 20.91% of the share capital and authorizing to exercise 13,714,286 votes at the general meeting of the Company, representing 20.91% of the number of votes in the Company. As a result of the Transactions, the Beneficial Owner, as of October 19, 2020, holds, through GI, 33,261,010 shares of the Company representing 50.71% of the share capital of the Company and entitling to 33,261,010 votes at the general meeting of the Company, representing 50.71% the total number of votes of the Company. The Beneficial Owner no longer indirectly holds any shares of the Company through WorkSource. The GI is the only subsidiary of the Real Beneficiary that holds directly the Company's shares. The Notification, referred to in this current report, constitutes Appendix No. 1 to this report. Legal basis: Art. 70 point 1) of the Act of July 29, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2019, item 623, as amended) Signatures: Iwona Szmitkowska – Vice-president of the Management Board Nicola Dell’Edera - Vice-president of the Management Board | |
