| With reference to the current report no. 56/2018 dated 4 October 2018 and to the current report no. 62/2018 dated 31 October 2018, the Management Board of Work Service S.A. (the “Issuer”) hereby informs that on 6 December 2018, the Issuer and Remango Investments Sp. z o.o. with its registered office in Warsaw, a special purpose vehicle whose shares are held by Mr Paweł Gos, Mr Lesław Walaszczyk and a fund co-managed by CVI Dom Maklerski Sp. z o.o. (the “SPV”, and together with the Issuer – the “Parties”) concluded an annex (the “Annex”) to the preliminary share purchase agreement regarding the sale of all Issuer’s shares in Exact Systems S.A. with its registered office in Częstochowa (the “Company”) concluded on 4 October 2018 and to the definitive share purchase agreement regarding the sale of all Issuer's shares in the Company, concluded on 31 October 2018. Pursuant to the Annex, the Parties agreed that the deferred part of the purchase price for Issuer’s shares in the Company, which was due within 9 months from the completion of the transaction, will be paid in two tranches, first, in the amount of PLN 10,000,000 not later than by 7 December 2018, and second, in the amount of PLN 700,000 until 14 January 2019, provided that the Issuer sustains provision of certain services to the Company before 14 January 2019. Additionally, the Parties agreed that the deferred part of the purchase price for the Issuer’s shares in the Company will be decreased from PLN 13,000,000 to PLN 10,700,000 and will be paid by the Company (on a basis of the remittance agreement concluded between the Issuer, the SPV and the Company). As a result of the analysis, the Issuer found that it is justified that the above information should be qualified as confidential information within the meaning of Article 17(1) MAR, subject to publication in the form of this report. | |
