WORK SERVICE S.A. - Establishment of additional collateral required for the credit agreement concluded by the Issuer

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr 10 / 2017

Data sporządzenia: 2017-01-31

Skrócona nazwa emitenta

WORK SERVICE S.A.

Temat

Establishment of additional collateral required for the credit agreement concluded by the Issuer

Podstawa prawna

Art. 17 ust. 1 MAR - informacje poufne.

Treść raportu:

The Management Board of Work Service S.A. (The "Issuer") hereby informs about establishment of additional collateral required for the credit agreement concluded by the Issuer as the borrower with Bank BGŻ BNP Paribas S.A., Bank Millenium S.A., Bank Zachodni WBK S.A. and Raiffeisen Bank Polska S.A. as the lenders (The “Lenders”) on 18 November 2015, the conclusion of which the Issuer informed by publishing a current report no. 43/2015 dated on 19 Novemeber 2015 (”Credit Agreement”) in the form of: a) conclusion of the registered pledge agreement in favour of BANK BGŻ BNP PARIBAS S.A. and financial pledges in favour of BANK BGŻ BNP PARIBAS S.A., BANK MILLENNIUM S.A., BANK ZACHODNI WBK S.A., RAIFFEISEN BANK POLSKA S.A. on newly created shares of the Issuer in the subsidiary - Finance Care Sp. z o. o. with its registered office in Wrocław (“Finance Care”) with a value of 395,563.60 PLN ; b) conclusion of the registered pledge agreement in favour of BANK BGŻ BNP PARIBAS S.A. and financial pledges in favour of BANK BGŻ BNP PARIBAS S.A., BANK MILLENNIUM S.A., BANK ZACHODNI WBK S.A., RAIFFEISEN BANK POLSKA S.A. on 100% shares of the Issuer in the subsidiary - Antal Sp. z o.o. with its registered office in Wrocław (“Antal”) with a value of 21,461,964.29 PLN; c) conclusion of the registered and financial pledge agreements on the rights resulting from the bank accounts between the Lenders as pledgees and Antal as pledger; d) the agreement for the transfer of rights for the silent assignment between Antal as assignor and BANK BGŻ BNP PARIBAS S.A. and assignee. e) declaration submitted by Antal on the voluntary submission to the execution with respect to the guaranteed obligation, to the amount of 69,375,000.00 PLN; f) conclusion of the registered and financial pledge agreement on the rights resulting from the bank accounts (acquired by Finance Care from Work Service Finance Sp. z o.o. with its registered office in Wrocław, in relations to the merge of the Companies) between the Lenders as pledgees and Finance Care as pledger. According to the result of the analysis, the Issuer decided that it is reasonable to classify the above information as confidential information under art. 17 sec. 1 MAR which is subject to publication in the form of this report. Legal basis: Art. 17 sec. 1 MAR (Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014. On market abuse (...)

MESSAGE (ENGLISH VERSION)

WORK SERVICE SPÓŁKA AKCYJNA

(pełna nazwa emitenta)

WORK SERVICE S.A. Usługi inne (uin)

(skrócona nazwa emitenta) (sektor wg. klasyfikacji GPW w W-wie)

53-413 Wrocław

(kod pocztowy) (miejscowość)

Gwiaździsta 66

(ulica) (numer)

[phone] [phone]

(telefon) (fax)

www.workservice.pl

(e-mail) (www)

897-16-55-469 932629535

(NIP) (REGON)

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

Data Imię i Nazwisko Stanowisko/Funkcja Podpis

2017-01-31 Maciej Witucki President of the Management Board

2017-01-31 Tomasz Ślęzak Vicepresident of the Management Board