| The Management Board of Work Service S.A. (hereinafter: the Issuer or the Company) informs that on 18th May 2016 the Extraordinary General Meeting of the Issuer, acting pursuant to §12(5) of the Company's Articles of Association, appointed Mr Krzysztof Kaczmarczyk to perform the duties of Member of the Supervisory Board of Work Service S.A. as of 18 May 2016. In fulfilling the obligations arising from § 28 of the Regulation of the Minister of Finance of 19th February 2009 on current and periodical information (...) the Management Board of Work Service S.A. provides as follows. Mr Krzysztof Kaczmarczyk - Member of the Supervisory Board Mr Krzysztof Kaczmarczyk is a graduate of the Warsaw School of Economics, specialisation in finance and accounting. In 1999-2008 he worked at Deutsche Bank - DB Securities SA Group as the Deputy Director of the Equities Research Department and Equities Research Analyst - Central and Eastern European Region. In the period 2008-2010 he held various managerial positions in TP SA Group, including Member of the Board of TP Emitel, and Director of Strategy and Business Development Division at TP SA Group. In 2010-2011 he worked in Poland at Credit Suisse - a Swiss investment bank. In 2012-2015 he was the Vice-President responsible for Strategy and Development at Emitel - a leading operator of terrestrial radio and television networks in Poland. Currently, he is a professionally independent member of Supervisory Boards of companies listed on the Warsaw Stock Exchange. He has gained many years of supervisory experience as a member of the Supervisory Boards of companies listed on the Warsaw Stock Exchange over the last 10 years (including KGHM Polska Miedz, Polish Energy Partners, Duon, Graal, Wirtualna Polska, 4fun Media, Polimex-Mostostal, Magellan, Robyg, InPost, Integer, SARE, Best). Krzysztof Kaczmarczyk meets the independence criteria referred to in Principle II.Z.4 of the "Code of Best Practice for WSE-Listed Companies for 2016". Mr Krzysztof Kaczmarczyk declares that he does not know any circumstances that his appointment as a member of the Supervisory Board of Work Service S.A. would violate the law or the Company's Articles of Association. In particular, Mr Krzysztof Kaczmarczyk: 1. has full legal capacity; 2. has not been penalized for the offences referred to in the provisions of Chapters XXXIII - XXXVII of the Penal Code and Articles 585, 587, 590, 591 of the Commercial Companies Code; 3. is not involved in activities competitive to the Company as well as he does not participate in a competing company as partner of a civil law partnership or a partnership or as a member of a competitive body of a capital company or member of the governing body of any competitive legal person; 4. is not entered in the Register of Insolvent Debtors maintained pursuant to the provisions of the Act of 20th August 1997 of the National Court Register (consolidated text: Dz.U. of 2007, No. 168 item 1186, as amended). 5. does not perform the function or hold the position as referred to in Article 1 and Article 2 of the Act of 21st August 1997 on the reduction of economic activity by the people who perform public functions; 6. has no associations with the company shareholders owning shares that represent not less than 5 % of votes at the general meeting of the Company. Legal basis: 1. Article 56(1)(2) of the Act on public offering and conditions for introducing financial instruments into organized trading system and on public companies (Dz.U. of 2009, No. 185, item 1439, as amended) 2. § 5 (1)(22) and § 28 of the Regulation of the Minister of Finance of 19 February 2009 regarding the current and periodic information given by the issuers of securities and the conditions for regarding as equivalent of the information required by law of a country which is not a Member State. Signatures: Tomasz Ślęzak – Vice-President of the Management Board Iwona Szmitkowska – Vice-President of the Management Board | |
