Brief: Work Service Acquires 100% Stake In Gi Group sp. z o.o.

Gi Poland SA

02/06/2021 07:08

June 2 (Reuters) - Work Service SA  WSEP.WA :
    * SAID ON TUESDAY THAT IT HAS CONCLUDED WITH GI
INTERNATIONAL AND
STEFANO COLLI-LANZI (SELLERS) SHARE PURCHASE AGREEMENT, TO
ACQUIRE 100% STAKE (32,954 SHARES) IN THE SHARE CAPITAL OF GI
GROUP SP. Z O.O. FOR 23.7 MILLION ZLOTYS
    * PAYMENT WILL BE DONE BY CONVERSION OF THE PURCHASE PRICE
INTO
SHARES
    * IF COMPANY CHOOSES THE OPTION OF CONVERTING THE PURCHASE
PRICE
INTO SHARES, IT WILL APPLY TO THE GENERAL MEETING OF WORK
SERVICE FOR THE SHAREHOLDERS TO ADOPT A RESOLUTION TO INCREASE
THE SHARE CAPITAL IN ORDER TO CONVERT THE NEWLY ISSUED SHARES
INTO THE PURCHASE PRICE BY THE END OF AUGUST 2021 AT THE LATEST
    * IF THE GENERAL MEETING IS NOT HELD BY THE LAST DAY OF
AUGUST
2021 AT WHICH THE RESOLUTION ON INCREASING THE SHARE CAPITAL IS
ADOPTED, THE COMPANY WILL INFORM THE SELLERS ON MAKING A NEW
SELECTION OF THE METHOD OF SETTLEMENT
    * IMPLEMENTATION OF THE TRANSACTION FALLS WITHIN THE
COMPANY'S
STRATEGY TO FOCUS MORE ON THE DEVELOPMENT OF OPERATIONS IN
POLAND

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3QsNfJa
    
 Further company coverage:  WSEP.WA  
   


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