Relacje inwestorskie
> Home page > Press Center > Press info > Pressroom > Work Service S.A. decided to postpone the subscription for shares

Work Service S.A. decided to postpone the subscription for shares

Due to the unfavourable situation on capital markets, the Management Board of Work Service S.A. decided to postpone the subscription for shares in relation to the initial public offering for 23-27 February 2012.            

“Unstable situation on world stock markets and, in effect, also on the Warsaw Stock Exchange caused the current valuation of shares of Work Service, offered by the market, is below our expectations. However, the good news is that we noticed a great interest of institutional investors in buying our shares,” says Tomasz Hanczarek, President of the Management Board of Work Service S.A. “We still strive at entering the WSE as this is one of the most important elements of our growth strategy. It is also significant to conduct the offering of shares on satisfying terms and conditions which will safeguard maximum benefits for the company and its shareholders,” adds Tomasz Hanczarek, President of the Management Board of Work Service S.A.   

“Currently, Work Service is the largest company in Poland operating on the personnel services market whose growth rate amounts to more than 10% annually. I believe that investors will take present circumstances into account and sustain their interest in purchasing the shares of Work Service in February next year,” sums up Dariusz Rochman, Vice-President of the Management Board of Work Service S.A.      

Updated offering schedule

Submission of Share Purchase Declarations

from 17 February 2012

until 21 February 2012

Planned announcement to the public of the final issue price and the final number of Offered Shares in individual tranches

 22 February 2012

Opening of Public Subscription

23 February 2012

Accepting primary subscriptions for Offered Shares

from 23 February 2012

until 27 February 2012

Closing of Public Subscription if there are no additional subscriptions

27 February 2012

Planned announcement to the public of the number of Offered Shares which could be subscribed for as part of additional subscriptions

28 February 2012

Accepting additional subscriptions for Offered Shares

from 29 February 2012

until 01 March 2012

Closing of Public Subscription in the case of additional subscriptions

01 March 2012

Planned allotment of the Offered Shares

Up to 6 business days following the closing of public subscription

***  

Work Service Capital Group provides services in the area of HR management. It specializes in selection and recruitment of qualified employees, personnel consultancy, full outsourcing of functions related with HR and auxiliary processes management in companies as well as offering solutions based on usage of temporary employment contracts. Work Service S.A. is the largest service company on the Polish HR market, operating in the whole country through the network of branch offices as well as abroad in five countries of the Central and Eastern Europe. Work Service has been present on the market since 1999, and due to long-term cooperation with the largest employers in Poland and abroad it has full knowledge of the labour market and comprehensive solutions supporting management. Even 1000 large companies have already chosen Work Service to be their business partner, appreciating the company’s experience, professionalism and individual approach. Each year, thanks to Work Service, as many as 150 thousand people find employment.

 

More information:

Krzysztof Inglot,

Press Officer, Work Service SA

tel. 508 040 345,

krzysztof.inglot@workservice.pl

top
We use cookies on our website. By continuing to browse the site, you agree to our use of cookies. Learn more. ×