International law firm Pinsent Masons has advised Work Service S.A., Poland’s largest provider of personnel services, on the UK elements of its landmark dual-listing on the London Stock Exchange.
This is the first listing of its kind since a change of regulation in Poland enabling indigenous companies to hold dual listings outside the country.
Working in partnership with Pinsent Masons, Kochański Zięba & Partners has advised on the admission of Work Services S.A.'s shares on the Main Market of the London Stock Exchange on 18 February. Work Service S.A. will also remain listed on the Warsaw Stock Exchange. As part of this, Capita Registrars is providing a depository interest structure for Polish companies to enable trading of securities through CREST.
The Pinsent Masons team was led by Corporate partner Robert Moir with assistance from Christina Cook.
Robert Moir says: "We are delighted to have assisted Work Service S.A. and Kochanski Zięba & Partners on this groundbreaking matter. This was an innovative 'pathfinder' deal and I am sure there will be many progressive businesses in Poland and the wider CEE watching events with interest."
Szymon Gałkowski, the Partner that led the project for Kochanski Zięba & Partners, says: “The dual listing of a Polish company through depositary interests on the London Stock Exchange is the first of its kind, and we have seen a greater amount of interest from Polish companies seeking to follow in Work Service’s footsteps, as this gives Polish companies access to a large pool of new capital and investors, and increases their visibility on international markets."