20 January 2010 --- Dziennik Wschodni --- Bogdanka: They Want To Buy Back Shares Which Do Not Exist Yet
Free of charge shares will be given to former and current employees of the mine. Currently the list of eligible persons consists of 3913 names. Even though it is another three months until the current and former employees of Bogdanka will receive free of charge employee shares (which they will not be allowed to sell for two years), certain individuals are already eager to cash in on it.
“Yesterday two young men were wandering around the pithead building. They were distributing leaflets in which they offered cash in exchange for rights to shares”, tells us Józef Przybysz, Deputy Chairman of Solidarność in Bogdanka.
The leaflets encourage: “Cash straight away”, or “The highest price”. “I phoned the indicated phone number. When they heard that I had worked in the mine for 24 years, they offered me 20,000 zlotys”, says Przybysz.
Yesterday, one Bogdanka share on the stock exchange cost approx. PLN 80. This means that the average pool of shares per person is already worth approx. PLN 65,000. Mr Przybysz, with his seniority, can count on even more. “It is obvious that if somebody is tempted by the offer, they will lose on it. Therefore, we will issue special brochures, warning miners against rash decisions”, announces Przybysz.
Experts also warn. “Such a transaction is circumvention of the law. One cannot dispose of something which one does not have”, says Robert Wolanin, Director of Dom Maklerski IDM S.A. brokerage house in Lublin. “Why do people fall for it? After all, they will not avoid paying 19% tax. And in two years the tax will be charged on whatever the value of the shares will be then. If one share costs 100 or 150 zlotys, the tax will be a multiple of the current the amount. And tax office will surely enforce its money.”
Currently, the list of persons eligible to acquire shares consists of 3913 persons. The number of shares available to a given person will be known in the near weeks. “The Company’s Management Board, in consultation with trade unions, will specify the number of shares available to each of the ten groups of different seniority”, says Tomasz Zięba, Spokesman of Bogdanka.
Then, the final list of eligible persons will be prepared. Eligible persons will have the right to acquire Bogdanka shares free of charge on 9 March 2010 at the earliest. “Signing relevant agreements can last until 9 March 2012”, adds Zięba. (MAG) 20 January 2010, Dziennik Wschodni
“Yesterday two young men were wandering around the pithead building. They were distributing leaflets in which they offered cash in exchange for rights to shares”, tells us Józef Przybysz, Deputy Chairman of Solidarność in Bogdanka.
The leaflets encourage: “Cash straight away”, or “The highest price”. “I phoned the indicated phone number. When they heard that I had worked in the mine for 24 years, they offered me 20,000 zlotys”, says Przybysz.
Yesterday, one Bogdanka share on the stock exchange cost approx. PLN 80. This means that the average pool of shares per person is already worth approx. PLN 65,000. Mr Przybysz, with his seniority, can count on even more. “It is obvious that if somebody is tempted by the offer, they will lose on it. Therefore, we will issue special brochures, warning miners against rash decisions”, announces Przybysz.
Experts also warn. “Such a transaction is circumvention of the law. One cannot dispose of something which one does not have”, says Robert Wolanin, Director of Dom Maklerski IDM S.A. brokerage house in Lublin. “Why do people fall for it? After all, they will not avoid paying 19% tax. And in two years the tax will be charged on whatever the value of the shares will be then. If one share costs 100 or 150 zlotys, the tax will be a multiple of the current the amount. And tax office will surely enforce its money.”
Currently, the list of persons eligible to acquire shares consists of 3913 persons. The number of shares available to a given person will be known in the near weeks. “The Company’s Management Board, in consultation with trade unions, will specify the number of shares available to each of the ten groups of different seniority”, says Tomasz Zięba, Spokesman of Bogdanka.
Then, the final list of eligible persons will be prepared. Eligible persons will have the right to acquire Bogdanka shares free of charge on 9 March 2010 at the earliest. “Signing relevant agreements can last until 9 March 2012”, adds Zięba. (MAG) 20 January 2010, Dziennik Wschodni