Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

22 April 2010 --- Dziennik Wschodni --- Miners collect their shares

Over 1,000 persons have already collected their free of charge employee shares of Lubelski Węgiel Bogdanka. “We have been distributing the shares since 7 April in two locations: at the mine and in Łęczna. The shares are very popular, at times there are even queues”, says Tomasz Zięba, Spokesman of Bogdanka. “We are expecting to satisfy all entire demand in the next two months.”

In total, 3,243 thousand shares will be distributed to the employees of Bogdanka. Lists contain 3,917 persons entitled to receive them. Those employees will receive from several dozen up to over 1,000 shares (those with seniority of over 24 years). At the moment, one share is listed at the stock exchange at about 74 zlotys, which means that the eligible employees will receive securities which are worth from a few thousand to 80 thousand zlotys.
“We are convinced that the value of those securities will keep growing year on year”, adds Zięba.
However, the employees cannot make a profit on the received shares yet. They will be allowed to sell them from 9 December 2011 on. (MAG)

22-04-2010 Dziennik Wschodni
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