Free Shares For the Employees
Thursday, 2009-12-31
The transaction of disposal of 1,689,939 shares of LW Bogdanka S.A. effected by the State Treasury on 8 December 2009 pursuant to general rules, became a gateway for the commencement of the process of making the shares of LW Bogdanka S.A. available free of charge to eligible employees pursuant to the Act on Commercialisation and Privatisation of 30 August 1996.
On 22 October 1997, the Company prepared the final list of persons eligible to acquire its shares free of charge. The list contains 3,913 persons. Pursuant to the unequivocal regulations of the Act on Commercialisation and Privatisation, it is impossible to extend the group of persons, referred to above, eligible to acquire the shares free of charge.
The list of the eligible employees, including their period of employment in the state company under commercialisation, its predecessor and the Company as well as the total period of employment in these entities, was presented in the Company’s registered office in the pithead building in Bogdanka, 21-013 Puchaczów on 29 December 2009.
Moreover, it is possible to check one’s period of employment in LW Bogdanka S.A. (and its predecessor) by electronic means, through logging in the service in the tab “Logging for employees" in the Employees’ shares tab.
The eligible employees, whose period of employment in the Company has been incorrectly estimated, have the right to issue written complaints directly in the Company’s registered office or send them by registered post or by courier within the period of 14 days from the date of presenting the list of the eligible employees including the period of employment in the state company under commercialisation, its predecessor and the Company as well as the total period of employment in these entities, i.e. until 12 January 2010.
The right to acquire the Company's shares free of charge becomes effective upon the lapse of 3 months from the disposal by the State Treasury of the first shares pursuant to general rules, i.e. on 9 March 2010 and it may be exercised by the eligible employees until 9 March 2012.
The right to acquire the Company's shares free of charge is subject to inheritance, subject to the provisions of Article 38c)2-4 of the Act on Commercialisation and Privatisation. Further information on the exercise of the right to acquire the Company's shares free of charge by the eligible persons' heirs is available on the information board in the Company as well as on the Company's website in this service, before the commencement of signing the agreements on free of charge disposal of shares by the State Treasury.
The shares acquired free of charge by eligible employees may not be traded until the lapse of two years, or – in the case of employees being members of the Company's Management Board - three years, from the disposal by the State Treasury of the first shares on general terms.
More information connected with the process of the free of charge disposal of the shares of LW Bogdanka S.A. by the State Treasury is available at Employees’ shares tab.
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On 22 October 1997, the Company prepared the final list of persons eligible to acquire its shares free of charge. The list contains 3,913 persons. Pursuant to the unequivocal regulations of the Act on Commercialisation and Privatisation, it is impossible to extend the group of persons, referred to above, eligible to acquire the shares free of charge.
The list of the eligible employees, including their period of employment in the state company under commercialisation, its predecessor and the Company as well as the total period of employment in these entities, was presented in the Company’s registered office in the pithead building in Bogdanka, 21-013 Puchaczów on 29 December 2009.
Moreover, it is possible to check one’s period of employment in LW Bogdanka S.A. (and its predecessor) by electronic means, through logging in the service in the tab “Logging for employees" in the Employees’ shares tab.
The eligible employees, whose period of employment in the Company has been incorrectly estimated, have the right to issue written complaints directly in the Company’s registered office or send them by registered post or by courier within the period of 14 days from the date of presenting the list of the eligible employees including the period of employment in the state company under commercialisation, its predecessor and the Company as well as the total period of employment in these entities, i.e. until 12 January 2010.
The right to acquire the Company's shares free of charge becomes effective upon the lapse of 3 months from the disposal by the State Treasury of the first shares pursuant to general rules, i.e. on 9 March 2010 and it may be exercised by the eligible employees until 9 March 2012.
The right to acquire the Company's shares free of charge is subject to inheritance, subject to the provisions of Article 38c)2-4 of the Act on Commercialisation and Privatisation. Further information on the exercise of the right to acquire the Company's shares free of charge by the eligible persons' heirs is available on the information board in the Company as well as on the Company's website in this service, before the commencement of signing the agreements on free of charge disposal of shares by the State Treasury.
The shares acquired free of charge by eligible employees may not be traded until the lapse of two years, or – in the case of employees being members of the Company's Management Board - three years, from the disposal by the State Treasury of the first shares on general terms.
More information connected with the process of the free of charge disposal of the shares of LW Bogdanka S.A. by the State Treasury is available at Employees’ shares tab.
