News
03.04.2009 PGNiG S.A. inaugurates gratuitous share transfer agreements for eligible employees
On 3 April 2009, a ceremony took place inaugurating the transfer of PGNiGS.A. share agreements to eligible employees. Among the participants in the ceremony were the Vice Minister of the State Treasury, Krzysztof Żuk, the President of the Management Board of PGNiG SA, Michał Szubski, the Vice-President of the Management Board of PGNiG SA responsiblef or Labour Issues and Restructuring, Mirosław Szkałuba, the Vice-President of the Management Board of PGNiG SA responsible for Strategy, Radosław Dudziński, and the Vice-President of the Management Board of PGNiG SA responsible for Finance, Sławomir Hinc. Representatives of trade unions operating in the PGNiG Capital Group were also present.
The Vice Ministerof the State Treasury, Krzysztof Żuk and the President of the Management Board of PGNiG S.A., Michał Szubski presented share transfer agreements to the eldest eligible employees: Mrs Feliksa Drewniewska, Mrs Irena Kaliwoda, Mr Zbigniew Staszkiewicz, Mr Jerzy Czerwiński, Mr Mieczysław Kaczmarczyk, Mr Ryszard Orliński, Mr Donat Hipsz, and Mr Jan Klukowski, as well as to members of the Trade Union Coordination Committee of PGNiG SA.
Atotal of 61,516 employees of the PGNiG Capital Group have the right to acquire, free of charge, up to 750,000,000 shares with a par value of PLN 1 pershare. Employees with the longest work experience will receive 19,500 shares, while those working the shortest will receive 381 shares. The concluding gratuitous share transfer agreements will begin on 6 April 2009 and will end around 15 August 2009. This will allow eligible persons to acquire the right to the dividend for 2008 (for eligible employees ortheir successors who go to Customer Service Points for Eligible Persons on dates stated in schedules for these points).
The process of the gratuitous PGNiG S.A. share offering to eligible employees is being implemented based on the Law on Commercialisation and Privatisation dated 30 August 1996 (Journal of Laws of 2002, No. 171, item 1397 as amended) as well as the Ordinance of the Minister of the State Treasury on detailed principles of dividing eligible employees into groups, determining the number of shares per each group and the manner of acquiring shares by eligible employees dated 29 January 2003 (Journal of Laws of 2003, No. 35, item 303).
Pursuant to Art. 38 par. 2 of the above Act, eligible employees gained theright to acquire the Company shares free of charge as of 1 October 2008. The right will expire on 1 October 2010. Eligible employees will be able to exercise their right within the above period. However, successors of eligible employees will be able to exercise the right to acquire shares after this period as well, provided that they petition the court for ascertainment of the acquisition of an inheritance from eligible employee by the expiration date.
According to the adopted schedule, 39 Customer Service Points for Eligible Employees (CSPs) will serve nearly 1,000 persons daily. CSPs will be staffed by 39 employees of companies within the PGNiG Capital Group, 40 employees of Pekao S.A. Central Brokerage House and 95 advisors tot he Minister of the State Treasury. In addition, Eligible Employees will be able to open securities accounts. Eligible Employees or their successors will be able to conclude share transfer agreements at any Customer Service Point of Pekao S.A. Central Brokerage House when the CSPs’ operation ends.
More information about concluding gratuitous share transfer agreements is available on the website www.pgnig.pl at the bookmark Akcje pracownicze.
JoannaZakrzewska
Spokesperson for PGNiG SA
