Former employee's lawsuit puts distribution of Zelmer’s shares on ice

In this case the total value of the stake would stand at zł.42 million, but so far the process has not been commenced. "The management of Zelmer has treated the process of distributing employees' shares with the highest priority. We negotiated with DI BRE Bank not to charge them with commission until the time they are able to sell the stock in January 2007. Each step was consulted with the Treasury and accepted," said Maciej Olszak, head of the investor relations office in Zelmer. On Friday the Ministry sent a letter to the company requesting the halt in the distribution of shares, because one of the former employees claims he has the right to the shares and has sued the company. The Ministry decided to stop the process until the case was resolved. (Parkiet, p. 3) M.M