KGHM dividend suspended as court examines legality

The decision came as a result of a motion submitted to the court by Ryszard Zbrzyzny, the head of the largest trade union at KGHM and a Democratic Left Alliance (SLD) deputy. The court will examine the case on September 18. In the meantime the judge has suspended the dividend payout scheduled for September 10. Zbrzyzny is on holiday so could not comment the court's decision but his fellow trade unionists believe it is a great victory. "We are delighted. There is a spark of hope that the profit will stay at the company," said Piotr Trempała from the trade union at KGHM. The court's ruling seemed to astonish the KGHM board. "We will file an appeal," said a KGHM spokesperson. (Puls Biznesu, pp. 1, 6) E.B.