LOT shareholders divided over financial issues

The shareholders, however, failed to pass another important decision which concerned LOT's terms and ability to sell financial instruments which are publicly traded. "The State Treasury as a shareholder submitted a motion not to undertake this issue due to the need to consult this with the receiver of SAir Group," explained Paweł Klimiuk, from LOT's press office. "For us, the shareholders of PLL LOT, such a motion, in connection with the financial standing of the daughter company Centralwings and the announcements of the planned bond issue, sound threatening to our company," said LOT's supervisory board members. The next meeting of the shareholders when this controversial issue will be discussed is scheduled for December 19. (Puls Biznesu, p. 1, 6) A.K.