Lotos' shareholders vote on last minute changes

The reason for abandoning the meeting was that the day before they decided that the planned merger of the firm with the Jasło, Glimar, Czechowice and Petrobaltic refineries would not take place, but instead Lotos would buy these companies. The general shareholders meeting is now scheduled to reconvene on February 4, as by that time Lotos should have received permission from the government for the take over. Also on February 4, the shareholders will vote on the firm's debut on the Warsaw Stock Exchange. During the Friday meeting the shareholders voted to dismiss four members of the supervisory board. Among those who lost their posts were Stanisław Łańcucki, Zygmunt Parczewski and Jacek Namieśnik, who were replaced by Janusz Rachoń, (the principal of Gdańsk Polytechnic), Cezary Nowosad, (adviser to Nafta Polska) and Katarzyna Tabiszczyk, who became the head of the board. (Parkiet, p. 3) A.F.