PKO BP looks after staff with giant share handout

Despite the fact that they will only be able to sell them after two years, the large potential supply of stock might become a risk factor for other investors. Estimates suggest the Treasury Ministry public floatation of the bank should provide the budget with zł.5-6 billion in revenues. This means that each of the 36,800 employees of PKO BP should receive from zł.46,000 to zł.54,000. The main criteria affecting the number of shares received by each of the workers will be the number of years they worked for the institution. The employees will receive shares three months after the IPO, which means they would be entitled to sell them no sooner than in 2007. However, according to Parkiet this regulation can be bypassed. (Parkiet, p. 1) M.M.