PKO BP privatization opened up to small investors

Only one change was introduced which aims at making the offer even more attractive to retail investors. The government decided to lower the top value of the privatization deposit account for retail investors from zł.50,000 to zł.20,000. "Due to this 31,000 clients will be able to receive shares," stated Treasury Minister Jacek Socha. If the previous value was preserved the shares would go to around 14,000 investors. Thanks to the privatization deposit account the shares may be bought and sold without opening an account in a brokerage house. Socha emphasized that an investor opening a deposit account will be allowed to present only one power of attorney which is to prevent buying the PKO BP stock by large investors using the proxy of numerous persons. Socha did not exclude the possibility of introducing further changes to the offer. He also stated that PKO BP shares will not be listed on any other stock exchange except for the WSE. (Parkiet, p. 4; Puls Biznesu, p. 4) E.B.