The shares of clothing producer LPP remain at a record high

"We are not planning to split the shares," said Dariusz Pachla, deputy president of the firm. Other major shareholders also oppose such a move. "The main reason is the formal insecurity concerning maintaining the privileged position of existing shareholders," explained Pachla. Such stock, which give five votes per share, are held by the founders of the enterprise - Marek Piechocki, president of LPP, and Jerzy Lubianiec, who together control 63% of votes in a general shareholders meeting. "This allows them to run the enterprise. They still intend to do it," claims the deputy president. LPP is planning to boost its revenues by 38% to zł.750 million, while net profit should go up 46% to zł.60 million. (Puls Biznesu, pp. 1, 9)