Warsw (Puls Biznesu) – The value of shares of LPP, the company designing and selling clothes, has been exceeding PLN 900 (EUR 231.3) for several weeks now. These are the most expensive shares in the Warsaw stock market. “We are not going to split shares”, Dariusz Pachla, LPP deputy CEO said. The biggest shareholders of the company are also against the split. Marek Piechocki, LPP Ceo and Jerzy Lubianiec, a big shareholder, control 63 percent votes in the shareholders' meeting. “This lets them manage the company. They want to do it in the future. There is a threat that after the split someone would try to change the situation of privilaged shares”, the deputy CEO explained. This would mean, that the votes control would fall to 33 percent.
LPP clothes producer is not going to split shares
Warsw (Puls Biznesu) – The value of shares of LPP, the company designing and selling clothes, has been exceeding PLN 900 (EUR 231.3) for several weeks now. These are the most expensive shares in the Warsaw stock market. “We are not going to split shares”, Dariusz Pachla, LPP deputy CEO said. The biggest shareholders of the company are also against the split.