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The Warsaw Voice » Business » December 7, 2012
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PGNiG limits voting rights of shareholders other than Treasury
December 7, 2012   
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Natural gas firm PGNiG has limited voting rights of shareholders other than the State Treasury to 10%, according to statutory changes approved by shareholders at the Thursday EGM.

"Changes which were implemented in the statutes are of technical nature," CEO Grazyna Piotrowska-Oliwa told reporters. "PGNIG's statutes hadn't been updated or tidied up for a long time. Other companies with state share have undergone a similar process. It's noteworthy that the changes implemented today prevent a hostile takeover."

The Treasury has 72.4% of capital and voting rights of PGNiG.

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