Warsaw, 02.10.2015 (ISBnews) – Treasury – shareholder holding 55.16% of the share capital of JSW (JSW) came up with a written request to convene an extraordinary general meeting of JSW and placed on the agenda matters relating to the adoption of a resolution to amend the Articles of Association, changes in the composition of the supervisory board, the company said.
“Shareholder pointed out that the proposed amendment to the statutes are intended to strengthen the supervision of the supervisory board of the financial situation of the company and are part of a package of measures taken by the Ministry of the Treasury in order to counter the difficult situation of mining companies and companies of the coal mining industry” – says in the message.At the same time the shareholder has indicated that such measures are taken as a result of the transfer of the responsibility of the Minister of Treasury oversight of mining co mpanies, are also given.
The leaders of the trade union organizations that lead the strike from 28 January. repeatedly formulated release request of the President of JSW Zagórowskiego Jaroslaw, who they believe is responsible for the company’s poor financial situation.
JSW Group is the largest producer of high-quality coking coal 35 (hard) and a significant producer of coke in the European Union. In 2013. JSW mines extracted 13.6 million tons of coal.
(ISBnews)
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