“The Management Board of PKP Cargo informs that on December 11, 2025, the Issuer's shareholder – PKP SA – acting pursuant to the company's statute, dismissed Mr. Marcin Wojewódka from the Supervisory Board as of December 11, 2025,” we read in a short announcement.
Although there is no information about the reasons in the official statement, you can guess that it is related to the confusion that Marcin Wojewódka caused on the stock exchange on Wednesday and Thursday.
The rest of the article is below the video
Confusion over PKP Cargo shares. Marcin Wojewódka in the spotlight
The shares of PKP Cargo, a company mired in financial problems, fell sharply on Wednesday, only to rise just as sharply on Thursday. This happened after information about large transactions made by Marcin Wojewódka, whose task is to keep an eye on the authorities of the state-owned company. Now everyone is looking at his hands. Also a state body responsible for controlling the financial market.
In the first minutes of Thursday's session, valuations increased by about 10%. It is worth noting that the day before the situation was completely opposite. At the worst moment, PKP Cargo shares lost almost 20%, and the balance for the day was minus 9%.
Marcin Wojewódka first got rid of almost 92,000. shares with a total value of over PLN 1.15 million, and later bought back the same amount at a lower price. He sold the shares at an average price of PLN 12.56 per share and later purchased them for PLN 11.53. The difference is almost 100,000. zloty.
See also: The state-owned company is threatening to sue the State Treasury. He is demanding over a billion zlotys
In the afternoon on Thursday, Marcin Wojewódka carried out another transaction – he bought another 1,038 shares at an average price of PLN 12.68.
Confusion over PKP Cargo shares. The Polish Financial Supervision Authority responds
The Polish Financial Supervision Authority drew attention to the confusion regarding PKP Cargo shares. “Wednesday's transactions in PKP Cargo shares are subject to analysis by the Polish Financial Supervision Authority from the point of view of the provisions of the MAR Regulation” – we read in a short message posted on the X platform.
In Business Insider, we asked experts about the legal aspects of the case related to the purchase of shares by important people in the company (read also: Scandal involving PKP Cargo shares. The Polish Financial Supervision Authority is analyzing Marcin Wojewódka's transactions. The expert explains how the MAR was violated“). The sale and purchase of shares is nothing extraordinary, but the manner of reporting on them is important. In this matter, one must take into account the provisions of the EU MAR regulation (Market Abuse Regulation).
Attorney Magdalena Marczuk (formerly Szeplik) from the Gessel law firm explains that As a rule, MAR does not prohibit members of governing bodies from making transactions. They are prohibited in the so-called closed period, i.e. for a period of 30 calendar days before the publication of the interim financial report and in a few exceptional situations. This time they didn't happen.
From January 1, 2020, persons discharging managerial responsibilities and persons closely associated with them should fulfill the obligation, however, the notification obligation in accordance with Art. 19 section MAR 1 Such notifications shall be made promptly.
According to Magdalena Marczuk notifications under Art. 19 MAR that were sent in connection with the transactions made were incorrect — both in terms of method and form.
We write more about this HERE.
