The Polish Financial Supervision Authority is investigating the dismissal case at KGHM. It is about the entry of a former deputy minister
The thing is that before the company announced the changes in the stock exchange announcement, information about the CEO's resignation was provided on the X platform by former Deputy Minister of State Assets, Robert Kropiwnicki.
Embittered by the fact that his nominee was dismissed from the company, Kropiwnicki revealed confidential information that could have influenced the valuation of KGHM on the stock exchange. And they did, as we reported on the website.
Polish and EU regulations (including the MAR regulation) provide that only the company and persons designated by it are authorized to provide such information. All this to avoid a situation in which internal information of companies could be used for speculation.
The company itself published information about changes in the management board only two hours later. The Polish Financial Supervision Authority entered the game.
“The KNF office is taking steps to assess the correctness of the fulfillment of information obligations regarding changes in the management board of KGHM SA, including whether there have been any violations related to unauthorized prior disclosure of information in this matter,” said Jacek Barszczewski, spokesman for the KNF.
