The decision is final (PFSA has received confirmation of its delivery), so it became possible to disclose to the public information about the penalty, explains the Commission.
In accordance with the actual facts of this case on 28 December 2011. Appeared in Current Report No. 119/2011, which was included Ryszard Krauze’s statement of its intention to increase along with Prokom Investments SA and establishment of Wilanowskie Sp. with o.o share in the company to at least 25% of the share capital and votes in the period from 28 December 2011. until 28 December 2012. During this period, the present intention has not been realized – reads.
KNF announced that Ryszard Krauze therefore should be declared intention to update and inform the Commission and the company declared a change by 28 December 2011. Intention no later than within 3 working days from the occurrence of the change. Information obligations have not been fulfilled.
Ryszard Krauze , not notifying the Polish Financial Supervision Authority and the company’s intention to change the shareholding of the company’s commitment, violated Art. 69 paragraph. 5 of the Act on Public Offering and contributed to the infringement of the principle of transparency of the capital market, which is the cornerstone of its functioning – writes the Commission
The submission by Ryszard Krauze declaration of the intention to increase the current share of the total number of votes by at least 15% of the total number of votes in the company constituted an essential information for the market, which could be taken into account when making investment decisions and thus could affect the volume of trading and price of shares of the company, is also given.
The Commission has stated that the transfer of public information about an administrative decision regarding the imposition of Ryszard Krauze fine in connection with the performance of his duties under the Act on Public Offering related to the status of a shareholder of a public company fulfills the function of shaping legal awareness of capital market participants. This information, in evaluating the KNF, reflects the degree of reprehensible conduct of the proceedings in breach of the principles of functioning capital market by violating the provisions of the Act on Public Offering.
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