Zawiadomienia o podejrzeniu manipulacji w obrocie akcjami ManyDev Studio SE, Atlantis SE, Investment Friends Capital SE oraz Investment Friends SE

In connection with suspected share manipulation pursuant to Article 15 of the Market Abuse Regulation (MAR), the Polish Financial Supervision Authority (KNF) has issued a press release. Specifically, the KNF informs that it has adopted a resolution to forward to law enforcement agencies and to inform the public of suspected cases of share trade manipulation involving the following four companies which are all listed on the Warsaw Stock Exchange:
1. ManyDev Studio SE with its registered office in Warsaw,
2. Atlantis SE with its registered office in Tallinn,
3. Investment Friends Capital SE with its registered office in Tallinn,
4. Investment Friends SE based in Tallinn.
According to the press release, the KNF suspects manipulation in share trading by a group of individuals that acted in concert. Due to concerns that manipulation is still ongoing, the trading of shares of Atlantis SE and Investment Friends Capital SE was temporarily suspended.
The KNF concludes by noting that it is important to disclose this information to investors (a) to make them aware of possible risks when trading securities of the noted firms and (b) to raise awareness of the unlawfulness of entering into agreements with other investors to manipulate share trading and of engaging in otherwise manipulative activities. Any such behavior is punishable by law via fines or even imprisonment.