Zawiadomienie o podejrzeniu manipulacji w obrocie akcjami Milisystem SA

The Polish Financial Supervision Authority (KNF) has issued a press release in connection with suspected share manipulation pursuant to Article 15 of the Market Abuse Regulation (MAR). 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 Milisystem SA, a company listed on the NewConnect market operated by the Warsaw Stock Exchange. The manipulation supposedly occurred in the period from May 5, 2022 to September 21, 2022 and is presumed to have been conducted by a group of persons who acted in concert. In same context, the KNF informs that same measures have been undertaken as regards
– HUB.TECH SA
– INVENTIONMED SA
– SOFTBLUE SA
– BLACK PEARL SA
– DEVORAN SA (currently: DEVO ENERGY SA)
– EUROPEAN ENERGY FUND SA
– BORUTA-ZACHEM SA (currently HUB.TECH SA)
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.