Bidzin heat and power station.  The district attorney’s office says what happened in the high-profile case

In June last year, EC Będzin’s shares suddenly began to grow rapidly. Within a few days, the price rose 10 times, and the company’s shares rose from about 7 PLN to more than 70 PLN. For several days, it was not clear what caused these increases in the company, which was previously not very popular among investors. Until the company published a stock market announcement. I was informed of this A Non-Disclosure Agreement (NDA) has been entered into with Orlen Synthos Green Energy in connection with talks regarding a potential investment in the implementation of small modular reactors In BWRX-300 technology in subsidiary owned territories.

“The conclusion of the agreement is the beginning of discussions regarding the project and the target structure of the cooperation. The company’s announcement stated that the form and conditions for implementing the project were not agreed upon by the two parties, and in particular the agreement does not obligate any of the parties to implement the project or conduct negotiations for its implementation. She responded to him and wrote, “It does not plan to cooperate with EC Będzin SA, and the relevant confidentiality agreement was signed at the request of EC Będzin in order to provide standards for its sites.”

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The prosecutor’s office says what’s happening in this case

At the beginning of June, we asked the District Prosecutor’s Office in Warsaw what was happening in the EC Będzin case. Piotr A. informed us. Skiba, spokesman for the Prosecutor General’s Office, said on Monday that two cases related to the Bedzin Heat and Electricity Plant had been registered in the Prosecutor General’s Office. The first concerns possible manipulation (committing an act pursuant to Article 183 (1) of the Law of 29 July 2005 on trading in financial instruments). However, in August last year, the Public Prosecutor’s Office refused to initiate proceedings because it concluded that no prohibited act had been committed.

For the second case The prosecution began the proceedings, but stopped them on May 23, 2024 due to the lack of elements of the prohibited act. This case concerns the possible “disclosure, from April 5, 2023 to April 23, 2023, of confidential information by the Board of Directors of Elektrociepłownia Będzin SA regarding the course of negotiations with bondholders on the terms of repayment of Elektrociepłownia Będzin SA bonds before its official publication in the current report.” “

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