On 14 January 2026, POL FSA issued position on share transaction obligations.
- POL FSA issued position on performance of obligations related to transactions in significant blocks of shares in public companies for the parties to the agreement.
Main Points
- The position covers the interpretation of the provisions of the Act on Public Offering on the parties' obligations in agreements re transactions of substantial shareholding in public companies, and on the penalty of prohibition on exercising voting rights in art 89.
- The document clarifies the moment when obligations arise and the subject entities.
- For POL FSA, it is possible to remedy a violation resulting in a prohibition on exercising voting rights under art 89, of the Act on Public Offering by fulfilling the obligations under art 69 of that Act, even after the deadline specified in that provision has passed.
- Details re the company's management board's obligation to verify if a shareholder should be subject to the prohibition of exercising voting rights under art 89 of the Act.
