Hawe to be finally excluded from the WSE

After a number of temporary suspensions, the Warsaw Stock Exchange will exclude telecommunications infrastructure company Hawe shares from its indices on June 2. Back in March, the Financial Supervision Authority KNF unanimously such fine, and Hawe said that it won’t appeal the decision. The exclusion is a result of the repeated infringement by Hawe of the Public Offering Act, including through irregularities in the publication of current and periodic reports, whose timely and proper publication “allows to maintain the information balance on the capital market,” KNF said. The KNF adds that the failure to fulfill information obligations was multiple and took place in the long run. Hawe is currently undergoing bankruptcy proceedings.