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Brief: LPP Says Poland's KNF Decides To Impose 15 Mln Zloty Penalty On Company

April 21 (Reuters) - LPP SA LPPP.WA:

POLISH FINANCIAL SUPERVISION AUTHORITY DECIDES TO IMPOSE PLN 15 MILLION PENALTY ON COMPANY

DECISION IS NOT FINAL AND SUBJECT TO APPEAL

SAYS KNF IMPOSED INDICATED PENALTY ON BASIS THAT COMPANY HAD NOT PROPERLY FULFILLED ITS REPORTING OBLIGATIONS IN SCOPE OF PERIODIC INFORMATION

SAYS IT ALREADY CORRECTED FINANCIAL STATEMENTS IN AUGUST 2023 FOLLOWING REGULATOR'S RECOMMENDATION

KNF'S DECISION AND ITS JUSTIFICATION ARE BEING REVIEWED BY COMPANY

MANAGEMENT IS CONSIDERING EXERCISING RIGHT OF APPEAL

Source text: ID:nEM6Cxs2Qa

Further company coverage: LPPP.WA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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