After two years of anticipation, on July 1, employees of Polish gas monopoly PGNiG were able to trade their shares. And despite a sudden increase in supply – with the employees making up 13 percent of shareholders – the company’s share price improved, gaining three percent.

However, PGNIG shares, which debuted at zł.4 a year ago today, are now trading at only zł.3.38.

Meanwhile, both the Treasury, which has a 72.8 percent stake in PGNiG, and the company’s CEO, Sławomir Hinc, assure investors that rumors of a single investor trying to buy up the whole employee share offering are unfounded.

Source: Poland AM