Zdenek Pasak, director of subsidiary Personalistika CEZ has been appointed to the BoD as former vice-chairman Alan Svoboda stepped down due to the ongoing investigation of possible insider trading.
Separately, CEZ reiterated its plan for dual-listing on Warsaw stock exchange and specified end of June as a possible date. This comes in-line with CEZ’s efforts to become significant player on Polish energy market and make it shares more accessible for interested investors, i.e. Polish pension funds. We see both news as neutral for today’s trading with CEZ.