LegalPCF Group
Announcement of the Ordinary General Meeting
1 May 202510 pages~21 min full read
PCF Group S.A. will hold its Ordinary General Meeting on June 23, 2025, to address the company's 2024 financial performance, which resulted in a net loss.
See it on page 1The agenda includes a proposal to amend the Articles of Association to grant the Management Board authority to increase share capital and issue subscription warrants, potentially excluding pre-emptive rights for existing shareholders.
See it on page 4Shareholders must attend the meeting in person or via proxy in Warsaw, as the company has not authorized remote participation or electronic voting.
See it on page 7The record date for shareholder participation is June 7, 2025, for the company's 35,940,271 outstanding ordinary bearer shares.
See it on page 2The meeting will include formal votes on granting discharge to members of the Management and Supervisory Boards for their 2024 duties and a review of the remuneration report.
See it on page 2PCF Group S.A. maintains a total share capital of 718,805.42 PLN, with each of its 35,940,271 shares carrying one vote.
See it on page 9The Management Board of PCF Group S.A., a Warsaw-based public company operating in the video game industry under the People Can Fly brand, has formally convened an Ordinary General Meeting of Shareholders scheduled for June 23, 2025. The meeting will address the financial and operational performance of the company and its capital group for the fiscal year ending December 31, 2024. The agenda includes the presentation of financial results, the approval of management and supervisory board reports, and the adoption of a resolution regarding the coverage of a net loss incurred during the 2024 financial year.
Key corporate governance matters on the agenda involve granting discharge to members of the Management and Supervisory Boards for their duties in 2024 and conducting a discussion on the remuneration report. Furthermore, the meeting will consider significant amendments to the Company's Articles of Association. These proposed changes include authorizing the Management Board to increase the share capital within the limits of authorized capital and to issue subscription warrants, which may involve the exclusion of pre-emptive rights for existing shareholders subject to Supervisory Board approval.
The scope of the meeting covers the entirety of PCF Group S.A.’s operations and its consolidated subsidiaries. As of the announcement date, the company’s share capital is 718,805.42 PLN, divided into 35,940,271 ordinary bearer shares across series A, B, D, E, F, and G, with each share carrying one vote. The record date for participation is June 7, 2025. While the company will provide a real-time internet broadcast of the proceedings in both Polish and English, the Management Board has not authorized electronic voting or remote participation; shareholders must exercise their voting rights in person or via a proxy at the physical venue in Warsaw.
