PCF Group S.A. has initiated a private subscription for up to 5,853,941 new Series F ordinary shares to fund its updated strategic objectives.
CEO Sebastian Wojciechowski has signed a lock-up agreement restricting the sale of his existing shares until December 31, 2027, to ensure leadership stability.
The offering is restricted to qualified institutional and large-scale investors committing a minimum of EUR 100,000.
Existing shareholders who held at least 0.25% of voting rights as of February 28, 2023, receive preference in the share allocation process.
Trigon Dom Maklerski S.A. has been appointed to manage the capital increase process.
The offering is limited to Poland and specific international markets under Regulation S, explicitly excluding the U.S., Australia, Canada, Japan, and South Africa.
PCF Group S.A., the parent company of game development studio People Can Fly, announced the commencement of a bookbuilding process for a private subscription of up to 5,853,941 new Series F ordinary bearer shares. This capital increase is conducted under a prospectus exemption for offerings representing less than 20% of the company’s existing shares already admitted to trading on the Warsaw Stock Exchange (GPW) over a 12-month period. The primary objective is to secure funding in alignment with the company’s updated strategic goals.
The offering is targeted exclusively at qualified institutional investors and large-scale investors committing at least EUR 100,000. Existing shareholders holding at least 0.25% of total voting rights as of February 28, 2023, are granted preference in the allocation process, provided they verify their holdings. Geographically, the offering is restricted to Poland and international markets under Regulation S of the U.S. Securities Act, explicitly excluding the United States, Australia, Canada, Japan, and South Africa.
In conjunction with the share issuance, the company entered into an agreement with Trigon Dom Maklerski S.A. to manage the offering. Furthermore, a lock-up agreement was established with Sebastian Wojciechowski, the company’s CEO and key shareholder. Under this agreement, Wojciechowski has committed to a long-term restriction on selling his existing shares until December 31, 2027, with standard exceptions for strategic transactions or tender offers. This lock-up is intended to ensure leadership stability and alignment with the long-term interests of the company during its strategic expansion.
