Legal

Raport Bieżący Nr 20/2021: Zakończenie Subskrypcji Akcji Serii B oraz Sprzedaży Części Akcji Serii A w Ofercie Publicznej

4 May 20212 pages495 words

Summary

PCF Group S.A., the Warsaw-based parent company of the People Can Fly game development studio, finalized the financial accounting for its Series B share subscription and public offering in May 2021. This regulatory disclosure serves as a formal supplement to previous reporting from late 2020, detailing the specific expenditures incurred during the capital increase process. The scope of the data covers the full duration of the offering, with costs allocated across the 2020 and 2021 fiscal years. The total cost associated with the issuance of Series B ordinary bearer shares amounted to 6.327 million PLN. The largest portion of this expenditure, totaling 4.180 million PLN, was dedicated to the preparation and execution of the offer. Additional significant costs included 2.071 million PLN for the preparation of the prospectus and related advisory services, while promotional activities accounted for 76 thousand PLN. No costs were attributed to underwriters, as the company did not enter into any underwriting agreements for this series. On a per-unit basis, the average cost of conducting the subscription or sale was 1.53 PLN per share. The accounting methodology distributed these costs between the company’s supplementary capital and operating expenses. In 2020, 2.235 million PLN was recorded, with 1.067 million PLN reducing supplementary capital from the share premium and 1.168 million PLN recognized as operating costs. In 2021, the remaining 4.092 million PLN was accounted for, with 2.052 million PLN reducing supplementary capital and 2.040 million PLN categorized as operating expenses. This financial structuring followed the formal court registration of the Series B shares in January 2021, marking the completion of the capital raise cycle for the developer.

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