LegalPCF Group
PCF Group Current Report No. 21/2023: Series F Share Subscription Agreements Signed
9 Jun 20235 pages~13 min full read
Krafton, Inc. acquired 3,342,937 Series F shares of PCF Group S.A., representing the vast majority of the 3,343,037 total shares issued in the capital increase.
See it on page 1PCF Group S.A. confirmed that all cash contributions for the 3,343,037 newly issued Series F shares were paid in full as of June 9, 2023.
See it on page 1The capital injection is intended to strengthen the financial position of PCF Group S.A. to support its ongoing and future game development projects.
See it on page 1The remaining 100 shares from the total issuance of 3,343,037 were allocated to other investors outside of Krafton, Inc.
See it on page 1The share issuance was restricted to qualified institutional buyers and professional investors, excluding the general public in the United States, Australia, Canada, Japan, and South Africa.
See it on page 2The transaction was executed in compliance with European Union Market Abuse Regulations and Polish public offering laws.
See it on page 3PCF Group S.A., the parent company of the game development studio People Can Fly, announced the formal execution of agreements for the subscription of Series F ordinary bearer shares. This regulatory filing, dated June 9, 2023, confirms the finalization of a capital increase process previously outlined in several reports earlier that year. The primary purpose of the document is to disclose the successful allocation of new shares to investors and the receipt of the corresponding capital contributions.
The transaction involved the issuance of 3,343,037 Series F shares. A significant majority of this issuance was subscribed to by Krafton, Inc., the South Korean publisher known for PUBG: Battlegrounds, which entered into an agreement to acquire 3,342,937 shares. The remaining 100 shares were allocated to other investors. The company confirmed that all required cash contributions for these shares have been paid in full.
This corporate action is governed by European Union Market Abuse Regulations and Polish public offering laws. While the company is headquartered in Warsaw and listed on the Polish market, the scope of the share issuance was restricted to qualified institutional buyers and professional investors. The document emphasizes strict geographic limitations, noting that the shares were not registered under the United States Securities Act of 1933 and were not offered to the general public in the United States, Australia, Canada, Japan, or South Africa. The capital increase represents a strategic investment by Krafton into the Polish developer, strengthening the financial position of PCF Group S.A. for its ongoing and future game development projects.
