PCF Group Current Report No. 21/2023: Series F Share Subscription Agreements Signed

PCF 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.