- 01
Krafton has secured priority allocation rights to increase its stake in PCF Group S.A. to exactly 10.00% of the company’s total share capital and voting rights.
- 02
The agreement establishes a fixed subscription price of 40.20 PLN per share for Krafton, applicable if the company issues up to 2,510,904 new shares by December 31, 2023.
- 03
The side letter, executed on June 14, 2023, serves as an amendment to the original investment agreement established between the two companies in March 2023.
- 04
The arrangement provides a framework for Krafton to increase its equity stake, though it does not create a binding legal obligation for the investor to subscribe to the new shares.
- 05
The potential share issuance is restricted to the Polish capital market and excludes offerings in the United States, Australia, Canada, Japan, and South Africa.
- 06
This strategic partnership aims to facilitate PCF Group’s capital expansion while solidifying Krafton’s role as a significant minority shareholder.