LegalPCF Group
PCF Group Current Report No. 25/2023: Completion of Series F Share Subscription
20 Jun 20237 pages~17 min full read
PCF Group S.A. raised 134,390,087.40 PLN in gross capital through the private issuance of 3,343,037 new ordinary bearer shares.
See it on page 1The Series F shares were issued at a price of 40.20 PLN per share to two institutional investors.
See it on page 2The subscription process concluded on June 20, 2023, with all cash contributions fully paid by June 9, 2023.
See it on page 2The share issuance was conducted via private placement, bypassing the need for a formal allotment process or reduction rate.
See it on page 5The company has yet to finalize and disclose the specific brokerage and advisory costs associated with this capital raise.
See it on page 3This liquidity event supports the ongoing operations of the Warsaw-based developer People Can Fly within the global gaming market.
See it on page 1PCF Group S.A., the parent company of the game development studio People Can Fly, announced the successful completion of its Series F share subscription on June 20, 2023. This private subscription involved the issuance of 3,343,037 ordinary bearer shares with a nominal value of 0.02 PLN each. The primary objective of the issuance was to raise capital through a private placement directed at select institutional investors.
The book-building process for the offering took place between May 29 and June 1, 2023, with the share subscription agreements finalized by June 6, 2023. All shares were acquired by two investors at an issue price of 40.20 PLN per share. The total gross value of the offering reached 134,390,087.40 PLN. All contributions for the Series F shares were made in cash and were fully paid by June 9, 2023. Because the offering was conducted via private subscription and all shares were successfully subscribed to through individual agreements, no formal allotment process or reduction rate was applicable.
The scope of this financial activity was primarily centered in Poland, though the legal framework adhered to both local commercial codes and European Union market abuse regulations. While the total value of the subscription is confirmed, the specific costs associated with the issuance—such as brokerage and advisory fees—were not finalized at the time of reporting. The company committed to disclosing these final costs and their impact on financial statements in a subsequent report once all invoices are processed. This capital increase represents a significant liquidity event for the Warsaw-based developer as it continues its operations in the global gaming industry.
