PCF Group S.A., a Warsaw-based game development company, finalized a significant equity transaction on May 31, 2021, involving the issuance of Series D ordinary bearer shares. This action followed a series of corporate resolutions and previous market disclosures initiated in April and May of the same year. The primary objective of this specific transaction was the formal execution of a share subscription agreement with a Canadian entity, Fiducie Familiale Samuel Girardin 2020, a trust established for the benefit of Samuel Girardin and his associates in Montreal.
The transaction involved the issuance of 387,714 Series D shares at a set issue price of 75.75 PLN per share. This resulted in a total transaction value of 29,369,335.50 PLN. The issuance was conducted under the authority of the Extraordinary General Meeting of Shareholders held on May 24, 2021, which provided the legal framework for the capital increase. This move represents a targeted investment into the company by an international trust, expanding the firm's capital base through a private placement mechanism rather than a broad public offering.
The scope of this disclosure is limited to the Polish capital market and the specific contractual obligations between the developer and the Canadian trust. While the document confirms the signing of the subscription agreement, it notes that the final conclusion of the entire Series D share issuance process will be disclosed in a subsequent announcement. This transaction highlights the ongoing financial expansion and international investor interest in the Polish gaming sector during the second quarter of 2021, specifically regarding established studios seeking to solidify their financial structures through strategic share allocations.