LegalPCF Group
PCF Group Current Report No. 26/2023: Registration of Share Capital Increase
22 Jun 20232 pages~2 min full read
PCF Group S.A. has finalized a share capital increase, raising its total capital from 601,726.60 PLN to 668,587.34 PLN as of June 22, 2023.
The company issued 3,343,037 new Series F ordinary bearer shares, each with a nominal value of 0.02 PLN.
The new Series F shares represent approximately 10% of the company's total share volume, following the removal of pre-emptive rights for existing shareholders.
The total number of votes for PCF Group S.A. now stands at 33,429,367 across all share series.
The newly issued Series F shares are slated for dematerialization and admission to trading on the Warsaw Stock Exchange.
This capital increase was formally registered by the District Court for the Capital City of Warsaw, following authorization from an Extraordinary General Meeting held in February 2023.
PCF Group S.A., the Warsaw-based parent company of the game development studio People Can Fly, has finalized a significant corporate restructuring of its financial foundation. On June 22, 2023, the District Court for the Capital City of Warsaw officially registered an increase in the company’s share capital and corresponding amendments to its Articles of Association. This legal milestone follows a resolution passed during the Extraordinary General Meeting held in February 2023, which authorized the issuance of new Series F ordinary shares.
The capital increase involved raising the total share capital from 601,726.60 PLN to 668,587.34 PLN. This growth was achieved through the issuance of 3,343,037 Series F ordinary bearer shares, each carrying a nominal value of 0.02 PLN. As part of this strategic move, existing shareholders were deprived of their pre-emptive rights to the Series F shares, facilitating a streamlined entry for new investment. The newly issued shares and related rights are slated for dematerialization and admission to trading on the regulated market of the Warsaw Stock Exchange.
Following this registration, the total number of votes resulting from all issued shares stands at 33,429,367. The company’s share structure is now diversified across several series, including 27,500,000 Series A shares, over 2 million Series B shares, and smaller tranches of Series D and E shares, with the new Series F shares representing approximately 10% of the total share volume. This administrative action solidifies the company's expanded equity base as it continues its operations within the global gaming industry.
