Legal

Raport Bieżący Nr 3/2022

3 March 20221 pages155 words

Summary

PCF Group S.A., the Warsaw-based parent company of the game development studio People Can Fly, announced a formal change to its corporate governance structure effective March 3, 2022. Dr. Aleksander Marcin Ferenc submitted his resignation from the company’s Supervisory Board, concluding his tenure in that specific oversight role on the same day the notice was issued. This regulatory disclosure was made in accordance with Polish financial regulations regarding current and periodic information provided by securities issuers. While Dr. Ferenc stepped down from his position on the Supervisory Board, his professional relationship with the group transitioned into a strategic operational capacity rather than a complete departure. Following his resignation, he began supporting the People Can Fly Group specifically within the areas of mergers, acquisitions, and integration. This shift suggests a refocusing of his expertise toward the company's inorganic growth strategies and the organizational consolidation of acquired entities. The management and the remaining members of the Supervisory Board formally acknowledged his contributions to the company’s governance during his term. This transition occurred during a period where the studio, known for titles such as Outriders and Gears of War: Judgment, maintained a public listing on the Warsaw Stock Exchange, necessitating transparent reporting of all leadership changes. The announcement serves as a standard legal notification to investors regarding shifts in the composition of the company’s high-level oversight bodies.

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