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Legal
Current Report No. 15/2022
The Ordinary General Meeting of PCF Group S.A., the Warsaw-based parent company of the People Can Fly development studio, finalized the allocation of its net financial results for the 2021 fiscal year on June 28, 2022. Following a formal resolution, the company designated a total of 8,086,561.02 PLN from its post-tax profits to be distributed among its shareholders as a dividend. This decision reflects the company's financial performance during a period marked by the continued operation and expansion of its global development capabilities. The distribution equates to a dividend of 0.27 PLN per share, applicable to the 29,950,226 shares currently eligible for such payments. To facilitate this process, the governing body established July 8, 2022, as the official dividend date, which serves as the deadline for determining shareholder eligibility. The actual disbursement of funds to investors was scheduled for completion on August 3, 2022. This financial action adheres to the regulatory requirements set forth by the Polish Minister of Finance regarding current and periodic information provided by securities issuers. By opting for a direct profit distribution, the group demonstrates a commitment to shareholder returns following the 2021 fiscal cycle. The scope of this announcement is limited to the corporate financial activities of the Polish entity and its immediate obligations to its investor base regarding the specific earnings generated during the previous calendar year.
PCF GroupJun 2022
Legal
Raport Bieżący Nr 11/2022
The Management Board of PCF Group S.A., the Warsaw-based parent company of the People Can Fly development studio, has formally recommended a specific distribution of the net profit generated during the 2021 financial year. Following a resolution passed on June 1, 2022, the board proposed that a portion of the annual earnings be allocated to shareholders as a dividend, while the majority of the funds remain within the company to bolster its internal reserves. This recommendation aligns with the company’s established dividend policy and has received a positive opinion from the Supervisory Board. The total net profit for the 2021 fiscal year amounted to 41,751,983.35 PLN. Under the proposed distribution plan, 8,086,561.02 PLN is earmarked for dividend payments, which equates to 0.27 PLN per share. This payout represents approximately 19.37% of the total net profit for the period. The remaining balance of 33,665,422.33 PLN is slated for transfer to the company’s supplementary capital. This strategy reflects a balanced approach between rewarding shareholders and maintaining significant liquidity for ongoing operations and future growth initiatives within the competitive game development sector. The proposal includes a specific timeline for the execution of these payments, designating July 8, 2022, as the dividend record date and August 3, 2022, as the official payout date. These recommendations are subject to final approval by the Ordinary General Meeting of Shareholders. The disclosure follows standard regulatory requirements for publicly traded companies in the European Union regarding market abuse and transparency. This financial decision marks a significant milestone for the group following its 2021 performance, demonstrating its capacity for profitability and capital return in the global gaming market.
PCF GroupJun 2022
Legal
Uchwała Numer 5/2022 Zarządu PCF Group S.A. w Sprawie Podziału Zysku Spółki za Rok Obrotowy 2021
The Management Board of PCF Group S.A., operating under the People Can Fly brand, formalizes a proposal for the distribution of net profit generated during the 2021 fiscal year. Based on the standalone financial statements for the period ending December 31, 2021, the company achieved a total net profit of 41,751,983.35 PLN. This resolution outlines a strategic allocation of these funds, balancing direct shareholder returns with the reinforcement of the company’s internal capital reserves. The proposal allocates 8,086,561.02 PLN for dividend payments to shareholders, which translates to a distribution of 0.27 PLN per share. The remaining balance of 33,665,422.33 PLN is designated for transfer to the company’s supplementary capital. This distribution strategy indicates a preference for retaining approximately eighty percent of the annual earnings to support future operations and financial stability, while still providing a liquidity event for investors. Specific timelines for the execution of the dividend payment are established within the resolution, setting the dividend record date for July 8, 2022, and the subsequent payout date for August 3, 2022. The implementation of this profit distribution is subject to the evaluation of the Supervisory Board and final approval by the Ordinary General Meeting of Shareholders. This administrative action follows the legal requirements of the Polish Commercial Companies Code and the specific statutes of the Warsaw-based game development firm.
PCF GroupJun 2022
Legal
Raport Bieżący Nr 24/2021: Rekomendacja Zarządu w Sprawie Podziału Zysku za 2020 Rok
The management board of PCF Group S.A., a Warsaw-based video game developer, has formally proposed a distribution plan for the net profit generated during the 2020 financial year. Following a board resolution passed on May 26, 2021, the company intends to allocate a total net profit of 29,095,746.74 PLN. This proposal aligns with the company’s established dividend policy and reflects the financial performance of the studio during a period of significant operational activity. The distribution strategy involves a dual approach of rewarding shareholders while maintaining internal capital reserves. Specifically, the board recommends allocating 5,616,877.28 PLN for dividend payments, which equates to 0.19 PLN per share. This payout represents approximately 19.3% of the total net profit for the year. The remaining balance of 23,478,869.46 PLN is slated for transfer to the company’s supplementary capital to support future growth and financial stability. The proposed timeline for this corporate action sets the dividend record date for June 30, 2021, with the subsequent payout scheduled for July 8, 2021. This recommendation is subject to the opinion of the Supervisory Board and requires final approval from the Ordinary General Meeting of Shareholders. The disclosure follows standard regulatory requirements for publicly traded companies in Poland, ensuring transparency regarding the allocation of earnings within the domestic gaming sector.
PCF GroupMay 2021