LegalPCF Group
PCF Group Current Report No. 31/2023: Shareholder Notification (Krafton) Under Article 69
29 Jun 20231 pages~1 min full read
Krafton Inc. has officially surpassed the 10% threshold for both shareholding and voting rights in PCF Group S.A.
The regulatory disclosure regarding this increased equity stake was issued on June 28, 2023, in compliance with the Polish Act on Public Offering.
This transaction establishes the South Korean publisher Krafton Inc. as a major strategic investor in the Warsaw-based developer People Can Fly.
The acquisition reflects a broader industry trend of Asian gaming conglomerates securing minority investments in European AA and AAA development studios.
The increased investment integrates PCF Group S.A. into a more robust international financial framework to support its ongoing multi-project development strategy.
The management board of PCF Group S.A., the Warsaw-based parent company of the People Can Fly development studio, confirms that Krafton Inc. has officially exceeded the ten percent shareholding threshold in the company. This regulatory disclosure, issued in late June 2023, follows the formal notification requirements established by the Polish Act on Public Offering. The transaction marks a significant increase in the equity stake held by the South Korean publisher, known for the PUBG franchise, within the Polish game development firm.
Prior to this notification, Krafton Inc. held a smaller position in the company, but the recent acquisition of shares has triggered mandatory reporting obligations under Article 69 of the aforementioned act. By surpassing the ten percent voting rights threshold, Krafton Inc. solidifies its position as a major strategic investor in PCF Group S.A. This move reflects a deepening of the corporate relationship between the two entities, occurring within the context of the broader global trend of consolidation and strategic minority investments within the AA and AAA development sectors.
The scope of this disclosure is limited to the specific change in ownership structure as of June 28, 2023, and pertains specifically to the voting rights and share capital of PCF Group S.A. on the Warsaw Stock Exchange. The data is based on the formal notification submitted by the investor to the issuer. This development highlights the ongoing interest of major Asian gaming conglomerates in European development talent and established intellectual properties, positioning PCF Group S.A. within a more robust international financial framework as it continues its multi-project development strategy.
