PCF Group S.A. increased its share capital from 591,250.24 PLN to 599,004.52 PLN through the issuance of 387,714 new Series D ordinary bearer shares.
See it on page 1The company’s Management Board has been granted authorization to further increase share capital by up to 29,562.50 PLN via the issuance of up to 1,478,125 new shares over the next three years.
See it on page 2The Board now holds the authority to exclude existing shareholders' pre-emptive rights, subject to Supervisory Board approval, to facilitate future capital raising and stock exchange listings.
See it on page 2Following the July 1, 2021 registration of amendments, the total number of votes across all issued shares at PCF Group S.A. reached 29,950,226.
See it on page 1The company's total share capital structure now consists of 27,500,000 Series A shares, 2,062,512 Series B shares, and 387,714 Series D shares.
See it on page 1These corporate governance changes, finalized by the District Court for the Capital City of Warsaw, are designed to provide the company with greater flexibility for future capitalization and growth initiatives.
See it on page 1PCF Group S.A., the parent company of game development studio People Can Fly, announced the formal registration of several amendments to its Articles of Association by the District Court for the Capital City of Warsaw on July 1, 2021. These changes, originally adopted during the Extraordinary General Meeting on May 24, 2021, primarily focus on restructuring the company’s share capital and granting the Management Board expanded financial authorities to support future growth and capitalization efforts.
A central component of these amendments is the increase of the company’s share capital from 591,250.24 PLN to 599,004.52 PLN. This was achieved through the issuance of 387,714 Series D ordinary bearer shares, each with a nominal value of 0.02 PLN. Following this registration, the total number of votes resulting from all issued shares stands at 29,950,226. The total share capital now comprises 27,500,000 Series A shares, 2,062,512 Series B shares, and the newly issued 387,714 Series D shares.
Furthermore, the amendments introduce a new provision authorizing the Management Board to increase the share capital within a designated authorized capital limit. This authorization allows for an additional increase of up to 29,562.50 PLN through the issuance of up to 1,478,125 new ordinary bearer shares over a three-year period. Notably, the Board is empowered to exclude existing shareholders' pre-emptive rights, in whole or in part, subject to approval from the Supervisory Board. This mechanism provides the company with significant flexibility to raise funds through private, closed, or open subscriptions, and facilitates the potential dematerialization and listing of new shares on the Warsaw Stock Exchange.
