Legal

PCF Group Current Report No. 6/2024: Summary of Series G Share Subscription Costs

23 February 20242 pages413 words

Summary

The report provides a detailed accounting of the expenses incurred by PCF Group S.A. in Warsaw for the final subscription of 2,510,904 ordinary bearer shares of series G, each with a nominal value of 0.02 PLN. Its primary aim is to disclose the total emission costs and their allocation in accordance with the Minister of Finance’s regulation on current and periodic information for securities issuers. The analysis covers the entire subscription process completed in 2023, with the data compiled as of 23 February 2024. Total costs attributed to the emission amount to 2,731,908.25 PLN. The largest component, 2,701,068.25 PLN, relates to preparation and execution of the offer and includes legal fees of 150,981.51 PLN, transaction‑advisory fees of 2,523,458.00 PLN, and registration expenses of 26,628.74 PLN with the National Depository for Securities. Promotional activities added 30,840.00 PLN, while no fees were incurred for sub‑issuers or prospectus preparation, as the public offer did not require a prospectus. The average cost per share subscribed was approximately 1.09 PLN. For financial reporting, the incurred emission costs were offset against the reserve capital derived from the share‑premium surplus, reducing the capital reserve accordingly. The disclosure fulfills statutory requirements and offers investors transparent insight into the cost structure of the series G share subscription.

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