Raport Bieżący Nr 7/2020

PCF Group S.A. formalizes a significant adjustment to its corporate governance framework through the registration of amendments to its Articles of Association. This regulatory action, finalized on December 23, 2020, follows a resolution passed during the Extraordinary General Meeting held on November 16, 2020. The registration was processed by the District Court for the Capital City of Warsaw, specifically the XIII Commercial Division of the National Court Register, marking the official legal implementation of these structural changes.

The primary modification concerns Paragraph 12, Section 1 of the company statutes, which establishes stricter quorum requirements for critical corporate decisions. Under the new provision, resolutions regarding amendments to the Articles of Association, the sale or lease of the enterprise or its organized parts, and the establishment of limited property rights on such assets now require a specific threshold of representation. Specifically, these actions can only be authorized if shareholders representing at least half of the company's share capital are present at the General Meeting.

This administrative update reflects the company's evolving legal structure during a period of transition within the Polish capital market. By increasing the representation requirements for fundamental changes to the business entity, the amendment provides enhanced protection for capital interests and ensures that major divestments or structural shifts carry the mandate of a significant majority of the shareholding base. The disclosure includes the adoption of a unified text of the Articles of Association to reflect these registered changes, ensuring transparency for investors and regulatory bodies regarding the company's operational bylaws.