Legal

Raport Bieżący Nr 9/2023

3 March 20232 pages485 words

Summary

The formal registration of amendments to the articles of association for PCF Group S.A., a prominent Polish game development studio, marks a significant adjustment to the company’s capital structure as of March 2023. Following a resolution by the Management Board, the District Court for the Capital City of Warsaw officially recorded an increase in share capital. This change was facilitated through the issuance of 136,104 Series E ordinary bearer shares, each carrying a nominal value of 0.02 PLN. Consequently, the total share capital of the company rose from 599,004.52 PLN to 601,726.60 PLN. The issuance involved the complete exclusion of pre-emptive rights for existing shareholders, as the company moved to dematerialize these new shares for trading on the regulated market of the Warsaw Stock Exchange. Following this registration, the total number of votes resulting from all issued shares reached 30,086,330. The updated share composition now includes Series A, B, D, and the newly added Series E shares. This corporate action reflects the company's utilization of authorized capital to support its financial and operational growth strategies within the public market framework. While the remaining authorized capital was calculated at 26,840.42 PLN, representing over 1.3 million potential shares, the company concurrently moved to repeal this specific authorized capital provision through a separate Extraordinary General Meeting resolution. This administrative shift, effective the same day as the court registration, indicates a transition in how the company manages its future equity issuance capabilities. The updated consolidated text of the articles of association now reflects these specific capital increases and the resulting governance structure for the Warsaw-based developer.

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Raport Bieżący Nr 9/2023

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