LegalPCF Group
PCF Group OGM Resolutions: 4 June 2024
1 Jun 20248 pages~13 min full read
PCF Group S.A. reported a consolidated net loss of PLN 75,575 thousand for the 2023 fiscal year, with the board resolving to cover the unit-level net loss of PLN 64,652 thousand entirely through reserve capital.
See it on page 5Shareholders representing 76.70% of the issued capital (27,564,413 votes) unanimously approved all resolutions during the 4 June 2024 ordinary general meeting in Warsaw.
See it on page 2The company’s 2023 financial statements reflect total consolidated assets of PLN 513,461 thousand and a unit-level equity increase of PLN 171,253 thousand.
See it on page 4Despite the net loss, the company recorded a cash-flow increase of PLN 56,033 thousand for the 2023 period.
See it on page 5Shareholders granted formal discharge (absolutorium) to the chief executive, the chairman of the supervisory board, and all supervisory members for their 2023 performance.
See it on page 7The meeting ratified the supervisory board’s 2023 report and the audit committee’s assessment regarding compliance with GPW Good Practices.
See it on page 2The ordinary general meeting of PCF Group S.A., held in Warsaw on 4 June 2024, served to formalise the company’s governance and financial reporting for the 2023 fiscal year. Shareholders representing 76.70 % of the issued capital (27 564 413 votes) participated, with all resolutions passing unanimously in either open or secret ballots, reflecting the use of an electronic voting system that eliminated the need for a separate audit commission.
Key decisions included the election of Sebastian Wojciechowski as chairman of the meeting, the adoption of the agenda, and the approval of the 2023 annual and consolidated financial statements. The unit‑level balance sheet reported assets of PLN 502 508 thousand, a net loss of PLN 64 652 thousand, and an increase in equity of PLN 171 253 thousand, while the consolidated statements showed assets of PLN 513 461 thousand, a net loss of PLN 75 575 thousand and total negative earnings of PLN 80 889 thousand, accompanied by a cash‑flow increase of PLN 56 033 thousand. The board resolved to cover the net loss of PLN 64 651 944,69 entirely from the company’s reserve capital.
The meeting also ratified the supervisory board’s 2023 report, the audit committee’s assessment under the GPW Good Practices, and granted discharge (absolutorium) to the chief executive, the chairman of the supervisory board, and all supervisory members for their duties during the year. Each of these authorisations was confirmed by the same unanimous vote count, underscoring broad shareholder support for the company’s strategic and financial direction.
