LegalPCF Group
PCF Group OGM Convocation Announcement 2023
31 May 20239 pages~20 min full read
People Can Fly (PCF Group S.A.) convened its 2023 Ordinary General Meeting for June 27, 2023, to review the company’s 2022 financial performance and corporate governance.
The meeting agenda centered on the approval of 2022 financial statements, profit distribution, and the granting of discharge to Management and Supervisory Board members.
PCF Group S.A. maintains a share capital of 601,726.60 PLN, consisting of 30,086,330 ordinary bearer shares across series A, B, D, and E, with each share carrying one vote.
Participation was restricted to shareholders of record as of June 11, 2023, with the company mandating in-person attendance or proxy voting rather than electronic participation.
Shareholders holding at least 5% of the company's share capital were granted the right to propose additional agenda items or draft resolutions.
The company provided a real-time, bilingual broadcast of the proceedings in Polish and English to ensure transparency for stakeholders.
The Management Board of PCF Group S.A., a Warsaw-based game development studio known as People Can Fly, issued this formal announcement to convene its Ordinary General Meeting of Shareholders. Scheduled for June 27, 2023, in Warsaw, the meeting serves to review the company’s performance for the 2022 fiscal year and address critical corporate governance requirements. The scope of the meeting covers the entire PCF Group capital group, including its domestic and international subsidiaries.
The primary agenda focuses on the presentation and approval of the 2022 financial statements, the Management Board’s report on group activities, and the Supervisory Board’s annual report. Key resolutions to be considered include the distribution of profits for the 2022 financial year and the granting of discharge to members of both the Management and Supervisory Boards for the performance of their duties. Additionally, the assembly will discuss the remuneration report for senior leadership and review the Audit Committee’s activities in alignment with the Best Practice for GPW Listed Companies 2021.
The announcement outlines strict participation criteria and procedural requirements under the Polish Commercial Companies Code. The record date for participation was set for June 11, 2023, sixteen days prior to the assembly. Shareholders representing at least 5% of the share capital are granted specific rights to propose agenda items or draft resolutions. While the company will provide a real-time internet broadcast of the proceedings in both Polish and English, the board decided against enabling remote electronic voting or participation, requiring shareholders to vote in person or via a designated proxy.
At the time of the announcement, PCF Group S.A. reported a share capital of 601,726.60 PLN, divided into 30,086,330 ordinary bearer shares across series A, B, D, and E. Each share entitles the holder to one vote at the General Meeting. All relevant documentation, including draft resolutions and proxy forms, was made available on the company’s investor relations website.
