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Legal
Uchwała Numer 5/2022 Zarządu PCF Group S.A. w Sprawie Podziału Zysku Spółki za Rok Obrotowy 2021
The Management Board of PCF Group S.A., operating under the People Can Fly brand, formalizes a proposal for the distribution of net profit generated during the 2021 fiscal year. Based on the standalone financial statements for the period ending December 31, 2021, the company achieved a total net profit of 41,751,983.35 PLN. This resolution outlines a strategic allocation of these funds, balancing direct shareholder returns with the reinforcement of the company’s internal capital reserves. The proposal allocates 8,086,561.02 PLN for dividend payments to shareholders, which translates to a distribution of 0.27 PLN per share. The remaining balance of 33,665,422.33 PLN is designated for transfer to the company’s supplementary capital. This distribution strategy indicates a preference for retaining approximately eighty percent of the annual earnings to support future operations and financial stability, while still providing a liquidity event for investors. Specific timelines for the execution of the dividend payment are established within the resolution, setting the dividend record date for July 8, 2022, and the subsequent payout date for August 3, 2022. The implementation of this profit distribution is subject to the evaluation of the Supervisory Board and final approval by the Ordinary General Meeting of Shareholders. This administrative action follows the legal requirements of the Polish Commercial Companies Code and the specific statutes of the Warsaw-based game development firm.
PCF GroupJun 2022
Legal
Resolution No. 8/2021: Proposal on the Distribution of Profit for the 2020 Financial Year
The management board of PCF Group S.A., the Warsaw-based parent company of the game development studio People Can Fly, has formally proposed a specific allocation of its net profit for the 2020 financial year. Following the conclusion of the fiscal period ending December 31, 2020, the company recorded a net profit of 29,095,746.74 PLN. This financial outcome reflects the company's performance during a year marked by significant development activity and the lead-up to major title releases. The proposal outlines a dual-purpose distribution strategy that balances shareholder returns with long-term corporate stability. Specifically, the board recommends allocating 5,616,877.28 PLN for a dividend payment to shareholders, which equates to 0.19 PLN per share. The remaining majority of the net profit, totaling 23,478,869.46 PLN, is designated for transfer to the company’s supplementary capital. This retention of funds suggests a strategic focus on strengthening the firm's internal financing capabilities and supporting future operational growth within the competitive global gaming market. The execution of this profit distribution is subject to approval by the Ordinary General Meeting and evaluation by the Supervisory Board. Under the proposed timeline, the dividend record date is set for June 30, 2021, with the actual disbursement to shareholders scheduled for July 8, 2021. This resolution adheres to the Polish Commercial Companies Code and the company’s internal statutes, representing a formal step in the financial governance of the publicly traded entity following its 2020 fiscal performance.
PCF GroupMay 2021
Legal
Raport Bieżący Nr 11/2022
The Management Board of PCF Group S.A., the Warsaw-based parent company of the People Can Fly development studio, has formally recommended a specific distribution of the net profit generated during the 2021 financial year. Following a resolution passed on June 1, 2022, the board proposed that a portion of the annual earnings be allocated to shareholders as a dividend, while the majority of the funds remain within the company to bolster its internal reserves. This recommendation aligns with the company’s established dividend policy and has received a positive opinion from the Supervisory Board. The total net profit for the 2021 fiscal year amounted to 41,751,983.35 PLN. Under the proposed distribution plan, 8,086,561.02 PLN is earmarked for dividend payments, which equates to 0.27 PLN per share. This payout represents approximately 19.37% of the total net profit for the period. The remaining balance of 33,665,422.33 PLN is slated for transfer to the company’s supplementary capital. This strategy reflects a balanced approach between rewarding shareholders and maintaining significant liquidity for ongoing operations and future growth initiatives within the competitive game development sector. The proposal includes a specific timeline for the execution of these payments, designating July 8, 2022, as the dividend record date and August 3, 2022, as the official payout date. These recommendations are subject to final approval by the Ordinary General Meeting of Shareholders. The disclosure follows standard regulatory requirements for publicly traded companies in the European Union regarding market abuse and transparency. This financial decision marks a significant milestone for the group following its 2021 performance, demonstrating its capacity for profitability and capital return in the global gaming market.
PCF GroupJun 2022
Legal
Rekomendacja Rady Nadzorczej w Sprawie Podziału Zysku Netto Wypracowanego w 2023 Roku
The Supervisory Board of 11 bit studios S.A. has formally endorsed a proposal regarding the allocation of the company’s net profit generated during the 2023 financial year. Following a resolution passed on May 9, 2024, the board issued a positive opinion on the Management Board’s recommendation to retain the entirety of the year’s earnings. Specifically, the net profit amounting to 525,609 PLN is slated to be transferred to the company’s supplementary capital rather than being distributed to shareholders as dividends. This financial decision focuses on the Polish gaming entity’s operations throughout the 12-month period ending December 31, 2023. By directing these funds into supplementary capital, the leadership aims to strengthen the internal financing structure and support the company’s ongoing development initiatives. The recommendation reflects a conservative fiscal approach during a period of significant project scaling and investment within the studio’s portfolio. The final determination regarding this profit allocation remains subject to the approval of the Ordinary General Meeting of Shareholders. This meeting is scheduled to take place on June 6, 2024, where the resolution will be put to a formal vote. This disclosure complies with standard regulatory requirements for publicly traded companies on the Warsaw Stock Exchange, ensuring transparency regarding the firm's capital management strategy and its implications for the upcoming fiscal cycle.
11 bit studiosMay 2024