LegalPCF Group
Resolution No. 15/2023 of the Management Board
31 May 20231 pages~1 min full read
PCF Group S.A. generated a net profit of 42,336,347.79 PLN during the 2022 fiscal year.
The Management Board has proposed that the entire 2022 net profit be allocated to supplementary capital rather than distributed as dividends.
This decision to retain earnings is intended to strengthen internal capital reserves and support future development projects within the global gaming market.
The proposal, adopted on May 31, 2023, is subject to formal evaluation by the Supervisory Board and final approval at the Ordinary General Meeting of Shareholders.
The resolution applies exclusively to the parent entity, PCF Group S.A., and is based on financial statements for the period ending December 31, 2022.
Resolution number 15/2023 of the Management Board of PCF Group S.A., dated May 31, 2023, outlines the formal proposal for the allocation of the company’s net profit generated during the 2022 fiscal year. Based on the individual financial statements for the period ending December 31, 2022, the company achieved a net profit of 42,336,347.79 PLN. The Management Board recommends that the entirety of this profit be transferred to the company’s supplementary capital rather than being distributed to shareholders as dividends.
This strategic financial decision is grounded in the company’s statutes and the Polish Commercial Companies Code. By retaining the full amount of the 2022 earnings, the organization aims to strengthen its internal capital reserves, potentially providing a more robust financial foundation for ongoing operations or future development projects within the competitive global gaming market. The scope of this resolution is limited to the parent entity, PCF Group S.A., headquartered in Warsaw, and specifically addresses the financial results of the 2022 calendar year.
The resolution further mandates that this proposal be submitted to the Supervisory Board for formal evaluation before being presented for final approval at the Ordinary General Meeting of Shareholders. This procedural step ensures that the profit allocation aligns with the long-term interests of the company and its stakeholders. The document, signed by the President of the Management Board, Sebastian Wojciechowski, became effective immediately upon its adoption, signaling a clear intent to prioritize reinvestment and capital stability over immediate liquidity distribution.
