LegalPCF Group
Uchwały Rady Nadzorczej PCF Group S.A. Dotyczące Spraw Wprowadzonych do Porządku Obrad Nadzwyczajnego Walnego Zgromadzenia PCF Group S.A. w Dniu 24 Maja 2021 Roku
17 May 20214 pages~4 min full read
The Supervisory Board of PCF Group S.A. issued formal support on May 17, 2021, for a share capital increase via the issuance of Series D ordinary shares.
See it on page 2The board approved the complete deprivation of preemptive rights for existing shareholders to facilitate the admission of Series D shares to the Warsaw Stock Exchange.
See it on page 2The company initiated the dematerialization of Series D shares and their mandatory registration with the National Depository for Securities.
See it on page 2The Supervisory Board endorsed amendments to the Articles of Association to grant the Management Board authority to increase share capital within the limits of authorized capital (kapitał docelowy).
See it on page 3The Management Board is now authorized to exclude preemptive rights for existing shareholders, either partially or in full, subject to obtaining specific consent from the Supervisory Board.
See it on page 3These corporate governance actions were designed to ensure compliance with the Commercial Companies Code and the Best Practice for GPW Listed Companies 2016.
See it on page 2The strategic objective of these resolutions is to enhance the company's financial flexibility and streamline access to capital markets for the 2021 fiscal period.
See it on page 3The Supervisory Board of PCF Group S.A., a prominent Polish video game developer known for the People Can Fly brand, issued a series of formal resolutions on May 17, 2021. These resolutions provide official opinions on agenda items for the Extraordinary General Meeting scheduled for May 24, 2021. The primary purpose of these actions is to ensure corporate governance compliance with the Commercial Companies Code and the Best Practice for GPW Listed Companies 2016, specifically regarding the oversight of capital structure changes and statutory amendments.
A central finding of these resolutions is the Supervisory Board’s unanimous positive opinion on several critical financial maneuvers. Most notably, the board supports a share capital increase through the issuance of Series D ordinary shares. This proposal includes the complete deprivation of preemptive rights for existing shareholders, a move intended to facilitate the admission and introduction of these new shares to the regulated market of the Warsaw Stock Exchange. The board also approved the dematerialization of these shares and the necessary registration with the National Depository for Securities.
Furthermore, the Supervisory Board endorsed amendments to the company’s Articles of Association. These changes include authorizing the Management Board to increase share capital within the limits of authorized capital (kapitał docelowy). This authorization grants the Management Board the power to exclude preemptive rights for existing shareholders, either in whole or in part, provided they obtain specific consent from the Supervisory Board. These resolutions reflect a strategic effort to provide the company with greater financial flexibility and streamlined access to capital markets during the 2021 fiscal period.
