LegalPCF Group
Resolution No. 8/2021: Proposal on the Distribution of Profit for the 2020 Financial Year
26 May 20211 pages~2 min full read
PCF Group S.A. recorded a net profit of 29,095,746.74 PLN for the 2020 financial year.
The board proposed a dividend payment of 5,616,877.28 PLN, resulting in a payout of 0.19 PLN per share.
The company plans to retain 23,478,869.46 PLN of its 2020 net profit, transferring the funds to supplementary capital to support future operational growth.
The dividend record date is scheduled for June 30, 2021, with the disbursement date set for July 8, 2021.
The proposed profit distribution is subject to final approval by the company's Ordinary General Meeting and the Supervisory Board.
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.
