PCF Group EGM Convocation Announcement: 7 August 2023

The Management Board of PCF Group S.A., a Warsaw-based game development studio known as People Can Fly, issued a formal notice convening an Extraordinary General Meeting (EGM) scheduled for August 7, 2023. The primary purpose of the meeting is to deliberate and vote on a significant capital increase through the issuance of Series G ordinary shares. This proposal includes the total exclusion of existing shareholders' pre-emptive rights, the dematerialization of the new shares, and their subsequent admission to trading on the Warsaw Stock Exchange.

The agenda covers standard corporate governance procedures, including the election of a Chairman and a Scrutiny Committee, followed by the pivotal resolution regarding the Series G share issuance and corresponding amendments to the Company's Statute. As of the announcement date, the company’s share capital consists of 33,429,367 ordinary bearer shares across Series A, B, D, E, and F, with each share entitling the holder to one vote. The registration date for participation in the EGM was set for July 22, 2023.

The notice outlines strict procedural requirements for shareholder participation and voting. Shareholders representing at least 1/20 of the share capital maintain the right to request additions to the agenda or submit draft resolutions prior to the meeting. While the company will provide a real-time internet broadcast of the proceedings in both Polish and English, the Board explicitly stated that electronic participation, correspondence voting, and electronic speech-making will not be permitted. Shareholders may attend in person or via proxy, provided they follow specific identification and documentation protocols, including the submission of certificates from their respective securities accounts. All communications and documentation are managed through the company’s dedicated investor relations channels in compliance with the Polish Commercial Companies Code.