Established in 2002, People Can Fly is a pioneer of shooter video games in Europe and one of the three most experienced Polish AAA game developers.

PCF IS A GLOBAL AAA GAME DEVELOPER

About us

People Can Fly is a developer of: Painkiller (released 2004), Bulletstorm (released 2011) and Gears of War: Judgment (released 2013). People Can Fly develops games for PlayStation and Xbox consoles, PCs and streaming platforms.

Furthermore, in the course of its eight-years long partnership with the global game developer and publisher Epic Games, People Can Fly has cooperated on the development of such titles as: Gears of War, Gears of War 2, Gears of War 3, Unreal Tournament, Spyjinx and Fortnite.

PCF Group S.A. is currently working on 7 projects: Gemini, a new AAA game developed in partnership with global publisher Square Enix; Projects Dagger, Bifrost and Victoria to be released in the self-publishing model; one project in the concept phase – Red; as well as two projects in VR technology – Green Hell VR and Project Thunder – a new project based on one of the IPs from the Group’s portfolio.

In 2020 People Can Fly was awarded the “Forbes Diamonds” title – it is the Forbes magazine annual ranking of the fastest growing companies.

In September 2021, the Group updated its strategy – the goal is to become one of the leading independent development studios, and from 2024, an every year release of a game produced in cooperation with a publisher or in self-publishing model. The Group also plans to expand its portfolio with new genres and games from the compact AAA segment.

People Can Fly’s technology backbone is based on the Unreal Engine — a popular game development engine created by Epic Games. People Can Fly is one of the leading European studios using the Unreal Engine in game development.

In 2020, Game Informer, the largest gaming magazine worldwide, honored Outriders with a cover and a multi-column editorial. This means that three consecutive titles of the People Can Fly team: Bulletstorm, Gears of War: Judgment and Outriders, were published on the title page of this prestigious US magazine. People Can Fly is the only developer in Poland to ever achieve such distinction.

Global
gaming
business

  • 1

    Successfully proven, unique expertise in development of AAA games.

  • 2

    One of the pioneers on the Polish and European market for shooter games.

  • 3

    Developer of globally recognized games: Painkiller, Bulletstorm, Gears of War: Judgment.

  • 4

    International team of nearly 600 professionals, including a team of more than 400 professionals developing games in 8 locations on two continents (Europe and North America).

  • 5

    Stable business model relying on cooperation with the world largest game publishers: Square Enix and Gearbox.

  • 6

    Promising gaming pipeline – 7 new games in the making, including 3 growing to be released in self-publishing mode and 2 projects in VR technology; new genres and games from compact AAA segment; starting from 2024, an every year release of a game developed in cooperation with a publisher or in the self-publishing model.

History
People
Can Fly

’02

People Can Fly starts its business

’04

Worldwide release of Painkiller

’07

Epic Games purchases shares in People Can Fly

’11

Release of Bulletstorm

’12

Sebastian Wojciechowski appointed for Management Board of PCF

’12

Epic Games the sole shareholder of PCF

’13

Release of Gears of War: Judgment

’15

Management buy-out from Epic Games by Sebastian Wojciechowski

’16

Publishing and development agreement with Square Enix for Outriders

’17

Opening a PCF studio in the UK, establishment of companies in the USA and Canada

’17

Remaster Bulletstorm – Bulletstorm: Full Clip Edition

’18

Opening a PCF studio in Rzeszów

’19

Opening a PCF studio in New York

’20

Commencement of work on new AAA games

’20

IPO on the WSE

’21

Release of Outriders

’21

Takeover of Phosphor Games, opening a PCF studio in Chicago

’21

Purchase of 100% shares in Canadian Game On Creative, Inc.

’21

Update of the Group’s strategy

’21

Purchase of the controlling stake of Incuvo S.A.

History
People
Can Fly

’02

People Can Fly starts its business

’04

Painkiller gets released

’07

Epic Games purchases shares in People Can Fly

’11

Original Bulletstorm is released

’12

Sebastian Wojciechowski appointed for Management Board of PCF

’12

Epic Games is the sole shareholder

’13

Release of Gears of War: Judgment

’15

Management buy-out of Epic Games by Sebastian Wojciechowski

’16

Publishing and development agreement with Square Enix for Outriders

’17

Establishing PCF UK and subsidiaries in USA and Canada

’17

Remaster Bulletstorm – Bulletstorm: Full Clip Edition

’18

Opening of PCF Rzeszów studio

’19

Opening a PCF studio in New York

’20

Start of works on new AAA games

’20

IPO on the WSE

’21

The release of Outriders

’21

Takeover of Phosphor Games, opening a PCF studio in Chicago

’21

Update of the Group’s strategy

News

Development
strategy

The strategic goal of the Group is to strengthen the People Can Fly brand and to become one of the leading independent development studios in the world, and from 2024, to achieve the goal of an every year release of a game produced in cooperation with a publisher or in self-publishing model. In terms of the developed games, People Can Fly aims to create ambitious and innovative AAA games and high-quality AA games.

  • 1

    Development of new AAA game in cooperation with global publisher:
    – Project Gemini (AAA segment) – planned release by the end of 2024 – publisher: Square Enix.

  • 2

    Development of the international team
    – hire new developers or attract development teams in USA, Canada, UK and Poland.
    – start new development studios for the Group or acquire other video game developers.

  • 3

    Self-publishing of games developed in reliance on own IP
    – after the necessary preparations People Can Fly is planning to develop and self-publish new games using its new or already existing own IP. Currently, the studio is working on projects Dagger, Bifrost, Victoria and Red.
    – development of own, unique software and tools used in game development, known as the PCF Framework.

  • 4

    Expanding the Group’s portfolio
    – development of games from the compact AAA segment and in new genres, not covered by the Group’s operations so far, i.e. other than shooter and action games, combining RPG elements.
    – starting from 2024, an every year release of a game produced by People Can Fly.

  • Details of the Group strategy can be found in the Company’s issue prospectus.

1
Warszawa
2
Łódź
3
Rzeszów
4
Newcastle
5
Montreal
6
New York
7
Chicago
1

Warszawa

2

Łódź

3

Rzeszów

4

Newcastle

5

Montreal

6

New York

7

Chicago

The Group employs an international team of nearly 600 professionals, including a team of more than 400 game developers in eight studios, located in Poland (Warsaw, Rzeszów, Łódź), United Kingdom (Newcastle), USA (New York, Chicago) and Canada (Montreal). Canadian studio Game On and Katowice-based Incuvo S.A. are part of the Group. This organizational structure gives People Can Fly better access to top game development professionals all over the world and the ability to develop at least two AAA games simultaneously.

Management board

The Management Board comprises one person – the Management Board President, appointed for a three-year term of office, which expires on 6 November 2022.

Sebastian Wojciechowski

Sebastian Wojciechowski

President of the Management Board of PCF Group S.A.

Sebastian Wojciechowski has been associated with People Can Fly since 2012. He holds the position of the Management Board President from 2019. Earlier, he was the Management Board Member since 2013 and the Management Board President since 2015 in PCF Group sp. z o.o. (the legal predecessor of PCF Group S.A.). He is a majority shareholder of PCF Group S.A.

In the years 2008 – 2011 Sebastian Wojciechowski was the creator and director of the Digital Market department at Eurozet sp. z o.o., where he was responsible for the company’s digital strategy. From 1996 to 2007 he was co-founder, sales director, and then member of the management board of CR Media S.A. As part of his work in the CR Media capital group, in the years 2000 – 2008 he was vice-president of Ad.Point sp. z o.o. that managed AntyRadio and Radio Planeta FM radio stations. He graduated from the Warsaw School of Economics, specializing in Finance and Banking. In the years 1994 – 1995, under a Tempus scholarship, he studied at the Handelshøjskolen (Business School) faculty in Aarhus, Denmark.

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Supervisory
board

The Supervisory Board is composed of five people, appointed for a joint three-year term of office, which expires on 6 November 2022.

Mikołaj Wojciechowski – Chairman of the Supervisory Board, Member of the Audit Committee
Appointed in 2019 for a joint three-year term of office.

In 2017 Mikołaj Wojciechowski was Chairman of the Supervisory Board at PCF Group sp. z o.o. (the legal predecessor of PCF Group S.A.). Since November 2019 he has held the position of Chairman of the Supervisory Board of PCF Group S.A.

Mikołaj Wojciechowski is an advocate and since 2010 he runs his own advocate’s practice in Warsaw. In the years 2006-2010 he did an advocate’s apprenticeship and worked as an apprentice advocate in the advocate office of Igor Magiera in Warsaw. In 2003 he graduated from the Law Faculty of the European University of Law and Administration in Warsaw.

Mikołaj Wojciechowski meets the criteria set out in Art. 129 sec. 5 of the Act on Statutory Auditors concerning knowledge and skills concerning the Company’s sector.

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Jacek Pogonowski – independent Member of the Supervisory Board, Chairman of the Audit Committee
Appointed in 2020 for a joint three-year term of office.

Since 2020 Jacek Pogonowski has held the position of member of the Supervisory Board of PCF Group S.A.

Jacek Pogonowski carries on a business activity under the business name Usługi Konsultingowe Jacek Pogonowski. Since 2008 he has been associated with the V4C Eastern Europe fund (formerly: Baring Central European Fund), and since 2018 also with the V4C Poland Plus fund, in which funds he is a partner and holds the position of a director. Since 1997 he has held the position of member of the Management Board of Erste Investments, where he headed the M&A department. Since 1995 he has worked in a branch of the Group Bank Austria in Poland – IB Austria Financial Advisor. He began his professional career at Arthur Andersen in Warsaw in 1991. In 1991 Jacek Pogonowski graduated from St. John’s University In New York with a bachelor’s degree in finance. In 2012 he completed the IESE Advanced Management Program course at the University of Navarra, and in 2017 at this same university he completed the course: Become a Positive Leader to Accelerate Positive Change.

Jacek Pogonowski meets the criteria of independence in the meaning of the Best Practices for GPW Listed Companies, as well as the Act on Statutory Auditors.

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Dagmara Zawadzka, CFA – independent Member of the Supervisory Board, Member of the Audit Committee
Appointed in 2022 for a joint three-year term of office.

Since March 2022 Dagmara Zawadzka holds the position of the Supervisory Board member of PCF Group S.A.

In 2020 – 2021 Dagmara Zawadzka was the Aerotropolis & Development Division Director at Solidarity Transport Hub (Centralny Port Komunikacyjny Sp. z o.o.). In 2017 – 2020 she managed the London Office of Bank Gospodarstwa Krajowego (2019 – 2020), and earlier as the Managing Director of the Banking Products Division responsible for overseeing the sale of banking products to strategic clients, and for structured finance. She was also a permanent member of the bank’s Credit Committee.

In 2015 – 2017 Dagmara Zawadzka worked at PKP Intercity S.A. as the Executive Director of Finance & Procurement and the Chair of the Investment Committee. She supervised the controlling, finance, accounting and procurement departments and was responsible for the company’s recapitalization.

In 2011 – 2014 she worked in the PKN Orlen Group as Director of the Strategic Projects Development Office in PKN Orlen S.A., member of the Supervisory Board of IKS Solino and President of the Management Board of Kopalnia Soli Lubień.

She started her professional career in 2001 at BRE Corporate Finance as Consultant, Manager and Deputy Director, and from 2007 to 2011 she was the Deputy Director at Pricewaterhouse Coopers. Her employment with these consulting firms involved the participation in numerous M&A and IPO transactions.

Dagmara Zawadzka is a graduate from the Warsaw School of Economics (Master’s degree in Finance & Banking) and from the Aarhus School of Business in Denmark (Master of Science in International Finance & Business) . She has also completed a postgraduate studies in the field of International Financial Reporting Standards (IFRS) at the Warsaw School of Economics. She received a scholarship from the California Polytechnic University, USA. Dagmara is a CFA Charterholder.

Dagmara Zawadzka fulfills the independence criteria set forth in Art. 129 Section 3 of the Act of 11 May 2017 on Statutory Auditors, Audit Firms and Public Oversight and has a knowledge and qualifications relating to the accounting or auditing financial statements.

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Barbara Sobowska

Barbara Sobowska caries on a business activity under the name MOST Partners Barbara Sobowska and provides services for, amongst others, technology companies. Since 2017 she has held positions in boards of several commercial companies.

In years 2013 – 2016 she has been working as a lawyer in Weil, Gotshal & Manges – Paweł Rymarz sp. k. From 2012 to 2013 she has been working in law firm White & Case M. Studniarek i Wspólnicy – Kancelaria Prawna sp. k., and earlier (in years 2010 – 2011) in law firm Wilmer Cutler Pickering Hale and Dorr LLP. Since 2015 she is a solicitor in England and Wales and since 2013 an attorney-at-law in the State of New York. In 2012 she graduated from Harvard Law School with the title Master of Laws (LL.M.). In 2010 she graduated from the Faculty of Law and Administration of the Jagiellonian University in Cracow and in 2009 she graduated from International Business Law Program at Bucerius Law School in Hamburg.

Barbara Sobowska does not conduct any activity competitive to the Company and she is not a partner in any company competitive to the Company. She is neither a member of any board of a capital company competitive to the Company nor a member of any board of any other legal person competitive to the Company. Barbara Sobowska has not been entered into the Register of Insolvent Debtors.

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Kuba Dudek

Since 2013 Kuba Dudek has been associated with SpeedUp Venture Capital Group investment fund where he has been a managing partner since 2019. Earlier, he held the position of investment manager and analyst, leading and participating in over 30 investment and disinvestment processes of technology companies.

Kuba Dudek has started his professional career in 2010 in the BNP Paribas group, where he was initially involved in Fortis Lease, and then in the bank’s trade financing department. He graduated from University of Economics in Poznań, specializing in Capital Investments and Business Financial Strategies.

Kuba Dudek does not conduct any activity competitive to the Company and he is not a partner in any company competitive to the Company. He is neither a member of any board of a capital company competitive to the Company nor a member of any board of other legal person competitive to the Company. Kuba Dudek has not been entered into the Register of Insolvent Debtors.

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Shares and shareholding

Shareholding

Shareholding of PCF Group S.A. with its registered office in Warsaw as at 28 June 2022.*

Shareholder Number of shares in the share capital (%) Number of votes (%)
Sebastian Wojciechowski 14.969.480 49,98 14.969.480 49,98
Bartosz Kmita 2.579.910 8,61 2.579.910 8,61
Krzysztof Dolaś 1.817.936 6,07 1.817.936 6,07
Bartosz Biełuszko 1.808.137 6,04 1.808.137 6,04
Jointly the parties to the Entitled Shareholders Agreement** 21.175.463 70,7 21.175.463 70,7
Remaining shareholders 8.774.763 29,3 8.774.763 29,3
Total 29.950.226 100 29.950.226 100

* The shareholding structure is being updated following the reports from shareholders holding at least 5% of total amount of votes at the Company General Meeting of June 28, 2022.

**Shareholders Sebastian Wojciechowski, Bartosz Kmita, Bartosz Biełuszko, and Krzysztof Dolaś are parties to an agreement dated 26 June 2020, which agreement from the day at least one share in the company PCF Group S.A. is admitted to trading on the regulated market constitutes an understanding as referred to in Art. 87 sec. 1 point 5 of the Act 29 July 2005 on Public Offering, on Conditions for the Introduction of Financial Instruments, and on Public Companies.

Dividends

Dividend policy

One of the basic tasks of the Company’s capital resources management policy is to pay out dividends to shareholders in a predictable manner. Therefore, on 29 July 2020 the Company Management Board adopted a dividend policy that assumes the submission to the General Meeting of a proposal to pay out dividends, together with a Management Board recommendation, subject to the general rules below.

With regard to profit generated for the financial year 2020 and subsequent financial years, the Management Board plans to recommend paying out dividends at a level of 10% to 20% of net profit.

When definitively determining the value of dividends that will be recommended to the General Meeting, the Management Board will take into account in particular the prospects of the Group, future expected profits, the Group’s financial position and development plans, as well as the applicable legal regulations.

The Management Board does not guarantee or ensure in any way the amount of the profit achieved by the Company or parts thereof that may be allocated to paying out dividends. The decision to pay out dividends and the amount of the paid out dividends depend each time on the shareholders’ decision taken as part of an ordinary General Meeting, where the shareholders are not bound in any way by the Management Board’s recommendation.
The dividend policy is subject to periodic review by the Company Management Board.

All Company shares have equal rights to dividends (as well as advances against dividends) and entitle the holders to a share in the Company’s profits as at the day they are acquired, on condition that the General Meeting adopts a resolution on distribution of profits (or, respectively, in the case of an advance against dividends, resolutions of the Management Board and the Supervisory Board) and establishes the day of pay out of the dividends as a date falling after the date of acquisition of the shares.

History of pay outs of dividends by the Company

Financial year for which dividends were paid out

Company net profit available for distribution Dividends paid out (PLN) Dividends per share (PLN) Date of General Meeting Dividend day Day of pay out of dividends
2021 41.751.983,35 8.086.561,02 0,27 6/28/2022 7/8/2022 8/3/2022
2020 29.095.746,74 5.616.877,28 0,19 6/22/2021 6/30/2021 7/8/2021
2019 2.235.443,13(1) 9/23/2020
2018 14.688.200,09(2) 5.000.000,00 454,55 6/28/2019 6/28/2019 8/9/2019
2017 15.035.779,30(2) 6/19/2018
2016 4.561.970,61(2) 6/22/2017
2015 2.820.131,77(2) 6/15/2016

(1) Company’s net profit disclosed in the separate financial statements of the Company prepared in accordance with the International Financial Reporting Standards.

(2) Company’s net profit disclosed in the separate financial statements of the Company prepared in accordance with the accounting rules set out in the Accounting Act, as well as in regulations issued on the basis of that Act (i.e. the Polish Accounting Standards).

PCF Group S.A. was established as a result of the transformation of a limited liability company under the business name PCF Group spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw into the joint stock company PCF Group Spółka Akcyjna with its registered office in Warsaw. PCF Group S.A. was entered into the register of entrepreneurs of the National Court Register on 6 November 2019.

Calendar

Events

21.04.2022
Stand-alone annual report for 2021
Consolidated annual report for 2021

30.05.2022
Consolidated quarterly report for the first quarter of 2022

29.09.2022
Consolidated report for the first half of 2022

28.11.2022
Consolidated quarterly report for the third quarter of 2022

Closed periods

Pursuant to Art. 19 sec. 11 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC “(…) a person discharging managerial responsibilities within an issuer shall not conduct any transactions on its own account or for the account of a third party, directly or indirectly, relating to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked to them during a closed period of 30 calendar days before the announcement of an interim financial report or a year-end report which the issuer is obliged to make public (…)”.

Pursuant to the quoted provision, persons discharging managerial responsibilities at PCF Group S.A. are bound in 2022 by the following closed periods in relation to the announcement of the Company’s interim reports:

  • 21 March 2022 inclusively – 21 April 2022 inclusively – closed period related to the publication of the separate and consolidated annual report for the year 2021
  • 27 April 2022 inclusively – 30 May 2022 inclusively – closed period related to the publication of the consolidated quarterly report for the first quarter of 2022
  • 27 August 2022 inclusively – 29 September 2022 inclusively – closed period related to the publication of the consolidated half-year report for the first half-year of 2022
  • 29 October 2022 inclusively – 28 November 2022 inclusively – closed period related to the publication of the consolidated quarterly report for the third quarter of 2022

Reports

Current

01.10.2022

Current report No. 22/2022
Executing the Understanding of Termination of Development and Publishing Agreement with Take-Two Interactive Software, Inc.

Attachment to Current report No. 12/2022
Notice of AGM to be held on 28 June 2022

Attachment to Current report No. 12/2022
Draft AGM resolutions

Attachment to Current report No. 12/2022
Supervisory Board Rules

Attachment to Current report No. 12/2022
Power of attorney for AGM

Attachment to Current report No. 12/2022
Proxy voting form

31.05.2022

Current report No. 10/2022
Resignations of Supervisory Board members and Management Board President as of Annual General Meeting for 2021 and appointments for new term

12.05.2022

Current report No. 9/2022
Change of the publication date of quarterly report

13.04.2022

Current report No. 7/2022
List of shareholders at the EGM 13 April 2022

Current report No. 6/2022
Resolutions adopted by the EGM 13 April 2022

Attachment to Current report No. 5/2022
Draft EGM resolutions 13 April 2022

Attachment to Current report No. 5/2022
Power of attorney for EGM

Attachment to Current report No. 5/2022
Proxy voting form

08.03.2022

Current report No. 4/2022_Revision
Change in the composition of the Supervisory Board of PCF Group S.A. – revision of the current report No. 4/2022

03.03.2022

Current report No. 3/2022
Resignation of A. Ferenc from the Supervisory Board

20.01.2022

Current report No. 2/2022
Schedule of periodical reports disclosure

03.01.2022

Current report No. 1/2022
Information on managers’ transactions

21.10.2021

Current report No. 45/2021
Information on managers’ transactions

18.10.2021

Current report No. 44/2021
Information on managers’ transactions

27.09.2021

Current report No. 43/2021
Update of PCF Group S.A. strategy

30.08.2021

Current report No. 42/2021
Information on managers’ transactions

Current report No. 41/2021
Information on managers’ transactions – amendment

18.08.2021

Current report No. 39/2021
Information on managers’ transactions

Attachment to Current report No. 39/2021
Notification of transaction

Attachment to Current report No. 34/2021
Notification on the change of share in the share capital and in the total number of votes in PCF Group S.A.

Attachment to Current report No. 33/2021
Notification on the change of share in the share capital and in the total number of votes in PCF Group S.A.

22.06.2021

Current report No. 31/2021
Rectification of Current report No. 29/2021

Attachment to Current report No. 25/2021
Notice of AGM

Attachment to Current report No. 25/2021
Draft AGM resolutions

24.05.2021

Current report No. 23/2021
List of shareholders holding at least 5% of the total number of votes at the Extraordinary Shareholders’ Meeting of PCF Group S.A. held on 24 May 2021

Attachment to Current report No. 22/2021

17.05.2021

Current report No. 21/2021
Resolutions of the Supervisory Board regarding matters introduced to the agenda of the Extraordinary Shareholders’ Meeting convened on 24 May 2021

Attachment to Current report No. 21/2021

04.05.2021

Current report No. 20/2021
Conclusion of subscriptions for series B shares and sale of part of series A shares by public offering – supplement to the Current report No 6/2020

Attachment to Current report No. 19/2021
Notification under Article 69 and Article 69b in conjunction with Article 87 Section 1 item 5) of the Act on Public Offering

Current report No. 17/2021
Rectification of current report No. 15/2021

Attachment to Current report No. 16/2021
Notice of Extraordinary General Meeting

Current report No. 15/2021
Execution of an investment agreement

Current report No. 11/2021
Disclosure of delayed inside information concerning the conclusion by PCF Group S.A. of a transaction terms worksheet to take over the development team of Phosphor Games, LLC

01.02.2021

Current report No. 7/2021
Determination of the last day of listing of the rights to series B shares and introduction of series B shares to trading on the regulated

Attachment to Current report No. 5/2021
Notification on the change of share in the share capital and in the total number of votes in PCF Group S.A.

Attachment to Current report No. 4/2021
Notification on the change of share in the share capital and in the total number of votes in PCF Group S.A.

14.01.2021

Current report No. 2/2021
Indication of the Supervisory Board members appointed pursuant to the exercise of the personal right of shareholders constituting the Group of the Eligible Shareholders

06.01.2021

Current report No. 1/2021
Postponement of the “Outriders” release

Current report No. 1/2020
Granting access to the ESPI system

EBI

13.04.2022

Raport EBI nr 1/2022
Informacja na temat stosowania Dobrych Praktyk 2021

30.07.2021

Raport EBI nr 1/2021
Informacja na temat stosowania Dobrych Praktyk 2021

Periodic

Q2 2022

Half-year financial report 2022

Half-year Director’s report on the operations 2022

Report on Review of the Condensed Half-year Financial Statements 2022

Q1 2022

Interim consolidated financial statements Q1 2022

Financial results presentation Q1 2022

2021

Letter to Shareholders

Full-year separate financial statements_2021

Full-year consolidated financial statements_2021

Director’s report on the operations_2021

Independent Auditor's Report on Annual Financial Statements_2021

Statement of the Management Board_2021

Statement of the Management Board of the parent_2021

Assessment of the full-year financial statements_2021

Statement of the Supervisory Board on the operation of the Audit Committee

Q3 2021

Interim consolidated financial statements Q3 2021

Financial results presentation Q3 2021

Q2 2021

Half-year financial report_2021

Half-year Director’s report on the operations_2021

Report on Review of the Condensed Half-year Financial Statements_2021

Q1 2021

Interim consolidated financial statements Q1 2021

Financial results presentation Q1 2021

2020

Letter to Shareholders

Full-year financial statement_2020

Full-year consolidated financial statements_2020

Director’s report on the operations_2020

Independent Auditor’s Report on Annual Financial Statements_2020

Independent Auditor’s Report on Annual Consolidated Financial Statements_2020

Statement of the Management Board_2020

Statement of the Management Board of the parent_2020

Assessment of the full-year financial statements_2020

General meeting

Annual General Meeting, June 28, 2021.

Notice of Annual General Meeting

Draft AGM resolutions

Supervisory Board report on assesment of 2021 financial results

Report of Supervisory Baord and Audit Committee on their activities in 2021

Report on remuneration of Management and Supervisory Board Members in 2021

Supervisory Board Rules

Resumes of candidates to Supervisory Board

Supervisory Board resolutions on matters placed on AGM agenda

Management Board proposal on allocation of profit for 2021

Power of attorney for AGM

Proxy voting form

Resolutions adopted by the Annual Shareholders’ Meeting of PCF Group S.A. held on 28 June 2022

Extraordinary General Meeting, April 13, 2022.

Notice of Extraordinary General Meeting

Draft Resolutions for the Extraordinary General Meeting

Supervisory Board resolutions on matters placed on the EGM agenda

Power of attorney for EGM

Proxy voting form

Resolutions adopted by the Annual General Meeting dated April 13th, 2022

Annual General Meeting, June 22, 2021.

Notice of Annual General Meeting

Draft AGM resolutions

Report of the Supervisory Board on the assessment of financial statements

Report of the Supervisory Board and Audit Committee on their activities

Report on remunerations in 2019 and 2020

Supervisory Board resolutions_AGM

Management Board proposal on distribution of profit 2020

Power of attorney to participate at the AGM

Resolutions adopted by the Annual General Meeting dated June 22nd, 2021

Extraordinary General Meeting, May 24, 2021.

Notice of Extraordinary General Meeting

Draft Resolutions for the Extraordinary General Meeting

Opinion of the Management Board substantiating the exclusion of preemptive rights of all shareholders with respect to Series D shares

Opinion of the Management Board setting out the reasons for authorizing the Management Board to exclude preemptive rights of the Company’s current shareholders within limits of the authorized capital

Power of attorney to participate at the GSM

Resolutions of the Supervisory Board on the items of the EGM agenda

Corporate governance

Corporate documents

Best practices

Representation regarding the diversity policy

The Company has not yet developed a formal diversity policy. The Company employs persons with adequate qualifications and professional expertise, with no regard to age or gender. In selecting candidates for the supervisory and managing bodies the competent authorities are driven by the best interests of the Company and its shareholders and take into account the qualification, skills and expertise of the candidates. Due to the specificities of the Company’s business activity, its size and the need to attract employees equipped with specialized knowledge, the decisive criteria for the Company in selecting the employees are solely the qualifications and professional expertise, disregarding any non-substantive attributes, such as age or gender. The members of the Company’s authorities and its officers are selected in such way as will ensure that they have adequate educational background, qualifications and expertise in order to let the Company benefit from these strengths in all areas of the Company’s activities. At the same time, due to the Company’s dynamic growth, the Company believes that imposing a formalized diversity policy might adversely affect the Company’s ability to solicit the persons who have the skills and abilities required by Company at the particular moment of its development.

Representations regarding the compliance with corporate governance rules

Disclosure regarding compliance with Best Practices for GPW Listed Companies 2021

Corporate governance statement for the financial year ended 31 December 2021

Corporate governance statement for the financial year ended 31 December 2020

Disclosure regarding compliance with the recommendations and rules set out in the Best Practice for GPW Listed Companies 2016

Scheme of acts and responsibilities

Related party transactions

No relevant disclosures concerning related party transactions

Contact

Magdalena Kupiec
+48 533 214 986
ir@peoplecanfly.com

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