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Raport Bieżący Nr 38/2025
The filing announces the admission and commencement of trading of PCF Group S.A.’s ordinary bearer shares of series H on the main market of the Warsaw Stock Exchange.
- PCF Group S.A. has listed 6,670,000 new series H ordinary bearer shares on the main market of the Warsaw Stock Exchange.
- The official commencement of trading for these shares, which have a nominal value of 0.02 zł each, is effective as of 25 September 2025.
- The shares have been assigned ISIN PLPCFGR00010 and are registered with the Central Securities Depository as of 25 September 2025.
HRH Crown Prince MBS Named Board of Trustees Chair for Esports World Cup Foundation
The Saudi Arabian cabinet has appointed Crown Prince Mohammed bin Salman (MBS) as the Chair of the newly established Board of Trustees for the Esports World Cup Foundation (EWCF).
- Saudi Arabian Crown Prince Mohammed bin Salman (MBS) has been appointed Chair of the newly established Board of Trustees for the Esports World Cup Foundation (EWCF).
- The Board of Trustees for the EWCF is set to serve a three-year term, marking a significant increase in direct government oversight of the organization.
- While the EWCF has historically claimed to be a non-profit independent of the Saudi government, this appointment further links the foundation to state leadership and the Public Investment Fund (PIF).
PlayWay S.A. Articles of Association Amendment (August 2025)
The corporate governance structure of PlayWay S.A. underwent a formal adjustment following a resolution passed by the Management Board on August 29, 2025.
- PlayWay S.A. increased its share capital to 666,600.00 PLN following a Management Board resolution on August 29, 2025.
- The company issued 66,000 new shares under Series J, bringing the total number of ordinary bearer shares to 6,666,000.
- Existing shareholders were completely excluded from preemptive rights for this issuance, facilitating direct allocation to targeted investors.
Uchwała Zarządu PlayWay: Protokół Zwyczajnego Walnego Zgromadzenia
This resolution from the Management Board of PlayWay S.A., dated August 29, 2025, formalizes a capital increase within the framework of authorized capital.
- PlayWay S.A. is increasing its share capital from 660,000.00 PLN to 666,600.00 PLN through the issuance of 66,000 new Series J ordinary bearer shares.
- The issuance is exclusively directed to President Krzysztof Kostowski as part of an incentive program, following the fulfillment of 2024 financial performance criteria.
- Each Series J share is issued at a nominal value of 0.10 PLN, to be fully covered by cash contributions.
Raport Bieżący ESPI Nr 12/2025
PlayWay S.A. has initiated a formal increase in share capital through the issuance of Series J ordinary bearer shares, a move executed by the Management Board under the authority of the company’s authorized capital provisions.
- PlayWay S.A. issued 66,000 new Series J ordinary bearer shares on August 29, 2025, to fulfill the 2024 fiscal year requirements of its management incentive program.
- The issuance increases the company's share capital by a total of 6,600 PLN, with each share carrying a nominal value of 0.10 PLN.
- The entire issuance was directed exclusively to Krzysztof Kostowski, the President of the Management Board, via a private subscription.
Management Board Report on the Activities of the CD PROJEKT Group: H1 2025
The CD PROJEKT Group maintained a robust financial and operational position during the first half of 2025, characterized by a strategic focus on its core intellectual properties, The Witcher and Cyberpunk.
- CD PROJEKT generated 443 million PLN in consolidated sales revenue and 155 million PLN in net profit during H1 2025, maintaining a debt-free balance sheet with 90.1% equity.
- Net profit declined 7.7% year-over-year, primarily driven by tax adjustments and increased promotional spending for the Nintendo Switch 2 release of Cyberpunk 2077.
- Development expenditures rose by 29.1% as the company prioritized the pre-production of Cyberpunk 2 and the ongoing development of The Witcher 4.
Ohad Finkelstein and Jonathan Epstein Join WaveClear Board of Directors
WaveClear Ltd., an Israel-based developer, has expanded its leadership team by appointing Ohad Finkelstein and Jonathan Epstein to its board of directors.
- WaveClear Ltd. has appointed Ohad Finkelstein as board chairman and Jonathan Epstein as a member of the board of directors.
- Bruce Hack, founder and CEO of BLH Venture, has joined the company as a board observer.
- The new board appointments are intended to support WaveClear's strategic expansion from its current focus on gaming into other high-impact verticals.
Sustainability at Embracer Group: ESG Fact Sheet
The Embracer Group’s sustainability framework centers on integrating environmental, social, and governance (ESG) principles into its global operations to drive long-term value for stakeholders.
- Embracer Group operates a global network of 70 internal game development studios with over 7,000 employees across nearly 30 countries.
- The company reported net sales of SEK 22,370 million for the 2024/25 fiscal year.
- The workforce is geographically concentrated with 64% based in Europe and 31% in North America.
Current Report No. 26/2025: Information on Transactions on PCF Group S.A. Shares
The disclosure details a significant equity transaction involving PCF Group S.A., a major Polish video game developer known for the People Can Fly studio.
- Sebastian Wojciechowski, President of the Management Board of PCF Group S.A., subscribed to newly issued company shares on August 14, 2025.
- The transaction represents a formal increase in the executive's vested interest and capital commitment to the Warsaw-based video game developer.
- The share subscription was disclosed in compliance with Article 19 of the European Union’s Market Abuse Regulation regarding transactions by persons discharging managerial responsibilities.
Current Report No. 25/2025
Current Report No. 25/2025, issued by PCF Group S.A. on August 12, 2025, announces a formal resolution by the Management Board to increase the company’s share capital through the issuance of new equity.
- PCF Group S.A. is increasing its share capital through the issuance of 6,670,000 new Series H ordinary bearer shares.
- The issuance is structured as a private placement targeting institutional and high-net-worth investors rather than the general public.
- The offering is restricted to qualified investors in the European Economic Area and the United Kingdom to qualify for a prospectus exemption under the EU Prospectus Regulation.
Board Resolution No. 19/2025
Board Resolution No. 19/2025, adopted by the Management Board of PCF Group S.A. on August 12, 2025, formalizes a capital increase for the company.
- PCF Group S.A. is increasing its share capital by PLN 133,400.00 through the issuance of 6,670,000 new Series H ordinary bearer shares.
- The issue price for the Series H shares is set at PLN 3.00 per share, following a book-building process conducted between 6 and 11 August 2025.
- Existing shareholders have been fully stripped of their pre-emptive rights to these new shares, as approved by the Supervisory Board.
Board Games are in Trouble, and it's NOT Why You Think | Extra Credits
The board game and tabletop RPG industry is currently facing a systemic crisis driven by corporate consolidation, fragile global supply chains, and volatile trade policies.
- The board game industry is facing a systemic crisis driven by supply chain fragility, corporate consolidation, and volatile tariff policies that threaten the viability of publishers.
- The bankruptcy of Diamond Comic Distributors and the subsequent collapse of its subsidiary, Alliance Game Distributors, has created massive instability in the U.S. tabletop game distribution network.
- Modern board game production relies on 'just-in-time' supply chains that distribute manufacturing across multiple countries, making the process highly susceptible to border-crossing costs and tariff fluctuations.