Report

Current Report No. 18/2025: Notification of Transactions

1 pages127 words

Summary

The report announces that the Management Board of 11 bit studios S.A. has received a notification under Article 19.1 of the Market Abuse Regulation (MAR). The notification was submitted by Fundacja Rodzinna Miechowskich, an entity linked to Grzegorz Miechowski, who serves on the Company’s Management Board and is also President of the Miechowski Family Foundation. The content of the notification concerns a sale of shares in 11 bit studios S.A., and the full details are provided as an appendix to the report. The purpose of the disclosure is to inform shareholders and market participants of a transaction involving a board member’s related entity, thereby ensuring compliance with MAR’s transparency requirements. The report is dated 13 October 2025 and originates from Warsaw, Poland, indicating that the regulatory context is European Union market abuse legislation. No additional data points or statistical analysis are included; the document’s scope is limited to a single transaction notification. The methodology involves standard MAR reporting procedures, with the Management Board formally acknowledging receipt of the notification and attaching it for public record. The report concludes with signatures from Przemysław Marszał, President of the Management Board, and Marek Ziemak, Member of the Management Board.

Pages

Citation

Generating citation...

Similar Documents

Legal

Formularz Pozwalający na Wykonanie Prawa Głosu Przez Pełnomocnika: Nadzwyczajne Walne Zgromadzenie

This administrative instrument facilitates the exercise of voting rights by proxy during the Extraordinary General Meeting of PCF Group S.A., a prominent Polish video game developer and publisher. Scheduled for April 13, 2022, in Warsaw, the meeting serves as a critical governance event for the company. The framework is established in accordance with Article 402 of the Polish Commercial Companies Code, providing a standardized method for shareholders to convey specific voting instructions to their designated representatives. The scope of the document is limited to the corporate governance of PCF Group S.A. within the Polish legal jurisdiction. It functions as a technical guide rather than a legal power of attorney, requiring shareholders to provide identifying information for both themselves and their proxies. The methodology for casting votes involves a structured grid where shareholders can mark their preferences—for, against, or abstain—for each resolution on the agenda. It also allows for split voting, where a shareholder can allocate different numbers of shares to different voting outcomes, a common necessity for institutional investors managing multiple portfolios. A significant provision within the instructions addresses the potential for discrepancies between draft resolutions and the final versions presented during the meeting. Shareholders are encouraged to utilize a remarks section to provide contingency instructions, ensuring their intent is preserved even if the wording of a resolution is amended on the floor. This mechanism highlights the procedural rigor required in the management of a publicly traded entity in the gaming industry, ensuring transparency and legal compliance in shareholder communications and decision-making processes.

investment funding europe

PCF GroupFeb 2026

Legal

Current Report No. 22/2023: Development and Publishing Agreement with Microsoft Corporation

PCF Group S.A., operating under the People Can Fly brand, has entered into a significant development and publishing agreement with Microsoft Corporation to produce a new AAA video game currently titled Project Maverick. This partnership, formalized on June 13, 2023, establishes a work-for-hire framework where the studio develops the title using intellectual property owned by Microsoft. The agreement aligns with the studio’s updated corporate strategy to pursue high-value collaborative opportunities with major industry publishers alongside its own internal projects. The financial scope of the project is substantial, with Microsoft providing a total production budget ranging between $30 million and $50 million. Funding is structured around a milestone-based payment system, where the publisher provides capital as the studio completes specific stages of development outlined in a detailed product appendix. This arrangement ensures that the entirety of the production costs is covered by the publisher, mitigating financial risk for the developer while securing a high-budget project for its production pipeline. The scope of this agreement covers the full development cycle of the game, though specific release windows or geographic target markets are not disclosed. The terms of the contract are described as standard for the industry, containing no unusual conditions or deviations from typical AAA publishing agreements. By securing this contract, People Can Fly reinforces its position as a leading global developer capable of handling large-scale, high-budget productions for major platform holders, leveraging its technical expertise within a secure financial framework provided by one of the industry's largest entities.

game-publishing game-development investment+2

PCF GroupFeb 2026

Legal

Current Report No. 14/2024: Resignation of a Member of the Supervisory Board

The filing serves to formally announce the resignation of Ms. Dagmara Zawadzka from her roles as a member of the Audit Committee and the Supervisory Board of PCF Group S.A., a publicly listed company headquartered in Warsaw. The resignation was submitted on 24 July 2024 and will become effective on 31 August 2024, in accordance with the provisions of § 5 point 4 and § 9 of the Minister of Finance’s Regulation dated 29 March 2018 governing continuous and periodic disclosures by securities issuers. The announcement underscores the company’s compliance with Polish regulatory requirements for timely communication of material governance changes to shareholders and market participants. It also conveys the Board’s appreciation for Ms. Zawadzka’s contributions to the firm’s development and market positioning during her tenure. No further details regarding the reasons for her departure, the composition of the remaining supervisory body, or succession plans are provided. The scope of the disclosure is limited to the corporate governance structure of PCF Group S.A. within the Polish jurisdiction, covering a specific personnel change effective in the latter half of 2024. No statistical data, survey methodology, or broader industry analysis is presented, reflecting the narrow, procedural nature of the communication.

employment investment europe

PCF GroupFeb 2026

Financial

Q4 2025 Financial Report: Modern Times Group

Modern Times Group delivered a record‑setting performance for the fourth quarter of 2025, underscoring the company’s momentum in the digital entertainment sector. Organic revenue expanded by 8 percent, which translates to a 108 percent increase when measured in constant‑currency terms, and net sales reached SEK 3.1 billion. These figures reflect the strength of the group’s core portfolio and its ability to generate growth despite a volatile macro‑economic environment. A pivotal element of the results was the integration of Plarium, which was completed on 12 February 2025 and consolidated from 31 January. The acquisition contributed SEK 5,384 million in sales for the quarter and produced SEK 495 million of income before tax, after accounting for SEK 786 million of purchase‑price amortisation. When the acquisition is modelled as if it had been in place from the start of the year, total sales for 2025 would have risen to SEK 12,137 million, with pre‑tax income of SEK 398 million, albeit offset by SEK 1,269 million of amortisation. The combined impact of robust organic growth and the strategic addition of Plarium positions Modern Times Group as a leading player in the global gaming market. The financial outcomes demonstrate that the company’s acquisition strategy is delivering immediate scale and profitability, while its underlying business continues to expand at a pace that exceeds prior expectations. This performance suggests a durable growth trajectory for the remainder of the fiscal year and beyond.

investment market-analysis user-acquisition+3

Modern Times GroupFeb 2026

Legal

Current Report ESPI No. 2/2026: Registration of Share Capital Increase and Statute Amendments

PlayWay S.A., a prominent Polish game developer and publisher, officially registered an increase in its share capital on February 17, 2026. This corporate action, finalized by the District Court for the Capital City of Warsaw, involved raising the share capital from 660,000.00 PLN to 666,600.00 PLN. The increase was achieved through the issuance of 66,000 Series J ordinary bearer shares, each carrying a nominal value of 0.10 PLN. This issuance effectively exhausts the company's remaining authorized capital, leaving the balance of target capital at zero. The capital expansion was executed under the framework of authorized capital previously established by the Management Board in August 2025. A critical component of this issuance was the total exclusion of pre-emptive rights for existing shareholders, a move intended to facilitate the dematerialization of the new shares and streamline the capital raising process. Following this registration, the total number of shares across all series—ranging from Series A through Series J—amounts to 6,666,000, with each share corresponding to one vote at the General Meeting. Beyond the financial adjustments, the registration necessitated formal amendments to the company’s Articles of Association, specifically regarding the wording of Paragraph 6 to reflect the new capital structure. This regulatory filing serves as a formal notification to the market and relevant financial authorities, ensuring transparency regarding the company’s equity structure and voting rights. The action concludes a process initiated in late 2025 and solidifies the company's current financial standing within the Polish capital market.

europe game-publishing investment+2

PlayWayFeb 2026

Financial

Press Release: Nacon Acknowledges Bigben Interactive Financial Situation

Nacon has issued a formal response to the financial instability of its majority shareholder, Bigben Interactive, following a critical liquidity failure. Bigben Interactive, which controls 56.72% of Nacon’s share capital and 65.79% of its voting rights, was unable to meet a scheduled €43 million partial bond repayment due on February 19, 2026. This default was triggered by an unexpected refusal from Bigben Interactive’s banking pool to honor a drawdown notice intended to fund the debt obligation. Consequently, the parent company is now exploring court-supervised debt restructuring procedures to address its insolvency. The scope of this announcement focuses on the immediate financial risks facing Nacon as a subsidiary within the broader European gaming market. While Nacon reported an IFRS revenue of €167.9 million and an operating profit of €1.1 million for the 2024/2025 fiscal year, the parent company’s inability to secure financing creates significant uncertainty regarding Nacon’s own operational funding and strategic stability. The company currently manages 16 development studios and a workforce of over 1,000 employees, maintaining a distribution network that spans 100 countries. Management is currently conducting a comprehensive assessment of how this shareholder-level debt crisis will impact Nacon’s internal activities and existing financing arrangements. As a publicly traded entity on the Euronext Paris, Nacon has committed to providing further market updates as the situation evolves. The primary objective of this communication is to maintain transparency with investors and stakeholders while the company evaluates the potential contagion effects of Bigben Interactive’s restructuring efforts on its publishing and peripheral manufacturing divisions.

investment mergers-acquisitions market-analysis+1

NaconFeb 2026

Current Report No. 18/2025: Notification of Transactions

Summary

Tags

Pages

Citation

Citation

Similar Documents

Formularz Pozwalający na Wykonanie Prawa Głosu Przez Pełnomocnika: Nadzwyczajne Walne Zgromadzenie

Current Report No. 22/2023: Development and Publishing Agreement with Microsoft Corporation

Current Report No. 14/2024: Resignation of a Member of the Supervisory Board

Q4 2025 Financial Report: Modern Times Group

Current Report ESPI No. 2/2026: Registration of Share Capital Increase and Statute Amendments

Press Release: Nacon Acknowledges Bigben Interactive Financial Situation