Legal

Raport Bieżący Nr 13/2024

19 June 20241 pages340 words

Summary

The purpose of the current report is to confirm the finalized plan for Project Gemini and to document the execution of a new content‑rider agreement that amends the existing production‑publishing contract between PCF Group S.A. and Square Enix Limited. The agreement, signed on 19 June 2024, establishes a work‑for‑hire development model for the European team of PCF Group and revises the commercial terms that previously governed the project. Key findings indicate that the revised contract eliminates the prior commercial conditions, resulting in future revenues from Project Gemini covering only the direct costs incurred by PCF Group. Consequently, the updated valuation under International Financial Reporting Standard 15 will lower both the unit and consolidated sales revenue as well as the net profit attributable to the contract. The board estimates a reduction in the margin earned on the entire production‑publishing agreement, reflecting the new cost‑recovery pricing structure. The scope of the update is limited to the European development segment of Project Gemini, with the legal basis anchored in Article 17(1) of the MAR Regulation. The report references earlier updates issued on 24 November 2023 (Report 58/2023) and 30 January 2024 (Report 2/2024), and clarifies that further content‑rider disclosures will be made only when legally required. No additional methodological details are required, as the information derives from internal contractual negotiations and financial reporting standards.

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Raport Bieżący Nr 13/2024

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