Current Report No. 3/2025

The report serves to disclose a delayed insider announcement concerning PCF Group S.A.’s initiation of negotiations with Sony Interactive Entertainment LLC for a Prototype Development Agreement aimed at creating a new video‑game prototype, internally coded “Project Delta.” The disclosure, required under Article 17 of the EU Market Abuse Regulation (MAR), was postponed on 6 February 2025 and made public on 13 March 2025, reflecting the company’s assessment that immediate release could jeopardise the negotiation process and the legitimate interests of the group.

Negotiations were triggered by a proposal received from Sony on 3 February 2025, outlining a work‑for‑hire model in which PCF Group would develop the prototype in exchange for agreed remuneration, with the project divided into milestone‑based phases. The terms under discussion are described as consistent with standard production contracts for similar projects, and the company emphasizes that the commencement of talks does not guarantee a final agreement.

The board justified the delay by citing MAR provisions and guidance from the European Securities and Markets Authority, arguing that premature disclosure could expose the negotiations to competitive interference and lead to misinterpretation by the market, potentially affecting the company’s share value. Confidentiality was maintained through a controlled list of recipients in line with Article 18 MAR, and the regulator will be notified of the delayed disclosure in accordance with the regulation.

Overall, the filing confirms PCF Group’s strategic intent, expressed in its 2023 strategy update, to pursue attractive work‑for‑hire collaborations with reputable partners, while adhering to EU market‑transparency rules throughout the negotiation period.