Related Documents
Legal
Completion of Public Offering of Series B, H and I Shares (2016)
PlayWay S.A. successfully concluded its public offering of Series B, H, and I shares in October 2016, marking a significant milestone in the company’s capital market activities. The offering involved a total of 1,200,000 shares, split equally between the sale of existing Series B and H shares and the subscription of new Series I shares. All shares were priced at 52.00 PLN each, resulting in a total offering value of 62,400,000 PLN. The offering attracted substantial interest, particularly from individual investors. While 1,869 investors participated in total, the individual investor tranche saw significant oversubscription, resulting in a reduction rate of 77.23%. In total, investors submitted orders for 1,810,606 shares, far exceeding the 1,200,000 shares available. Institutional investors were allocated the majority of the offering, receiving 1,020,000 shares, while individual investors were allocated 180,000 shares. The subscription and sale periods took place between late September and mid-October 2016, with the final allotment of shares occurring on October 12, 2016. The offering was conducted without underwriting agreements. At the time of the announcement, final issuance costs had not yet been settled, with the company committing to disclose these figures in a subsequent report once all expenses from engaged entities were finalized and accepted. This public offering was conducted under the regulatory framework of the Polish Act on Public Offerings and the Ministry of Finance's reporting requirements for issuers.
PlayWayOct 2016
Legal
Raport Bieżący Nr 27/2021
PCF Group S.A., a Warsaw-based game development studio, successfully concluded a private subscription of Series D ordinary bearer shares on May 31, 2021. The primary purpose of this issuance was to increase the company's share capital through a targeted private placement. The offering was directed exclusively to a single investor, Fiducie Familiale Samuel Girardin 2020, a trust established for Samuel Girardin and related parties based in Montreal, Canada. The subscription involved 387,714 Series D shares with a nominal value of 0.02 PLN each. These shares were issued at an individual price of 75.75 PLN, resulting in a total offering value of 29,369,335.50 PLN. The transaction was executed via a direct subscription agreement rather than a traditional book-building process, meaning there was no reduction rate or division into tranches. All shares were acquired in exchange for cash contributions. The issuance followed a resolution passed during the Extraordinary General Meeting on May 24, 2021, which also authorized the exclusion of pre-emptive rights for existing shareholders. Furthermore, the company initiated the process to dematerialize these shares and seek their admission to trading on the regulated market of the Warsaw Stock Exchange. While the subscription is complete, the final accounting of issuance costs—including advisory, preparation, and promotion fees—remains pending. PCF Group S.A. intends to disclose these specific financial details and the average cost per share in a subsequent regulatory filing once all invoices from involved entities are finalized.
PCF GroupJun 2021
Legal
Raport Bieżący Nr 32/2025
The report announces the successful completion of the private subscription for a new issue of series H common bearer shares of PCF Group S.A., confirming that all 6 670 000 shares with a nominal value of 0,02 zł each were fully subscribed and paid for. The subscription was conducted between 6 and 11 August 2025, with the subscription agreements finalized on 14 August 2025, and the total consideration amounted to 20 010 000 zł, based on an issue price of 3,00 zł per share. Sixteen qualified investors participated in the offering, each entering into a subscription contract for the full allotment of shares. The process was executed as a private subscription under Article 56 of the Polish Public Offering Act and the Commercial Companies Code, and therefore did not require a prospectus. No allocation reductions were applied, and the shares were issued against cash contributions only; no non‑cash consideration, set‑off of receivables, or sub‑issuance arrangements were involved. The scope of the offering is limited to investors residing in the European Economic Area, the United Kingdom, and qualified institutional buyers under U.S. Rule 144A, explicitly excluding distribution in the United States, Canada, Australia, Japan, South Africa and other jurisdictions where the securities would be unlawful without registration. The report complies with EU Regulation 596/2014 on market abuse and the EU Prospectus Regulation, and it emphasizes that the information is for informational purposes only and does not constitute a solicitation or promotional material. Cost details for the issuance have not yet been finalized; the company will disclose the total and per‑share expenses in a subsequent report after receiving and approving the relevant invoices. The overall conclusion is that the subscription was fully executed on schedule, with the capital raised now available for the company’s use, while all regulatory and disclosure obligations have been satisfied.
PCF GroupAug 2025
Legal
Raport Bieżący Nr 12 /2023
This regulatory announcement, issued on March 28, 2023, details a significant investment agreement between the Polish game developer PCF Group S.A. (People Can Fly) and the South Korean publisher Krafton, Inc. The primary purpose of the agreement is the acquisition of a 10% equity stake in PCF Group by Krafton through a new issuance of Series F shares. Under the terms of the investment, Krafton committed to purchasing a specific number of shares to reach a 10% threshold of the company’s share capital and total voting rights. The agreed-upon issue price is set at 40.20 PLN per share, regardless of the final pricing or participation levels of other investors in the broader offering. The agreement also establishes strategic cooperation rights; specifically, if PCF Group decides to release its upcoming projects, "Project Victoria" or "Project Bifrost," through a model other than self-publishing, Krafton is granted the right of first negotiation and the right of first refusal for these titles. The scope of the agreement includes standard protective provisions for the investor, such as anti-dilution rights, pre-emptive rights, and tag-along rights granted by the company’s CEO and majority shareholder, Sebastian Wojciechowski. Both parties have agreed to a lock-up period on their respective shareholdings lasting until March 28, 2024. The investment agreement is set for a fixed term of 10 years and is governed by Polish law. This transaction represents a major capital injection and strategic alignment within the global gaming industry, specifically targeting the development and distribution of PCF Group’s future intellectual properties. The document emphasizes that the share issuance is conducted under exemptions from prospectus requirements and is not an offer to the general public in jurisdictions such as the United States, Japan, or Canada.
PCF GroupMar 2023