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The report discloses transactions executed by a managerial officer of PCF Group S.A. on behalf of the company, in compliance with Article 19(3) of the MAR regulation. It was prepared on 30 August 2021 and covers disclosures received on that same day concerning acquisitions of the company’s shares made by the Managing Director. Three separate notifications are referenced, relating to purchases on 26 August 2021, 27 August 2021, and 30 August 2021. Each notification is attached as an annex to the current report, providing detailed information on the quantity of shares acquired, transaction dates, and purchase prices. The scope is limited to a single corporate entity within the Polish market and pertains exclusively to managerial‑level transactions over a three‑day period in August 2021. No additional data sources or survey methodology are mentioned, as the report relies solely on regulatory filings submitted by the company’s board. The primary conclusion is that the Managing Director engaged in multiple share purchases during the specified dates, and these transactions have been duly reported to meet transparency obligations under MAR.
The report discloses a transaction involving a senior executive of PCF Group S.A. On 13 October 2021, the company’s President of Management acquired shares in PCF Group S.A., a transaction reported to regulatory authorities on 18 October 2021. The disclosure is made pursuant to Article 19(3) of the MAR regulation, which requires public companies to provide timely information on transactions by persons exercising managerial responsibilities. The report is dated 18 October 2021 and serves to inform shareholders and the market of the share purchase by a key executive. No additional details such as the number of shares, transaction value, or price are provided within this brief notice; the full notification is attached as an annex. The scope of the disclosure is limited to a single transaction by one executive within PCF Group S.A., covering the Polish market and the period up to 18 October 2021. The methodology follows regulatory reporting requirements, with the company submitting a formal notice to the relevant supervisory authority and publishing it for public access. The report confirms compliance with disclosure obligations under MAR, ensuring transparency regarding insider trading activity by senior management.
The report announces that on 13 December 2021 PCF Group S.A., a Warsaw‑based company, entered into a production and publishing agreement with Incuvo S.A. of Katowice. The contract focuses on adapting a title from the People Can Fly portfolio for all major virtual‑reality platforms, including code adjustments to meet VR hardware specifications. PCF Group will finance the entire VR production through milestone payments tied to key development stages, with contract terms aligned to market standards for similar agreements. Upon completion and launch of the VR game, Incuvo will receive royalties contingent on sales revenue that covers PCF Group’s production, marketing, and distribution costs; the royalty rate depends on the defined sales thresholds. The game’s release is targeted for late 2023. No special contractual clauses or penalty provisions deviate from common practice for this type of agreement, ensuring standard industry compliance.
PCF Group S.A. announced on 27 September 2021 that its board adopted an updated development strategy for the company and its capital group. The update builds on a prospectus approved by the Polish Financial Supervision Authority in November 2020 and introduces three key expansion directions. First, the group plans to broaden its game portfolio by adding AA titles that can be produced more quickly and at lower budgets while maintaining quality comparable to Triple‑A releases. Second, it aims to develop AAA and AA games in new genres beyond its current focus on shooters and action titles, incorporating RPG elements. Third, the strategy includes acquiring or partnering with new production teams or companies that operate in these newly targeted segments.
The overarching objective is to position the group as one of the world’s leading independent development studios, with a target of releasing at least one new title annually from 2024 onward under either publisher collaboration or self‑publishing models. The update does not alter the existing strategic goals; it confirms the continued dual model of producing multiple Triple‑A games in partnership with major global publishers while expanding self‑publishing efforts for AAA titles based on existing or newly created intellectual property. The strategy therefore seeks to diversify genre offerings, streamline production pipelines for AA titles, and strengthen the group’s global competitive standing through both external partnerships and internal publishing capabilities.
The report, issued on 21 October 2021, discloses a transaction involving a senior executive of PCF Group S.A. The disclosure is mandated under Article 19(3) of the MAR regulation and follows a notification received on that same day. The transaction concerns the acquisition of shares in PCF Group S.A. by the company’s Chief Executive Officer, executed on 19 October 2021. The notification is attached to the current report as required by regulatory protocol.
The primary purpose of this filing is to provide transparency regarding insider trading activities within the company, ensuring that shareholders and market participants are informed of significant share purchases by key management personnel. The report confirms the identity of the purchaser, the date of acquisition, and the nature of the transaction (share purchase). No additional financial details such as quantity or price are disclosed within this brief summary, implying that the attached notification contains those specifics.
The scope is limited to a single transaction involving one executive within PCF Group S.A., covering the Polish market and the period up to 21 October 2021. Methodologically, the report follows standard regulatory disclosure procedures, relying on internal notification from the executive and subsequent public filing. The conclusion underscores compliance with MAR requirements and reinforces the company’s commitment to market transparency.
The report discloses that PCF Group S.A., a Warsaw‑based company, entered into a non‑binding letter of intent on 28 October 2021 with OÜ Blite Fund, an Estonian shareholder of Incuvo S.A., a Katowice‑based virtual reality game developer. The intent is to acquire between 50 % + 1 share and 53 % of Incuvo’s shares, including at least 49.01 % from OÜ Blite Fund. Negotiations for a definitive investment agreement are to commence under the terms outlined in the letter, with an exclusive negotiation period lasting until 8 December 2021. The report explains that the disclosure of this confidential information was delayed until 13 December 2021, citing Article 17(4) of the EU Market Abuse Regulation (MAR). The board justified the delay by arguing that immediate disclosure could jeopardise ongoing negotiations, risk adverse third‑party reactions, and potentially distort market perception of the transaction’s likelihood. The board ensured confidentiality through an access list compliant with MAR Article 18 and pledged to notify the Polish Financial Supervision Authority of the delay. The disclosure clarifies that signing the letter and initiating negotiations does not guarantee a completed share purchase. This communication covers a single transaction involving PCF Group S.A., OÜ Blite Fund, and Incuvo S.A. in the European gaming sector, with a focus on virtual reality titles. The methodology is purely regulatory compliance reporting, based on internal board decisions and MAR provisions.
The report discloses that on 3 January 2022 the board of PCF Group S.A. received a notification concerning a transaction executed by an individual holding managerial responsibilities, specifically the company’s President of the Board. The notification indicates that on 29 December 2021 this executive acquired shares in PCF Group S.A. The disclosure is made pursuant to Article 19(3) of the MAR regulation, fulfilling regulatory obligations for transparency in insider transactions. The scope is limited to a single transaction involving the company’s top executive and pertains exclusively to share ownership within PCF Group S.A. No additional data such as transaction volume, price, or comparative market impact are provided; the report merely confirms receipt of the notification and attaches it as an annex. Methodologically, the information is sourced directly from regulatory filings submitted by the executive to the relevant supervisory authority. The report serves to inform shareholders and market participants of potential insider activity, ensuring compliance with disclosure requirements under the Markets in Financial Instruments Regulation.
PCF Group S.A., headquartered in Warsaw, completed the acquisition of 7,143,900 shares of Incuvo S.A. on 13 December 2021, representing 50.01 % of Incuvo’s share capital and voting rights. The transaction was executed under EU market‑abuse regulation, with the purchase price set at PLN 19,995,776.00 and an additional payment clause that may add up to PLN 11,595,725.00 based on the profitability of Incuvo’s VR title “Green Hell VR” and its Metacritic rating during a specified reference period. Incuvo specializes in virtual‑reality game development and porting third‑party titles to VR platforms.
The agreement includes customary representations, warranties, non‑competition restrictions for twelve months post‑closing, and liability provisions. Concurrently, PCF entered into transfer agreements with Incuvo’s shareholders Andrzej Wychowń and Radomir Kucharski, imposing sale restrictions on their shares and mandating continued board participation while prohibiting competitive activities until 31 December 2024.
This acquisition aligns with PCF Group’s strategic expansion into video‑game production, aiming to strengthen the group’s capabilities in emerging sectors. The transaction covers Poland and involves the NewConnect market of the Warsaw Stock Exchange, reflecting a focused geographic scope within the European VR gaming industry.
The report outlines the scheduled publication dates for various periodic financial statements of a company during 2022. Its primary objective is to inform stakeholders about the timing and availability of interim reports, including both individual and consolidated quarterly statements. The document specifies that an interim report for the first quarter of 2022 will be released, containing a condensed financial statement as required by § 62(3) of the relevant regulation. Additionally, it notes that the company will postpone the release of its individual and consolidated quarterly reports for Q4 2021, as well as the consolidated quarterly report covering Q2 and Q4 of 2022, in accordance with § 79(2) of the regulation.
Key findings indicate that the company adheres to statutory deadlines while also adjusting its reporting schedule in response to regulatory requirements. The report covers the entire 2022 fiscal year, focusing on quarterly and interim financial disclosures. No specific data points or statistical analyses are presented; the emphasis is purely on publication timelines and compliance with regulatory provisions. Methodologically, the information appears to be derived from internal scheduling and legal mandates rather than external surveys or market data. The scope is limited to the company's own reporting obligations within Poland, reflecting a compliance-focused approach rather than broader industry analysis.
The report announces the resignation of Dr. Aleksander Ferenc from the Supervisory Board of PCF Group S.A., effective March 3, 2022. The board’s decision is communicated in compliance with Polish financial regulatory requirements, specifically the 2018 Minister of Finance regulation on ongoing information obligations for issuers. The announcement confirms that Dr. Ferenc’s resignation was submitted and accepted on the same day, and expresses gratitude for his contributions to the company.
Simultaneously, the report states that Dr. Ferenc will continue to support PCF Group S.A.’s parent company, People Can Fly, in mergers and acquisitions (M&A) and integration activities from March 3, 2022 onward. No additional data on financial performance or strategic initiatives are provided; the focus remains strictly on governance changes and the continuity of Dr. Ferenc’s advisory role within the broader corporate group.
The scope is limited to PCF Group S.A., a Warsaw‑based entity, and its parent company People Can Fly. The time frame is the specific date of resignation, March 3, 2022, with implications for ongoing M&A support. Methodology is not applicable beyond the regulatory reporting framework mandated by Polish financial law.
The current report announces a revised deadline for the publication of PCF Group S.A.’s consolidated and individual annual reports for 2021. The change follows an earlier communication (current report no. 2/2022) that had set the release date for 20 April 2022. The board now confirms that both reports will be published on 21 April 2022, shifting the deadline by one day. This adjustment is made under § 80(2) of the Minister of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures required from issuers of securities. The notice is dated 14 April 2022 and serves to inform stakeholders, investors, and regulatory bodies of the new publication schedule. No additional data, statistics, or broader industry context are provided; the scope is limited to the timing of the PCF Group’s annual reporting for the 2021 fiscal year. The methodology is simply a procedural update issued by the company’s management board, with no survey or external data sources referenced.
The report announces a change in the publication date for PCF Group S.A.’s consolidated quarterly report covering the first quarter of 2022. The board, acting under § 80(2) of the Polish Ministry of Finance regulation dated 29 March 2018, informs stakeholders that the report will now be released on 30 May 2022 instead of the previously scheduled 27 May 2022. This adjustment follows the earlier current report No. 2/2022 issued on 20 January 2022, which had set the original publication date. The notice is issued on 12 May 2022 and serves to update investors, regulators, and other interested parties about the revised timeline. No additional data, financial figures, or analytical findings are presented in this communication; it functions solely as a procedural update regarding the reporting schedule for the PCF Group’s first‑quarter results.
The recommendation issued by the Board of PCF Group S.A. on 1 June 2022 proposes a distribution of the company’s net profit for 2021, amounting to PLN 41 751 983.35. The Board recommends allocating PLN 8 086 561.02 (approximately 19.37 % of net profit) to shareholders as a dividend, translating into PLN 0.27 per share. The remaining PLN 33 665 422.33 will be retained as a reserve in the company’s capital. Dividend declaration is set for 8 July 2022 with payment scheduled for 3 August 2022. The proposal received approval from the supervisory board in accordance with the company’s charter and will be presented to the ordinary general meeting for final approval under Polish commercial law. The recommendation aligns with PCF Group’s established dividend policy, emphasizing a consistent payout ratio relative to net earnings. The proposal reflects the company’s financial performance for 2021, indicating a solid profit base and a commitment to returning value to shareholders while strengthening reserves.
The report informs that on 30 June 2022 Square Enix Limited (SQEX) exercised its right to acquire the fourth tranche of 90,000 subscription warrants (Series A4) issued by PCF Group S.A. Each warrant entitles SQEX to purchase one ordinary Series C share at an issue price of 50 PLN, matching the final public offering price approved by the Polish Financial Supervision Authority on 25 November 2020. The issuance of this tranche was triggered by PCF’s revenue from contracts with SQEX exceeding 180 million PLN.
Under the investment agreement, SQEX may exercise its option to acquire Series C shares for each tranche received, up to a maximum of six tranches. By the date of this report, SQEX had accumulated 360 000 warrants across four tranches, allowing the purchase of an equivalent number of Series C shares. This represents roughly 1.2 % of PCF’s share capital and confers the same proportion of voting rights at general meetings. The company estimates that, if all six tranches were exercised, SQEX could ultimately acquire about 1.8 % of the share capital.
The warrants can be exercised until 31 December 2025. PCF currently lacks information on SQEX’s intentions regarding the exercise of these rights. The report is dated 30 June 2022 and follows a prior disclosure (report no. 40/2021) concerning the initial investment agreement between PCF and SQEX.
The report announces that the ordinary general meeting of PCF Group S.A. held on 28 June 2022 approved the distribution of the company’s net profit for the fiscal year 2021. The meeting resolved to allocate a dividend of 8,086,561.02 zł (eight million eighty‑six thousand five hundred sixty‑one złoty and two groszy) to shareholders. Each share entitles the holder to a dividend of 0.27 zł (twenty‑seven groszy). The total number of shares eligible for the dividend is 29,950,226. The ex‑dividend date was set for 8 July 2022, with the payment scheduled for 3 August 2022.
The decision follows Polish financial regulation §19(2) of the Minister of Finance’s 2018 decree on ongoing and periodic information required from issuers of securities. The report confirms that the dividend distribution is based on the company’s after‑tax net income for 2021, reflecting the board’s assessment of profitability and shareholder return policy. No further operational or strategic details are provided, as the document’s purpose is strictly informational regarding dividend allocation.
The notice informs stakeholders that the publication date for PCF Group S.A.’s consolidated semi‑annual report covering the first half of 2022 has been postponed. Originally scheduled for September 26, 2022, the release will now occur on September 29, 2022. The change is issued under Article 80(2) of the Polish Ministry of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures by issuers of securities. The announcement follows an earlier current report dated 20 January 2022, which had set the initial deadline. No additional data or financial figures are provided; the communication solely addresses the revised timeline for the semi‑annual report’s availability.
The report announces preliminary consolidated financial results for PCF Group S.A. and its capital group for the first half of 2022, following earlier interim reports. The key figures presented are revenue from sales at PLN 90.6 million, EBITDA of PLN 29.0 million, and net profit of PLN 25.5 million. These numbers are provisional and will be reviewed by an external auditor before finalization. The definitive half‑year financial statements, covering the six months ending 30 June 2022, are scheduled for publication on 29 September 2022. The scope of the data is limited to consolidated results for the entire PCF Group, with no breakdown by geographic region or individual business segments disclosed. The methodology is not detailed beyond the indication that an audit will verify the estimates; no survey or sample size information is provided. The report serves to inform shareholders and market participants of the group’s early performance, highlighting a strong profitability profile with EBITDA and net profit margins exceeding 30 % of sales. The forthcoming official report will provide audited confirmation of these figures and any adjustments made during the review process.
The report announces the scheduled publication dates for PCF Group S.A.’s periodic financial disclosures in 2023, as required by Polish finance regulations. Annual reports for the fiscal year 2022—both individual and consolidated—are slated for release on April 27, 2023. Quarterly reporting will include a consolidated Q1 2023 report on May 29, 2023 and a consolidated Q3 2023 report on November 27, 2023. The first half‑year consolidated report is due September 21, 2023.
The board clarifies that the company will not issue individual quarterly or half‑yearly reports, in line with § 62 of the regulation. Instead, it will provide consolidated quarterly reports containing the required financial information and a consolidated half‑yearly report with a condensed financial statement. Additionally, PCF Group S.A. will forgo publishing the individual and consolidated Q4 2022 reports, as well as the consolidated Q2 and Q4 2023 reports, pursuant to § 79(2) of the regulation.
These disclosures cover PCF Group S.A.’s activities within Poland for the 2023 calendar year, focusing on compliance with statutory reporting obligations. The information is presented in a concise format, specifying exact dates and the nature of each report to ensure transparency for investors and regulators.
The report announces that PCF Group S.A., a Warsaw‑based company, has decided to increase its capital participation in its subsidiary Incuvo S.A., a Katowice‑based game developer. On 27 January 2023, the board authorized the issuance of 136,104 new ordinary shares (Series E) at an emission price of PLN 46.13 each, totaling PLN 6,278,477.52. These shares represent approximately 0.45 % of PCF’s share capital and voting rights, and will be fully subscribed by Incuvo’s CEO Andrzej Wychowańcy (87,820 shares) and Vice‑Chairman Radomir Kucharski (48,284 shares). In exchange, the two executives will transfer 1,128,450 Incuvo shares (≈7.90 % of Incuvo’s capital) and 620,428 Incuvo shares (≈4.34 % of Incuvo’s capital) to PCF, thereby raising PCF’s stake in Incuvo from 50.01 % to roughly 62.25 % of both capital and voting rights.
The emission price was calculated using a six‑month average market price of PCF shares (1 June–30 November 2022) and correlated with a fair‑value assessment of Incuvo’s shares by an external auditor. The transaction aligns with PCF Group’s strategy to diversify its game portfolio, expand into virtual reality leveraging Incuvo’s expertise, and enhance publishing capabilities.
Lock‑up restrictions apply to the new shares until the end of December 2024, mirroring conditions from PCF’s 2020 public offering. The board has requested supervisory approval for the pricing, waiver of pre‑emptive rights, and full allocation to the two executives. Further updates will be provided as required by law.
The update presents the revised growth strategy for PCF Group S.A. and its People Can Fly holding group, adopted by the board on 31 January 2023. The strategy had first been disclosed in the company’s prospectus approved by the Polish Financial Supervision Authority on 25 November 2020 and subsequently updated in a 43/2021 interim report dated 27 September 2021. The current update is attached to the present filing and outlines new assumptions, objectives, and operational priorities for both the parent company and its subsidiaries.
Key points include a renewed focus on expanding market presence, enhancing product development pipelines, and strengthening financial performance through cost optimisation and capital allocation. The strategy also highlights commitments to sustainability initiatives, digital transformation, and talent development across the group’s portfolio. While specific financial targets are not disclosed in this summary, the document stresses alignment with regulatory frameworks and adherence to EU prospectus regulations for any forthcoming equity offerings.
The update applies exclusively within the European Economic Area and the United Kingdom, targeting qualified investors and institutional participants. It is governed by EU Regulation (EU) 2017/1129 on prospectuses and related directives, ensuring compliance with disclosure obligations for non‑public offerings. The filing clarifies that it does not constitute a public offer, contains no promotional content for new shares, and is restricted from distribution in jurisdictions such as the United States, Australia, Canada, Japan, or South Africa. The document also includes standard legal and risk disclosures, emphasizing that forward‑looking statements are subject to uncertainty and should not be relied upon as definitive forecasts.