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The report announces that on 3 August 2021 the National Securities Depository (KDPW) conditionally registered 387,714 bearer shares of Series D issued by PCF Group S.A., a Warsaw‑based company. Each share carries a nominal value of 0.02 PLN and is identified by the ISIN PLPCFGR00010. The registration is contingent upon the shares being listed on a regulated market, where other PCF Group shares under the same ISIN are already traded. The announcement follows § 17(1)(1) of the Minister of Finance Regulation dated 29 March 2018, which governs ongoing and periodic information disclosures by securities issuers. The company’s board confirms that the conditional registration will be communicated through a KDPW operational notice. This brief communication serves to inform market participants of the impending availability of Series D shares, subject to regulatory listing requirements, thereby ensuring transparency and compliance with Polish securities disclosure obligations.
The report announces the completion of a private subscription offering 387,714 ordinary shares of Series D by PCF Group S.A., a Warsaw‑based company. The subscription was directed solely to Fiducie Familiale Samuel Girardin 2020, a trust established in Montreal for Samuel Girardin and related parties. The transaction was authorized by the company’s Extraordinary General Meeting on 24 May 2021 and finalized with a subscription agreement dated 31 May 2021. Each Series D share carried a nominal value of PLN 0.02 and was issued at an emission price of PLN 75.75, resulting in a total subscription value of PLN 29,369,335.50.
The offering was conducted as a private placement under Polish company law (art. 431 §2(1) of the 2000 Companies Act), with no public solicitation or multiple tranches. Consequently, there were no subscription records, no allocation reductions, and the sole investor received all shares. The shares were paid for in cash; no sub‑emission arrangements or additional costs were disclosed at the time of reporting. Detailed cost breakdowns and average per‑share expenses are pending final invoicing and will be disclosed in a separate subsequent report. The transaction represents a capital increase for PCF Group, with the Series D shares intended to be listed on the Warsaw Stock Exchange and dematerialised in a securities depository, pending regulatory approval.
The report, dated 30 August 2021, informs the public that PCF Group S.A. has received a notification concerning an amendment to a prior disclosure made on 18 August 2021. The original notice detailed the acquisition of company shares by a person exercising managerial duties, specifically the Chairman of the Board. The amendment, communicated on 30 August, updates or corrects information related to that transaction. The report references Article 19(3) of the MAR regulation as its legal basis, indicating compliance with market‑authorisation rules for material disclosures. No additional data such as share quantity, price, or transaction value are provided within the brief; instead, the full amended notification is attached as an annex. The scope of the disclosure is limited to a single corporate entity, PCF Group S.A., and pertains solely to an internal shareholding change by a senior executive. The methodology is straightforward: the company reports changes in accordance with regulatory requirements, submitting the amended notice to the relevant supervisory authority and making it publicly available. The concise nature of the report reflects a routine update rather than an analytical study, focusing on transparency and regulatory compliance for stakeholders.
The report announces that PCF Group S.A., a Warsaw‑based company, has received approval from the Warsaw Stock Exchange (GPW) to list 387,714 bearer shares of Series D on the Main Market. The GPW board adopted decision 783/2021 on 4 August 2021, authorizing the admission and introduction of these shares to trading. The shares carry a nominal value of 0.02 PLN each and will be registered by the National Securities Depository (Krajowy Depozyt Papierów Wartościowych) on 9 August 2021, at which point they will receive the market code PLPCFGR00010. The decision became effective immediately upon adoption, allowing the shares to enter primary market trading from 9 August 2021.
The document is a regulatory filing under Polish financial legislation, specifically §17(1)(2) of the Minister of Finance Regulation dated 29 March 2018, which governs current and periodic information required from issuers. The filing covers a single geographic jurisdiction—Poland—and pertains exclusively to the equity segment of the regulated market. No survey or statistical methodology is presented; the report simply records the administrative approval and registration timeline for the new share class. The information is intended to inform market participants of the availability of Series D shares for trading and the procedural steps completed by the issuer and exchange.
The report, dated 18 August 2021, informs the public that PCF Group S.A. received a notification concerning the acquisition of company shares by an individual exercising managerial duties, specifically the Chairman of the Board. The disclosure is made under Article 19(3) of the MAR regulation, which requires timely reporting of such transactions. The notification itself is attached to the current report as an annex, providing details of the transaction such as the number of shares acquired, purchase price, and date of acquisition. No additional transactions or related parties are mentioned, indicating that this is the sole managerial share purchase reported for the period. The scope of the disclosure covers only PCF Group S.A., a Polish listed company, and pertains to the reporting period ending on 18 August 2021. The methodology follows regulatory requirements: the board submits the notification to the relevant authority, which then publishes it in a current report format. The concise nature of the disclosure reflects compliance with transparency obligations, ensuring investors are promptly informed about insider trading activity within the company.
The report announces that PCF Group S.A. entered into an investment agreement with Square Enix Limited on 29 August 2021, formalizing the issuance of subscription warrants and related capital‑raising activities. The agreement stipulates that PCF will offer up to 1,555,922 warrants, each convertible into one Series C ordinary share, in up to six tranches linked to revenue milestones from contracts with Square Enix. Each tranche is released once cumulative contract revenue reaches a 45‑million‑PLN threshold, with the final tranche capped by 30 September 2024. The number of warrants per tranche is calculated as the ratio of 4.5 million PLN to the final share price offered in the public offering, ensuring a proportional allocation relative to revenue performance.
Square Enix may exercise its conversion rights after the fourth tranche and subsequently with each additional tranche, subject to a 31 December 2025 expiry. The agreement allows for accelerated tranching or conversion in events such as a change of control or delisting from the Warsaw Stock Exchange. Square Enix also retains an opt‑out clause, enabling it to relinquish conversion rights in exchange for compensation if the parties decide against further investment.
As of the report date, PCF’s revenue from Square Enix contracts exceeded 90 million PLN, triggering the obligation to offer two warrant tranches. The potential conversion of these warrants would represent roughly 1.8 % of PCF’s share capital, indicating a modest dilution impact. The agreement concludes prior negotiations that began with an initial memorandum of understanding on 31 July 2020, thereby formalizing the terms outlined in PCF’s prospectus.
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.
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.