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Current Report No. 1/2022: Transactions by Persons Discharging Managerial Responsibilities

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.

investment europe

PCF Group

Report

Annual Report 2013: 11 bit studios

I. PISMO ZARZĄDU ............................................................................................................. 3 II. WYBRANE JEDNOSTKOWE DANE FINANSOWE ZAWIERAJĄCE PODSTAWOWE POZYCJE ROCZNEGO SPRAWOZDANIA FINANSOWEGO WRAZ Z DANYMI PORÓWNYWALNYMI ................ 4 III. SPRAWOZDANIE FINANSOWE ZA ROK 2013 11 BIT STUDIOS S.A. ........................................ 4 IV. SPRAWOZDANIE ZARZĄDU Z DZIAŁALNOŚCI SPÓŁKI W ROKU 2013....................................

investment game-development game-publishing+1

11 bit studios

Report

Recommendation of the Management Board Regarding Net Profit Distribution for 2023

The board of 11 bit studios S.A. announced on 22 April 2024 that it recommends allocating the entire net profit of 525,609 PLN earned in 2023 to the company’s reserve capital. This recommendation is presented for consideration by the supervisory board and will ultimately be decided at the ordinary general meeting of shareholders. The resolution is grounded in Article 17(1) of the MAR, indicating that the information is confidential. The board members involved in this decision are President Przemysław Marszał and Board Member Grzegorz Miechowski. The recommendation reflects a conservative approach to capital management, ensuring that all profits are retained within the company rather than distributed as dividends. No additional financial details, such as profit breakdowns or comparative figures from prior years, are provided in the brief. The document serves solely to inform shareholders and supervisory authorities of the proposed profit allocation for the fiscal year 2023.

investment europe

11 bit studios

Report

Current Report No. 1/2023: Publication Dates of Periodic Reports

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.

investment europe

PCF Group

Report

Szacunkowe wyniki finansowe za I półrocze 2022 r.

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.

investment market-analysis europe

PCF Group

Report

Szacunkowe wyniki finansowe za rok obrotowy 2022

The report presents preliminary consolidated financial results for PCF Group S.A. for the fiscal year ending 31 December 2022, as required under Article 17(1) of the MAR regulation. The company’s management has decided to disclose these estimates publicly, following earlier interim reports 3/2023 and 4/2023. Revenue from sales is estimated at PLN 170 million, while EBITDA is projected at PLN 48.5 million. These figures are provisional and will be audited by an external auditor before finalization. The scope of the estimates covers the entire PCF Group, encompassing all subsidiaries and operating units. The time period is strictly the 2022 fiscal year. No detailed breakdown by geographic region or business segment is provided in this preliminary disclosure; the figures represent group‑wide aggregates. Methodologically, the estimates are derived from management’s internal projections and will undergo verification by a qualified auditor. The final audited results, both individual and consolidated, are scheduled for release in the 2022 annual reports on 27 April 2023. The report maintains a neutral tone, focusing solely on the announced revenue and EBITDA figures without additional commentary or analysis.

investment europe

PCF Group

Report

Current Report No. 10/2023: Change of Date for Submission of Annual Reports for 2022

The report announces a revised deadline for the publication of PCF Group S.A.’s consolidated and individual annual reports for 2022. The change follows an earlier current report issued on 19 January 2023, which had set the release date for 27 April 2023. The updated schedule moves the publication forward to 28 April 2023, thereby shortening the interval between the original deadline and the new one by one day. The adjustment is made under § 80(2) of the Ministry of Finance regulation dated 29 March 2018, which governs ongoing and periodic disclosures required from issuers of securities. The notice confirms that both the group‑wide consolidated report and the individual entity’s annual report will be released on the same date, ensuring consistency across filings. No additional data or statistical findings are presented; the document’s sole purpose is to inform stakeholders of the date modification. The scope is limited to PCF Group S.A., covering its 2022 financial year, and the time frame is confined to the publication date change announced in March 2023. The methodology involves a straightforward administrative update, with no survey or external data sources referenced.

investment europe

PCF Group

Report

Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.

The report announces that on 30 May 2023 the board of PCF Group S.A. received financing terms from Bank Polska Kasa Opieki S.A., confirmed by the bank’s Credit Committee. The proposed facility is a revolving credit line capped at PLN 50 million, intended to cover production costs for commissioned games. The line is renewable and the repayment period extends up to three years from contract signing, with customary collateral for such transactions. The board has decided to enter negotiations to finalize credit documentation under these terms, while noting that receipt of the terms and initiation of talks does not guarantee a binding agreement. The company will disclose final documentation in a separate report once executed.

investment funding europe

PCF Group

Report

Conditional Registration of Series G Bearer Shares: Report 48/2023

The report announces that on 7 September 2023 the National Securities Depository (KDPW) conditionally registered 2,510,904 bearer common shares of PCF Group S.A. (ISIN PLPCFGR00010), each with a nominal value of 0.02 PLN, under the condition that they are introduced into trading on a regulated market where other PCF Group shares with the same ISIN have been listed. The registration is governed by § 17(1)(1) of the Minister of Finance Regulation dated 29 March 2018 concerning current and periodic information provided by issuers. The conditional nature of the registration implies that the shares will only become fully registered and tradable once they are listed on a regulated market. The information was communicated by the company’s board and will be disseminated through KDPW’s operational notice. The scope is limited to the Polish market, specifically the Warsaw Stock Exchange or other regulated venues where PCF Group shares are listed. No additional data, methodology, or statistical analysis is provided beyond the registration details and legal basis.

investment ipo europe

PCF Group

Report

Raport Bieżący Nr 8/2024: Podjęcie Decyzji o Zaniechaniu Dalszych Prac Nad Projektem Dagger

PCF Group S.A. has officially terminated development of Project Dagger, a decision driven by a strategic reassessment of the company’s development pipeline. Following a comprehensive evaluation of the project’s scope and commercial potential, management concluded that the game’s redefined direction failed to meet internal performance expectations. This cancellation marks the conclusion of a development cycle that had been subject to multiple prior disclosures since late 2022. The financial impact of this decision involves a full write-down of all capitalized expenditures associated with the project. As of December 31, 2023, the company will record impairment charges totaling 79.9 million PLN in its standalone financial statements and 68.3 million PLN in its consolidated financial statements. These adjustments will directly reduce the carrying value of fixed assets and negatively affect the net financial results for the 2023 fiscal year. While these write-downs are significant, they are classified as one-time, non-cash events and will not impact the company’s EBITDA. The reported figures remain estimates pending final audit verification, with the definitive financial impact to be formally presented in the upcoming annual reports. This strategic pivot reflects a broader effort to optimize the company’s portfolio and reallocate resources toward projects with more favorable commercial prospects within the global gaming market.

game-development investment europe

PCF Group

Report

Zakończenie subskrypcji akcji serii F PCF Group S.A.

The report announces the completion of a private subscription offering for 3,343,037 ordinary Series F shares of PCF Group S.A., each with a nominal value of 0.02 PLN, issued at an emission price of 40.20 PLN per share. The subscription period ran from 29 May to 1 June 2023, with contracts finalized on 6 June and full payment received by 9 June. Two investors participated, acquiring the entire offering; no tranches or secondary allocations were involved. The total value of the issuance amounted to 134,390,087.40 PLN. Costs associated with the offering are pending finalization; a separate report will disclose detailed expense breakdowns and per‑share cost once all invoices are received. The document clarifies that the shares were offered exclusively within Poland, with no prospectus required under EU Prospectus Regulation, and that the offering is restricted to qualified investors in the European Economic Area, the United Kingdom, and certain U.S. institutional investors under Rule 144A. Legal notices emphasize that the report is informational only, not an offer or recommendation, and that distribution outside specified jurisdictions is prohibited. The report also contains forward‑looking statements subject to risks, uncertainties, and regulatory constraints, underscoring that investors should conduct independent due diligence before participating.

investment funding ipo+1

PCF Group

Report

Current Report No. 29/2023: Change in Shareholding of Sebastian Wojciechowski

The report informs shareholders that on 28 June 2023, Sebastian Wojciechowski submitted a notification to PCF Group S.A. under Article 69 of the Polish Public Offering Act, indicating a change in his ownership stake and voting rights within the company. The notification is attached to this current report, which serves as the official disclosure required by Article 70(1) of the same legislation. The document confirms that the board has received and recorded Wojciechowski’s update, thereby ensuring compliance with regulatory disclosure obligations for public‑listed entities. No additional data on the magnitude of the shareholding change, percentage ownership before or after, or impact on corporate governance is provided within this brief notice. The scope of the disclosure is limited to PCF Group S.A., a Warsaw‑based public company, and pertains solely to the period up to 28 June 2023. Methodologically, the report follows statutory reporting procedures, relying on formal notification from the shareholder and internal board verification. The concise communication fulfills the legal requirement to inform investors of material changes in shareholding and voting power, maintaining transparency for market participants.

investment europe

PCF Group

Report

List of Proposed Changes to the Articles of Association: PCF Group S.A.

The proposed amendments to the Articles of Association of PCF Group S.A. aim to modify the company’s share capital structure and introduce a new series of shares. The current authorized capital is PLN 668,587.34, divided among five existing series (A, B, D, E, and F) with nominal values of PLN 0.02 per share. The amendments raise the minimum authorized capital to PLN 668,587.36 and set a maximum of PLN 718,805.42, thereby allowing for future capital increases within this range. The share distribution remains largely unchanged for the first five series, preserving their respective quantities: 27,500,000 shares of Series A; 2,062,512 shares of Series B; 387,714 shares of Series D; 136,104 shares of Series E; and 3,343,037 shares of Series F. A new sixth series, Series G, is introduced with a minimum issuance of one share and a maximum cap of 2,510,904 shares, each also valued at PLN 0.02. These changes provide the company with greater flexibility to issue additional shares, potentially for capital raising or strategic purposes, while maintaining a clear cap on the total authorized share count. The amendments are confined to Warsaw-based PCF Group S.A., with no geographic expansion indicated, and pertain solely to the corporate governance framework rather than operational or financial performance metrics.

investment europe

PCF Group

Report

Current Report No. 34/2023: Admission and Introduction to Trading of Series E and F Bearer Shares

The report announces the approval and listing of PCF Group S.A.’s bearer shares on the Warsaw Stock Exchange. On 17 July 2023, the Board of GPW adopted resolution 745/2023 permitting 136,104 Series E shares and 3,343,037 Series F shares—each with a nominal value of PLN 0.02—to be traded on the Main Market. The shares will enter circulation from 19 July 2023, contingent upon registration by the National Securities Depository on that date and assignment of the ticker PLPCFGR00010. The announcement is grounded in Article 17(1)(2) and (4) of the 29 March 2018 Ministerial Regulation on ongoing and periodic information from issuers, ensuring compliance with disclosure requirements for non‑EU jurisdictions. The scope is limited to the Warsaw Stock Exchange’s primary market, covering only the two bearer share series of PCF Group. No survey or statistical methodology is presented; the document serves as a regulatory notification rather than an analytical study. The information confirms immediate effect of the GPW resolution and outlines procedural steps for depository registration, thereby enabling market participants to trade the newly listed shares.

investment funding ipo+1

PCF Group

Report

Current Report No. 40/2023: Execution of Agreements for Series G Share Subscription of PCF Group S.A.

The report discloses that PCF Group S.A., a Warsaw‑based issuer, entered into subscription agreements with investors for 2 510 904 ordinary shares of Series G. Full cash consideration was paid, and the agreements were executed in accordance with Article 17(1) of Regulation (EU) No 596/2014 on market abuse. The disclosure is strictly informational and does not constitute an offer, solicitation or promotional material for the new shares. It applies only to qualified investors within EU member states and the United Kingdom, excluding persons in the United States, Australia, Canada, Japan, South Africa or other jurisdictions where such distribution would violate securities law. The shares are not registered under U.S. securities legislation and cannot be offered or sold in those territories except under specific exemptions such as Regulation S or Rule 144A. The issuer and its managers expressly disavow any liability for the content of the report, and no prospectus is required under the Prospectus Regulation. The document contains forward‑looking statements subject to risks and uncertainties, and it cautions that past performance does not guarantee future results. No investment recommendation is made; investors are urged to conduct independent due diligence before considering participation in the Series G subscription.

investment funding europe

PCF Group

Report

Terminy publikacji raportów okresowych: PCF Group S.A. 2024

PCF Group S.A. has established its formal schedule for the disclosure of periodic financial reports throughout the 2024 fiscal year. This disclosure ensures regulatory compliance with the Polish Ministry of Finance requirements regarding the transparency of publicly traded entities. The schedule provides stakeholders with specific dates for the release of annual, semi-annual, and quarterly financial statements, facilitating informed investment decisions and market oversight. The company will release its standalone and consolidated annual reports for 2023 on April 25, 2024. Regarding the 2024 fiscal year, the consolidated quarterly report for the first quarter is slated for May 27, 2024, followed by the consolidated semi-annual report on September 26, 2024, and the consolidated third-quarter report on November 26, 2024. These filings are limited to consolidated data, as the company has formally opted out of publishing standalone quarterly and semi-annual reports. In accordance with applicable financial regulations, the company will not issue separate reports for the fourth quarter of 2023, nor will it publish consolidated quarterly reports for the second and fourth quarters of 2024. By consolidating its financial reporting, the company streamlines its disclosure process while maintaining adherence to the reporting standards mandated for issuers of securities. This schedule covers the entirety of the 2024 calendar year and applies to the company’s operations within the Polish capital market.

investment europe

PCF Group

Report

Annual Report 2012: 11 bit studios S.A.

I. PISMO ZARZĄDU ............................................................................................................. 3 II. WYBRANE JEDNOSTKOWE DANE FINANSOWE ZAWIERAJĄCE PODSTAWOWE POZYCJE ROCZNEGO SPRAWOZDANIA FINANSOWEGO WRAZ Z DANYMI PORÓWNYWALNYMI ................ 4 III. SPRAWOZDANIE FINANSOWE ZA ROK 2012 11 BIT STUDIOS S.A. ........................................ 4 IV. SPRAWOZDANIE ZARZĄDU Z DZIAŁALNOŚCI SPÓŁKI W ROKU 2012....................................

market-analysis investment game-development+2

11 bit studios

Report

Raport Bieżący Nr 41/2023: Zawarcie Ugody z OÜ Blite Fund

The report announces that on 21 August 2023, PCF Group S.A. entered into an agreement with OÜ Blite Fund, a limited liability company based in Tallinn, Estonia. Under the settlement, PCF Group S.A. committed to pay Blite Fund 2 050 000,00 złoty as an additional payment for the purchase price of 7 143 900 shares of Incuvo S.A., a company headquartered in Katowice. These shares were originally acquired by PCF Group S.A. through a share sale agreement dated 13 December 2021 between the two parties. The additional payment represents a full settlement of all mutual claims arising from or related to the share sale agreement. The amount will be recorded in PCF Group S.A.’s income statement for the second quarter of 2023. The settlement is made pursuant to Article 17(1) of the MAR regulation, and it follows a prior interim report dated 13 December 2021. The document provides no further methodological details, as it is a straightforward disclosure of the contractual resolution and its financial impact on the company’s quarterly results.

mergers-acquisitions investment europe

PCF Group

Report

Raport Bieżący Nr 54/2023: Zawarcie Umowy na Realizację Nowego Projektu

The report announces that PCF Group S.A., headquartered in Warsaw, has decided to launch a new project code‑named “Bison” after conducting market analysis and assessing the company’s production capacity and capital group resources. On 12 November 2023, PCF Group entered into a developer services agreement with its subsidiary Incuvo S.A., based in Katowice, to provide development support for the project. The “Bison” initiative focuses on creating a virtual‑reality (VR) adventure survival video game built on People Can Fly’s proprietary intellectual property. The game will target the most prominent current and upcoming VR hardware platforms, with full production funding provided by PCF Group. The company will oversee the entire development lifecycle, from final product creation to commercialization and market launch, utilizing the Unity engine for game development. The planned release window spans 2024 to 2025, positioning the title within a growing VR gaming segment. The announcement underscores PCF Group’s strategic intent to expand its portfolio into immersive VR experiences, leveraging internal expertise and infrastructure while partnering with a dedicated subsidiary for specialized development services.

game-development adventure europe

PCF Group

Current Report No. 1/2022: Transactions by Persons Discharging Managerial Responsibilities

Annual Report 2013: 11 bit studios

Recommendation of the Management Board Regarding Net Profit Distribution for 2023

Current Report No. 1/2023: Publication Dates of Periodic Reports

Szacunkowe wyniki finansowe za I półrocze 2022 r.

Szacunkowe wyniki finansowe za rok obrotowy 2022

Current Report No. 10/2023: Change of Date for Submission of Annual Reports for 2022

Current Report No. 18/2023: Initiation of Negotiations for a Credit Agreement with Bank Polska Kasa Opieki S.A.

Conditional Registration of Series G Bearer Shares: Report 48/2023

Raport Bieżący Nr 8/2024: Podjęcie Decyzji o Zaniechaniu Dalszych Prac Nad Projektem Dagger

Zakończenie subskrypcji akcji serii F PCF Group S.A.

Current Report No. 29/2023: Change in Shareholding of Sebastian Wojciechowski

List of Proposed Changes to the Articles of Association: PCF Group S.A.

Current Report No. 34/2023: Admission and Introduction to Trading of Series E and F Bearer Shares

Current Report No. 40/2023: Execution of Agreements for Series G Share Subscription of PCF Group S.A.

Terminy publikacji raportów okresowych: PCF Group S.A. 2024

Annual Report 2012: 11 bit studios S.A.

Raport Bieżący Nr 41/2023: Zawarcie Ugody z OÜ Blite Fund

Annual Report 2017: 11 bit studios

Raport Bieżący Nr 54/2023: Zawarcie Umowy na Realizację Nowego Projektu