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Current Report No. 11/2022: Management Board Recommendation Regarding Profit Distribution for 2021
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.
- PCF Group S.A. reported a 2021 net profit of PLN 41,751,983.35.
- The Board recommended a dividend payout of PLN 8,086,561.02, representing approximately 19.37% of the 2021 net profit.
- Shareholders will receive a dividend of PLN 0.27 per share, with a declaration date of 8 July 2022 and a payment date of 3 August 2022.
Current Report No. 19/2022: Termination of Collaboration with Take-Two Interactive Software, Inc.
The report informs that on 23 September 2022 the board of PCF Group S.A. received a letter from Take-Two Interactive Software, Inc., indicating its intention to terminate the production-publishing agreement dated 21 July 2020 for the title Project Dagger.
- Take-Two Interactive Software, Inc. notified PCF Group S.A. on 23 September 2022 of its intent to terminate the July 2020 production-publishing agreement for Project Dagger.
- PCF Group retains full intellectual property rights for Project Dagger, as the proposed termination agreement contains no buy-out clause for Take-Two.
- PCF Group completed all contractual work and received full remuneration for Project Dagger through the first half of 2022.
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.
- PCF Group S.A. will release its 2022 individual and consolidated annual financial reports on April 27, 2023.
- The company is scheduled to publish its consolidated Q1 2023 report on May 29, 2023, and its consolidated Q3 2023 report on November 27, 2023.
- The consolidated half-year report for 2023 is slated for publication on September 21, 2023.
Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement
The report announces that on October 1, 2022, People Can Fly U.S., LLC and its parent PCF Group S.A. entered into a termination agreement with Take-Two Interactive Software, Inc., ending the 2020 production and publishing contract for Project Dagger.
- People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.
- People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.
- If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.
Zwiększenie zaangażowania kapitałowego PCF Group S.A. w spółkę Incuvo S.A.
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.
- PCF Group S.A. is increasing its stake in subsidiary Incuvo S.A. from 50.01% to approximately 62.25% of total capital and voting rights.
- The transaction involves PCF Group issuing 136,104 new Series E shares, valued at PLN 6,278,477.52, to Incuvo CEO Andrzej Wychowańcy and Vice-Chairman Radomir Kucharski.
- In exchange for the new PCF shares, the two executives are transferring a combined 1,748,878 shares of Incuvo to PCF Group, representing roughly 12.24% of Incuvo's capital.
Aktualizacja strategii PCF Group S.A. oraz Grupy People Can Fly
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.
- On 31 January 2023, the board of PCF Group S.A. and People Can Fly adopted a revised growth strategy to update the previous objectives established in September 2021.
- The updated strategy prioritizes expanding market presence, enhancing product development pipelines, and improving financial performance through cost optimization and capital allocation.
- The group has integrated sustainability initiatives, digital transformation, and talent development programs as core operational priorities across its portfolio.
Current Report No. 6/2023: Issuance of Shares as Part of Target Capital Increase
The report announces that on 10 February 2023 the board of PCF Group S.A., headquartered in Warsaw, approved a capital-increase resolution.
- PCF Group S.A. approved a capital increase on 10 February 2023 through the issuance of new Series E ordinary bearer shares.
- The capital injection is strategically intended to increase PCF Group’s equity stake in its Katowice-based subsidiary, Incuvo S.A.
- Existing shareholders have been denied pre-emptive rights to purchase the newly issued Series E shares.
Current Report No. 11/2023: Disclosure of Delayed Inside Information
The report discloses that PCF Group S.A.’s board initiated negotiations on 19 March 2023 with Krafton, Inc. or its affiliated entity to acquire shares in a capital increase approved by an extraordinary general meeting on 28 February 2023.
- PCF Group S.A. entered negotiations with Krafton, Inc. on 19 March 2023 regarding a potential capital increase that would grant Krafton a 10% stake in the company.
- The proposed deal includes the potential for future collaboration between PCF Group and Krafton on specific game titles.
- PCF Group delayed the public disclosure of these negotiations from 19 March to 28 March 2023, citing the need to protect negotiation dynamics under Article 17(4) of the MAR Regulation.
Raport Bieżący Nr 12/2023: Zawarcie Umowy Inwestycyjnej z Krafton, Inc.
The document announces that Krafton, Inc. has entered into an investment agreement to acquire shares of PCF Group S.A. under a capital increase authorized by the extraordinary general meeting, allowing up to 5 853 941 new ordinary shares of series F at a nominal value of PLN 0.02 each.
- Krafton, Inc. is acquiring a 10% equity stake in PCF Group S.A. through the issuance of 5,853,941 new series F ordinary shares.
- The investment is priced at PLN 40.20 per share, granting Krafton 10% of the company’s total voting rights.
- Krafton holds rights of first negotiation and first refusal on future PCF Group projects, specifically Project Victoria and Project Bifrost, if they are not self-published.
Current Report No. 14/2023: Initiation of Negotiations for a Development and Publishing Agreement
The report announces that PCF Group S.A., a Warsaw-based developer, has decided to enter negotiations for a Development and Publishing Agreement with a well-known publisher.
- PCF Group S.A. has entered formal negotiations for a development and publishing agreement with a prominent industry publisher following a proposal received on 19 May 2023.
- The proposed partnership follows a work-for-hire model, where PCF Group will develop a video game for the publisher in exchange for agreed remuneration.
- This initiative aligns with the company's strategic update from 31 January 2023, which prioritizes securing work-for-hire collaborations with reputable partners.
Raport bieżący nr 17/2023Rozpoczęcie procesu budowania księgi popytu w ramach oferty w trybie subskrypcji prywatnej emitowanych przez PCF Group S.A. nowych akcji zwykłych na okaziciela Serii F oraz zawarcie umowy na potrzeby przeprowadzenia oferty oraz umowy o ograniczeniu zbywania akcji Spółki
The document announces the initiation of a private subscription process for up to 5,853,941 Series F ordinary shares issued by PCF Group S.A.
- PCF Group S.A. has initiated a private subscription process for up to 5,853,941 new Series F ordinary shares.
- The offering is restricted to qualified investors, defined as those holding at least 0.25% of voting rights or possessing a minimum of €100,000 in eligible securities.
- Trigon Dom Maklerski S.A. and Trigon Investment Banking have been engaged to manage the execution of the subscription process.
Raport Bieżący Nr 20/2023: Ustalenie Liczby Oraz Ceny Emisyjnej Akcji Serii F
The report discloses that PCF Group S.A., following an extraordinary shareholders’ resolution, completed a demand-building process for its Series F ordinary shares on 1 June 2023.
- PCF Group S.A. is issuing 3,343,037 new Series F ordinary shares at a fixed price of 40.20 PLN per share.
- The majority of the issuance, totaling 3,342,937 shares, is allocated to Krafton, Inc. under a pre-existing investment agreement.
- The demand-building process for the Series F shares was officially completed on 1 June 2023.