PCF Group

Game Co.

601 documents

Documents

Raport Bieżący Nr 26/2021: Zawarcie Umowy Objęcia Akcji Zwykłych na Okaziciela Serii D

The report announces that on 31 May 2021 the board of PCF Group S.A. entered into an agreement to acquire 387,714 ordinary shares of Series D from Fiducie Familiale Samuel Girardin 2020, a trust based in Montreal. The transaction was executed pursuant to the company’s extraordinary general meeting resolution dated 24 May 2021 and follows earlier interim reports issued on 27 April, 4 May, and 24 May 2021. The purchase price was set at PLN 75.75 per share, resulting in a total consideration of PLN 29,369,335.50 (twenty‑nine million three hundred sixty‑nine thousand three hundred thirty‑five zlotys and fifty groszy). The shares were acquired at the issue price, confirming that the company has fully subscribed the offering. The report states that a separate communication will be issued once the issuance process is complete, providing further details on the finalization of the Series D share offering. The information is provided under EU Regulation 596/2014 on market abuse, ensuring compliance with disclosure obligations for significant share transactions. The report covers the Polish jurisdiction and pertains specifically to PCF Group S.A.’s equity issuance activities within the stated period.

investment funding europe

PCF Group

Report

Current Report No. 36/2021: Admission and Introduction to Trading on the Regulated Market

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.

investment ipo europe

PCF Group

Report

Omówienie Wyników Finansowych Q3 2021

The presentation outlines PCF Group S.A.’s financial performance for the third quarter of 2021, emphasizing a significant revenue surge and robust profitability. Total group revenues reached PLN 131.8 million, up 66.2 % year‑over‑year, driven primarily by game sales and outsourcing services. EBITDA rose to PLN 54.9 million, a 99.6 % increase, while net profit climbed to PLN 46.4 million, up 112.6 %. Workforce expanded by 62.7 %, reaching 260 employees, reflecting accelerated development activity across multiple studios in Poland, the United States, and Canada. The group’s balance sheet strengthened markedly: equity grew to PLN 241.6 million (+215.7 %), total assets rose to PLN 292.8 million (+206 % of liabilities), and cash reserves surged to PLN 149.8 million (+262.6 %). Operational highlights include the launch of Outriders New Horizon, which generated a 1,000‑player spike and an 80 % positive review rate on Steam, reinforcing the company’s reputation for high‑quality releases. The portfolio strategy now targets annual self‑published titles, with new IPs such as Gemini Dagger slated for 2024. Outsourcing revenue increased by 69.7 % to PLN 150 million, while outsourcing costs rose modestly to PLN 35.2 million, maintaining a healthy margin. Geographically, the group operates studios in Warsaw, London, Montreal, Chicago, and New York, with a global workforce of 500 developers, QA, and support staff. The financial data cover Q3 2021, with comparative figures for Q3 2020 and a year‑end 2020 baseline. Methodologically, figures derive from audited financial statements under IFRS, with adjusted EBITDA reflecting non‑recurring items. The presentation serves as an informational update rather than a sales or investment recommendation, noting that forward‑looking statements are based on management expectations and subject to risk.

market-analysis investment europe

PCF Group

Report

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. The termination agreement specifies how financial obligations will be settled depending on the eventual release model of the title. If Project Dagger is released through self‑publishing by People Can Fly U.S., the company will pay royalties to Take‑Two on a quarterly basis until cumulative payments equal a predetermined repayment amount of $20 million. If the game is released with a new publisher, People Can Fly U.S. will repay the same $20 million in two equal installments due six and twelve months after launch. No repayment is required if the game never reaches commercial release, regardless of model. The agreement also confirms that Take‑Two did not exercise its option to acquire intellectual property rights under the original contract, and that the license granted to Take‑Two has expired. Consequently, People Can Fly U.S. retains exclusive ownership of Project Dagger’s intellectual property. Standard termination provisions accompany the agreement, covering general legal and procedural matters. The report covers a single geographic jurisdiction—both parties are headquartered in New York, USA—and pertains exclusively to the Project Dagger title within the video‑game development and publishing sector. No survey or external data sources are cited; the document is a straightforward corporate disclosure of contractual termination and financial settlement terms.

game-publishing mergers-acquisitions investment+1

PCF Group

Report

Raport Bieżący Nr 15/2024: Ogłoszenie Decyzji o Rozpoczęciu Przeglądu Opcji Strategicznych

PCF Group S.A. has formally initiated a comprehensive review of strategic options to evaluate potential pathways for supporting the long-term development of the company and its capital group. This process is designed to identify and assess various opportunities that could enhance the organization’s growth trajectory, including the potential acquisition of a financial or strategic investor. Furthermore, the review encompasses the possibility of executing corporate transactions that might result in structural changes to the company’s shareholding or capital base. The scope of this initiative involves active engagement and preliminary discussions with various external entities to explore potential partnerships or investment scenarios. While the company intends to provide selected parties with necessary information to facilitate these evaluations, the process remains in its preliminary stages. No specific outcomes, timelines, or definitive decisions have been established, and the company emphasizes that there is no guarantee that any particular strategic action will be finalized as a result of this review. Throughout the duration of this assessment, the group remains committed to its existing operational strategy and will continue to execute its current business objectives. Management intends to maintain transparency by disclosing further developments in accordance with regulatory requirements as the situation evolves. This strategic review reflects a proactive approach to capital management and corporate development within the gaming industry, aimed at securing the most advantageous future for the group’s stakeholders.

mergers-acquisitions investment europe

PCF Group

Report

Zakończenie subskrypcji akcji serii D

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.

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PCF Group

Report

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. The board has reviewed the proposed termination agreement, which includes a favourable modification of settlement terms for the parties. The proposal differentiates repayment amounts based on whether the game will be released via self‑publishing or through a new publisher, and it does not contain any clause suggesting that Take‑Two intends to exercise an intellectual‑property buy‑out option. During the first half of 2022, PCF Group completed all work specified in the original contract’s schedule and received full contractual remuneration. Despite ongoing negotiations, no new execution agreement has been signed to continue development of Project Dagger. Consequently, the board expects the contract to be terminated under terms essentially matching those in the proposed agreement. Under International Financial Reporting Standard 38, costs incurred for further development of Project Dagger will be capitalised as intangible assets. This accounting treatment is projected to materially affect the group’s financial results for the first half of 2022 and will continue to influence subsequent reporting periods as development proceeds under a self‑publishing model. The group remains committed to continuing Project Dagger’s development using internal funds, with the possibility of debt financing or partnership with a new publisher. The board will provide additional updates on the termination in accordance with applicable legal requirements.

game-development game-publishing investment+1

PCF Group

Report

Raport Bieżący Nr 12/2021: Ujawnienie opóźnionej informacji poufnej o utworzeniu spółki zależnej

The report discloses a delayed confidential disclosure concerning the creation of a subsidiary, People Can Fly Chicago, LLC (PCF Chicago), under PCF Group S.A. The disclosure follows the acquisition of the Phosphor Games development team on 23 April 2021. The subsidiary was formed under Delaware law on 6 April 2021, as part of a letter‑of‑intent transaction with Phosphor Studios and Phosphor Games, intended to facilitate the acquisition of the development team. The report explains that the creation of PCF Chicago does not guarantee the successful acquisition of the team, and that the subsidiary’s establishment was an intermediate step in a broader strategy. The delay in public disclosure, justified under Article 17(4) of the EU Market Abuse Regulation (MAR), was deemed necessary to protect the company’s legitimate interests. The board argued that premature release could have exposed ongoing negotiations, potentially harming deal terms and the company’s market value. Confidentiality was maintained through a monitored list of individuals with access, in compliance with Article 18 MAR. Upon publication, the company will notify the Polish Financial Supervision Authority of the delay and its justification. The document covers a single corporate action within Poland’s PCF Group, involving entities in the United States and Delaware. It is a regulatory filing dated 23 April 2021, reflecting the company’s compliance with EU market‑abuse rules and its strategic acquisition activities in the gaming sector.

mergers-acquisitions investment europe

PCF Group

Report

Current Report No. 23/2023: Investment Agreement Supplement Between Krafton, Inc. and PCF Group S.A.

The report announces that on 14 June 2023, Krafton, Inc. and PCF Group S.A., together with key shareholder Sebastian Wojciechowski, entered into a side‑letter to the investment agreement dated 28 March 2023. The side‑letter stipulates that if PCF Group increases its share capital by issuing up to 2 510 904 new shares before 31 December 2023, Krafton will have the right of first refusal to subscribe for shares that would bring its total holdings to 10 % of the capital and voting rights. The subscription price is fixed at PLN 40.20 per share, independent of the price set for other investors. The agreement does not obligate Krafton to purchase any shares, and the allocation of new shares to other investors remains unaffected. The document is a regulatory disclosure under EU Regulation 596/2014 and Polish securities law, intended solely for informational purposes. It contains extensive legal caveats restricting distribution outside the European Economic Area and prohibiting any promotional use of the information. The report clarifies that it is not an offer, does not constitute a prospectus, and is limited to qualified investors in the EU, UK, or U.S. under Rule 144A. No financial projections or performance guarantees are provided; the report includes forward‑looking statements subject to risk and uncertainty. The disclosure emphasizes that no manager or affiliated party assumes liability for the accuracy of the information, and any investment decisions must rely on independently verified data.

mergers-acquisitions investment funding+2

PCF Group

Report

Raport Bieżący Nr 8/2025: Zawarcie aneksu do umowy inwestycyjnej

PCF Group S.A. has formalized an amendment to its existing investment agreement with Krafton Inc. and company CEO Sebastian Wojciechowski, effective April 23, 2025. This legal update modifies the strategic partnership established in March 2023, specifically altering the contractual obligations regarding the future commercialization of two internal development initiatives, Project Victoria and Project Bifrost. The primary outcome of this amendment is the waiver of specific preferential rights previously granted to Krafton Inc. Under the original terms, the investor held a right of first negotiation and a right of first refusal concerning any third-party publishing agreements for these two projects. By relinquishing these rights, the company gains greater flexibility to pursue alternative publishing models, including potential partnerships outside of the self-publishing framework, without being bound by the investor’s prior veto or negotiation priority. This adjustment applies exclusively to the governance and commercialization rights of the specified projects within the company’s current development pipeline. All other terms and conditions stipulated in the original 2023 investment agreement remain in full force and effect. This development reflects a strategic shift in the company’s operational autonomy regarding its intellectual property, allowing for broader market engagement as these projects progress toward potential release.

investment mergers-acquisitions europe

PCF Group

Raport Bieżący Nr 26/2021: Zawarcie Umowy Objęcia Akcji Zwykłych na Okaziciela Serii D

Current Report No. 36/2021: Admission and Introduction to Trading on the Regulated Market

Omówienie Wyników Finansowych Q3 2021

Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement

Skonsolidowany Raport Półroczny: H1 2025

Raport Bieżący Nr 15/2024: Ogłoszenie Decyzji o Rozpoczęciu Przeglądu Opcji Strategicznych

Zakończenie subskrypcji akcji serii D

Current Report No. 19/2022: Termination of Collaboration with Take-Two Interactive Software, Inc.

Raport Bieżący Nr 12/2021: Ujawnienie opóźnionej informacji poufnej o utworzeniu spółki zależnej

Current Report No. 23/2023: Investment Agreement Supplement Between Krafton, Inc. and PCF Group S.A.

Consolidated Quarterly Report: Q3 2023

Raport Bieżący Nr 8/2025: Zawarcie aneksu do umowy inwestycyjnej

PCF Group

Documents