PCF Group

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 16 August 2021, explains that PCF Group S.A. has not received any royalty payments from Square Enix Limited for the game “Outriders.” According to the production‑and‑publishing agreement signed on 16 February 2016, royalties are payable only after the publisher recovers a specified level of production, distribution and promotion costs from net sales. The agreement also sets a 45‑day payment window following the end of each calendar quarter. That deadline expired on 14 August 2021, and PCF Group’s first working day thereafter yielded no payment. Consequently, the company concludes that the publisher has no obligation to pay royalties for the period covering 1 April 2021 through 30 June 2021. In addition, PCF Group reports that it has not received any sales figures, revenue data or cost information related to “Outriders” from the publisher up to the report’s date. The document serves as a formal notification under Article 17(1) of the MAR regulation, outlining the company’s position on unpaid royalties and lack of transparency from the publisher. No further financial or operational details are provided, and the report focuses solely on the contractual dispute over royalty payments for the specified quarter.

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.

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.