Brief: PCF Group Aims To Develop 6 Games Over Next Four Years Under Strategy Update

PCF SA

31/01/2023 16:36

Jan 31 (Reuters) - PCF Group SA  PCF1.WA :
    * UPDATES STRATEGY
    * AIMS TO DEVELOP 6 GAMES OVER NEXT FOUR YEARS
    * AIMS TO EXTEND ITS EXPERTISE TO LIVE ONLINE GAMES
INCLUDING BOTH
PVE (PLAYER VERSUS ENVIRONMENT) AND PVP (PLAYER VERSUS PLAYER)
EXPERIENCES
    * PLANS TO INVEST FURTHER IN PCF FRAMEWORK, ONLINE BACKEND
PLATFORM AND ITS GAAS CLOUD INFRASTRUCTURE
    * WILL IMPLEMENT VARIETY OF MONETIZATION MODELS IN CO'S
SELF-PUBLISHED GAMES
    * PLANS TO EXPAND ITS DEVELOPMENT TEAMS, WITH EMPHASIS ON
RECRUITING AND DEVELOPING TOP-TIER TALENT
    * PLANS AN INCENTIVE PROGRAMME FOR YEARS 2023-2027
    * INTENDS TO EXPLORE NEW BUSINESS AREAS LEVERAGING GROUP’S
BRAND,
EXPERTISE, AND IP BY INVESTING IN ADDITIONAL SEGMENTS OF
ENTERTAINMENT INDUSTRY AND TRANSMEDIA
    * SETS GOAL TO GENERATE CUMULATIVE REVENUE OF AT LEAST 3.00
BILLION ZLOTYS IN YEARS 2023-2027
    * WHILE PROJECT THUNDER IS SET TO LAUNCH IN 2023, COMPANY
DOES NOT
CURRENTLY PLAN TO RELEASE ANY FULL, STAND-ALONE GAME IN 2024
    * TO COVER EXPENSES RELATED WITH NEW STRATEGY, PLANS TO
RAISE
FUNDS FROM A NEW ISSUE OF SHARES OF ABOUT BETWEEN 205 MILLION
ZLOTYS TO 295 MILLION ZLOTYS
    * RESOURCES OBTAINED FROM NEW ISSUE OF SHARES WILL BE
ALLOCATED IN
FULL TOWARDS INCREASING SIZE OF PRODUCTION TEAMS TO APPROPRIATE
PRODUCTION LEVELS FOR PROJECTS DAGGER, BIFROST AND VICTORIA
    * MANAGEMENT DOES NOT ENVISAGE RECOMMENDING PAYMENT TO
GENERAL
MEETING DIVIDENDS UNTIL COMPANY ACHIEVES REVENUES, PROFITS AND
POSITIVE INCOME CASH FLOWS FROM PLANNED SELF-PUBLISHING
ACTIVITIES, I.E. NO EARLIER THAN IN RELATION TO PROFITS
GENERATED FOR FINANCIAL YEAR 2025
    * UNDER PLANNED INCENTIVE PROGRAMME FOR 2023-2027 TO ALLOW
ELIGIBLE INDIVIDUALS TO ACQUIRE UP TO 1.2 MILLION SHARES (4.13%
OF CO'S CURRENT SHARE CAPITAL)
    * 2023-2027 INCENTIVE PROGRAMME CONDITIONAL TO GROUP
GENERATING A
CUMULATIVE EBITDA OF 1.5 BILLION ZLOTYS DURING THIS PERIOD
    * 2023-2027 INCENTIVE PROGRAMME WILL NOT DILUTE EXISTING
SHAREHOLDERS
    * AFTER EXCEEDING 80% OF TARGET FOR CUMULATIVE EBITDA, 50%
OF SAID
SHARES TO BE ALLOCATED TO ELIGIBLE INDIVIDUALS
    * REMAINING SHARES TO BE ALLOCATED ALONG WITH INCREASE OF
CUMULATIVE EBITDA UNTIL REACHING 100% OF SAID TARGET

Source text for Eikon:  ID:nEM4BPgPYa 
Further company coverage:  PCF1.WA 
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