April 28 (Reuters) - PCF Group SA PCF1.WA :
* SAID ON TUESDAY IT HAS SIGNED AN INVESTMENT DEAL WITH CANADA-BASED FIDUCIE FAMILIALE SAMUEL GIRARDIN 2020 (SELLER) ON PURCHASE OF 100% STAKE IN GAME ON CREATIVE FOR 29.4 MILLION ZLOTYS
* DEAL VALUE MAY BE ADJUSTED UPWARDS BY THE EARN-OUT DEPENDENT ON FUTURE FINANCIAL RESULTS OF GAME ON
* GAME ON SPECIALISES MAINLY IN THE PRODUCTION OF ANIMATION (IT HAS ITS OWN MOTION STUDIO CAPTURE ENABLING SIMULTANEOUS RECORDING OF THE CHARACTER ANIMATION, FACE ANIMATION AND RECORDING SOUND) AND AUDIO
* GAME ON IS ALSO A MULTIANNUAL PRODUCTION PARTNER OF PEOPLE CAN FLY STUDIO AND HAS PLAYED AN IMPORTANT ROLE IN THE CUTSCENES PRODUCTION PROCESS (CINEMATICS) FOR THE GAME "OUTRIDERS"
* THE INVESTMENT DEAL ALSO ASSUMES REINVESTMENT OF ALL FUNDS FROM THE SALE OF GAME ON SHARES BY THE SELLER IN THE COMPANY'S NEW ISSUE SHARES
* FOR THE PURPOSE OF REINVESTMENT, THE COMPANY OBLIGED TO CONVENE AN EXTRAORDINARY GENERAL MEETING TO ADOPT A RESOLUTION ON THE INCREASE OF COMPANY'S SHARE CAPITAL VIA ISSUE OF 0.4 MILLION D SERIES SHARES (ABOUT 1.29% STAKE) IN PRIVATE SUBSCRIPTION
* ISSUE PRICE FOR D SERIES SHARES IS SET AT 75.75 ZLOTYS PER SHARE
* THE PURCHASE OF ALL GAME ON SHARES IS A PART OF EXECUTION OF GROUP'S DEVELOPMENT STRATEGY AND ITS AIM IS TO STRENGTHEN GROUP'S COMPETENCE IN THE FIELD OF CREATING AAA TITLES AND THE POSSIBILITY OF IMPLEMENTING SEVERAL DEVELOPMENT PROJECTS AT THE SAME TIME