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Current Report No. 2/2022
PlayWay S.A., a prominent Polish video game developer and publisher, announced the appointment of Ludwik Sobolewski to its Supervisory Board on January 12, 2022.
- Ludwik Sobolewski was appointed to the PlayWay S.A. Supervisory Board on January 12, 2022, filling the vacancy left by Michał Kojecki’s resignation in late 2021.
- Sobolewski’s appointment is currently effective via board co-option and awaits final ratification at the next General Meeting of Shareholders.
- The appointee brings extensive capital market experience, having served as President of the Warsaw Stock Exchange (2006–2013) and CEO of the Bucharest Stock Exchange (2013–2017).
Apple Arcade Former Head of Content Reportedly Becomes New VP of PlayStation’s Mobile Division
This summary covers two distinct developments regarding Sony’s strategic shifts and legal challenges within the gaming industry.
- The 'Stop Killing Games' initiative has joined a class-action lawsuit in the Netherlands against Sony, alleging that the PlayStation Store artificially inflates digital game prices by an average of 47% compared to physical editions.
- Plaintiffs in the Dutch lawsuit claim that consumers in the Netherlands have overpaid approximately 435 million euros for digital games on the PlayStation Store since 2013.
- Activists argue that Sony’s planned cessation of physical game disc production by 2028 will create an illegal monopoly, and they are seeking compensation for affected gamers alongside the establishment of fair pricing and market alternatives.
Ubisoft at Risk of Losing Revenue and Talent in Wake of Abuse and Toxic Work Culture Allegations
Ubisoft has formally acknowledged that ongoing allegations of a toxic work culture and systemic abuse pose significant risks to its operational stability and financial performance.
- Ubisoft officially acknowledged in its 2021 Universal Registration Document that ongoing abuse and toxic work culture allegations pose a significant risk to its ability to attract and retain talent.
- The company identified that these internal cultural issues could lead to decreased gaming activity, lower revenue, and potential financial penalties.
- Management cited internal instability, including the firing of key top executives, as a primary cause for current delays in decision-making and the postponement of expenses.
Uchwała Nr 1 ZWZ PlayWay S.A. z dnia 15 Czerwca 2021
The 2020 fiscal year for PlayWay S.A. was characterized by significant financial growth and a strategic shift in accounting standards, as formalized during the Ordinary General Meeting held on June 15, 2021.
- PlayWay S.A. reported a standalone net profit of 84.1 million PLN and a consolidated net profit of 199.96 million PLN for the 2020 fiscal year.
- The company approved a dividend distribution of 12.74 PLN per share, resulting in a total payout of 84.08 million PLN.
- Effective January 1, 2021, PlayWay transitioned its financial reporting to International Financial Reporting Standards (IFRS/IAS) to improve transparency for international investors.
Curriculum Vitae: Bartosz Gras (PlayWay S.A.)
Bartosz Graś is a prominent legal expert and entrepreneur deeply integrated into the Polish gaming and technology sectors.
- Bartosz Graś is a key stakeholder in the PlayWay S.A. ecosystem, holding shares in over a dozen companies within the group.
- He co-founded Games Incubator S.A. and PWay Sp. z o.o., focusing on the development of the PWay token and the blockchain-based platform Need for a Game Idea.
- Graś has been active in the gaming industry since 1994 and contributed to the conceptualization of titles such as Car Detailing Simulator.
Formularz Do Wykonywania Prawa Głosu Przez Pełnomocnika na NWZ PlayWay S.A.
The Extraordinary General Meeting of PlayWay S.A., held on November 27, 2020, serves as a critical juncture for the company’s corporate governance and asset management strategy.
- PlayWay S.A. held an Extraordinary General Meeting on November 27, 2020, to authorize the divestment of key intellectual property and operational assets to third-party entities.
- The divestment plan includes the transfer of the mobile title Car Mechanic Simulator 18 and the Farm Manager franchise, specifically covering source code and assets for the 2018 and 2021 iterations.
- Shareholders voted on the reappointment of Krzysztof Kostowski as President and Jakub Władysław Trzebiński as Vice President of the Management Board.
Zyciorysy Czlonkow Zarzadu PlayWay S.A.
The leadership structure of PlayWay SA is defined by a management team with extensive experience in game development, distribution, and media relations within the Polish and global markets.
- PlayWay SA operates a massive corporate ecosystem consisting of over 70 subsidiary companies and multiple internal development teams.
- President Krzysztof Kostowski founded the company in 2011 to focus on game production and incubation, following his tenure as a leading Polish game distributor from 2002 to 2011.
- The company’s growth strategy is anchored in the successful development of simulation franchises, most notably Car Mechanic Simulator and House Flipper.
Raport Bieżący Nr 47/2020
The Extraordinary General Meeting of PlayWay S.A., a prominent Polish video game developer and publisher, convened on November 27, 2020, to formalize the leadership structure for the company’s upcoming term.
- PlayWay S.A. reappointed Krzysztof Kostowski as President and Jakub Trzebiński as Vice President of the Management Board during the Extraordinary General Meeting on November 27, 2020.
- The reappointments ensure leadership continuity for the Warsaw-based company, which functions as a central hub for multiple video game development studios.
- Both executives have formally declared they are not engaged in any competitive activities or roles outside of PlayWay S.A.
Resolution No. 1 of the Extraordinary General Meeting of PlayWay S.A. (27 November 2020)
The Extraordinary General Meeting of PlayWay S.A., held on November 27, 2020, in Warsaw, resulted in the adoption of eight key resolutions governing the company’s corporate structure and asset management.
- PlayWay S.A. authorized the transfer of intellectual property and assets for 'Car Mechanic Simulator 18' (mobile version) to Digital Melody Games.
- The Management Board received broad authority to transfer, sell, or contribute 'Farm Manager 2018' and 'Farm Manager 2021' assets to third-party entities.
- Krzysztof Kostowski was unanimously reappointed as President of the Management Board, with Jakub Władysław Trzebiński continuing as Vice President.
Projekty Uchwał na Nadzwyczajne Walne Zgromadzenie PlayWay S.A.
These draft resolutions for the Extraordinary General Meeting of PlayWay S.A., scheduled for November 27, 2020, in Warsaw, outline critical corporate restructuring and governance actions.
- PlayWay S.A. scheduled an Extraordinary General Meeting for November 27, 2020, to approve the divestment of two organized parts of the enterprise (ZCP1 and ZCP2).
- ZCP1 includes the mobile version of Car Mechanic Simulator 18, while ZCP2 comprises the Farm Manager 2018 and Farm Manager 2021 titles.
- The company intends to transfer these assets to third-party entities or contribute them as non-cash assets to other commercial companies to secure external financing and improve marketing strategies.
Uzupełniająca Informacja Zarządu: Wybór Firmy Audytorskiej 2018
The management board of PlayWay S.A. confirms the formal selection and appointment of 4 Audyt sp. z o.o., based in Poznań, to conduct the audit of the consolidated financial statements for the PlayWay Capital Group for the fiscal year ending December 31, 2018.
- PlayWay S.A. appointed 4 Audyt sp. z o.o. to audit the consolidated financial statements of the PlayWay Capital Group for the fiscal year ending December 31, 2018.
- The selection of the Poznań-based auditing firm was formally disclosed in June 2019 to ensure compliance with Polish regulatory requirements for public securities issuers.
- The appointment process adhered to statutory independence and impartiality standards, including mandatory rotation periods for both the auditing entity and the key certified auditor.
Uchwała Nr 1/25/06/2019 Zwyczajnego Walnego Zgromadzenia
The Ordinary General Meeting of PlayWay SA, convened on June 25, 2019, formalizes the company’s financial performance and corporate governance outcomes for the 2018 fiscal year.
- PlayWay SA shareholders approved a dividend payout of 16.434 million PLN, or 2.49 PLN per share, for the 2018 fiscal year.
- The company reported a 2018 consolidated net profit of 47.02 million PLN and total assets valued at 121.81 million PLN.
- The standalone entity for PlayWay SA generated a net profit of 16.371 million PLN in 2018.