Fundusz Stabilnego Rozwoju acquired 246,465 newly issued Series F shares in Movie Games S.A. on August 21, 2017.
The investment was valued at approximately 1,998,831 PLN, with shares priced at 8.11 PLN each.
Upon registration of the share capital increase, Fundusz Stabilnego Rozwoju will hold a 10% stake in Movie Games S.A.
The transaction is part of a broader strategy by PlayWay S.A. to strengthen the financial foundation of its affiliated development studios.
This capital injection reflects ongoing consolidation and investment activity within the PlayWay ecosystem during the third quarter of 2017.
The disclosure was made in compliance with Article 17, Paragraph 1 of the Market Abuse Regulation regarding inside information.
PlayWay S.A. formalized a significant investment in Movie Games S.A. through a share subscription agreement executed on August 21, 2017. This transaction involved the Fundusz Stabilnego Rozwoju, a limited liability company based in Warsaw, acquiring 246,465 newly issued Series F shares in Movie Games S.A. The shares were issued at a price of 8.11 PLN per share, resulting in a total investment value of approximately 1,998,831 PLN.
This strategic move ensures that upon the formal registration of the share capital increase by the National Court Register, the Fundusz Stabilnego Rozwoju will hold a 10% stake in the total share capital of Movie Games S.A. The acquisition represents a targeted expansion of the capital structure within the Polish game development sector, specifically involving entities headquartered in Warsaw.
The disclosure follows the regulatory requirements set forth in Article 17, Paragraph 1 of the Market Abuse Regulation regarding inside information. It serves as a follow-up to previous corporate communications issued earlier in August 2017, confirming the execution of the investment terms. The transaction highlights the ongoing consolidation and investment activity within the PlayWay ecosystem during the third quarter of 2017, focusing on strengthening the financial foundation of its subsidiary or affiliated development studios.
