Legal11 bit studios
Komunikat o Przekroczeniu Progu: TFI Allianz Polska
6 Jul 20222 pages~3 min full read
Following the July 1, 2022, merger between TFI Allianz Polska S.A. and Aviva Investors Poland TFI S.A., the consolidated entity now holds 8.69% of the share capital and voting rights in 11 bit studios S.A.
The merger resulted in the Allianz group controlling 206,773 shares of 11 bit studios S.A., up from the 81,240 shares (3.41%) previously held by TFI Allianz Polska S.A. alone.
The increase in ownership is the direct result of TFI Allianz Polska S.A. absorbing the assets and voting rights previously managed by Aviva Investors Poland TFI S.A.
The disclosure confirms that the 8.69% stake is held directly, with no additional shares held by subsidiaries or through financial instruments that could trigger further changes in voting rights.
This administrative shift represents a consolidation of institutional investment within the Polish video game sector, specifically impacting the ownership structure of 11 bit studios S.A.
TFI Allianz Polska S.A. issued a formal notification regarding a significant change in its shareholding in the Polish game development company 11 bit studios S.A. following a corporate merger. The primary purpose of the communication is to fulfill legal disclosure requirements under the Polish Act on Public Offering, specifically concerning the crossing of ownership thresholds in a public company. The change was triggered by the merger of TFI Allianz Polska S.A. with Aviva Investors Poland TFI S.A., which took place on July 1, 2022.
Prior to the merger, funds managed by TFI Allianz Polska S.A. held 81,240 shares, representing 3.41% of the share capital and total voting rights of 11 bit studios S.A. Following the absorption of Aviva Investors Poland TFI S.A., the consolidated entity’s stake increased significantly. The combined funds now control 206,773 shares, which equates to 8.69% of the company’s share capital and an identical 8.69% of the total votes at the general meeting. This consolidation effectively transfers the voting rights previously held by Aviva Investors to the Allianz group.
The scope of this disclosure is limited to the Polish capital market and specifically concerns the institutional investment segment within the video game industry. The notification confirms that there are no subsidiaries holding additional shares, nor are there any financial instruments involved that could lead to further changes in voting rights. This administrative shift reflects a broader consolidation within the Polish financial sector, impacting the ownership structure of one of the country's prominent game developers.
