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Current Report No. 13 /2025: Resolutions passed by 11 bit studios Annual General Meeting on June 12th 2025
The Annual General Meeting of 11 bit studios S.A., held on June 12th, 2025, in Warsaw, resulted in the formal adoption of several key corporate resolutions essential for the company’s governance and operational continuity. As a publicly traded entity on the Warsaw Stock Exchange, the company executed these proceedings in accordance with the Public Offering Act, ensuring transparency regarding its internal decision-making processes and legal compliance. The meeting served as a primary forum for shareholders to exercise their voting rights on matters central to the firm's strategic direction and financial oversight. The scope of the resolutions covers the fiscal and administrative activities of the company for the preceding period, focusing on the Polish gaming market and the firm's international development operations. While the specific text of each resolution is maintained in the corporate record, the proceedings typically encompass the approval of financial statements, the discharge of duties for members of the Management and Supervisory Boards, and the allocation of net profit or coverage of losses. These actions provide a legal foundation for the company’s executive leadership, including the President and Board Members, to proceed with the next phase of the studio's business cycle. Methodologically, the outcomes reflect the collective will of the shareholders present or represented at the meeting, with voting conducted according to the company’s articles of association. The formal publication of these results ensures that investors and industry analysts have access to the verified outcomes of the general assembly. By finalizing these resolutions, the company reinforces its corporate structure, allowing it to maintain its focus on the production and distribution of its specialized portfolio of meaningful entertainment titles within the global gaming industry.
11 bit studiosJun 2025
Legal
Resolutions Adopted by the Ordinary General Meeting of 11 bit studios S.A. on June 6, 2024
The Ordinary General Meeting of 11 bit studios S.A., held on June 6, 2024, formalized the company’s financial and operational standing following the 2023 fiscal year. Shareholders representing 40.05% of the share capital ratified financial statements showing a net profit of 525,609 PLN and total assets of 258.3 million PLN. This profit was allocated entirely to supplementary capital, alongside 5.71 million PLN from a dissolved reserve fund previously earmarked for management loans. The assembly granted full discharge to both Management and Supervisory Board members for their 2023 performance, signaling broad institutional confidence despite a modest year-over-year profit margin. Executive compensation structures were a primary focus, with the adoption of an updated Remuneration Policy designed to link management incentives to long-term stability. Under this framework, Management Board bonuses are strictly performance-contingent, capped at five times the fixed salary and calculated as a percentage of net profit—specifically 6% if earnings grow and 3% if they decline, with no bonus issued in the event of a loss. While the financial reports passed unanimously, the remuneration-related resolutions faced notable opposition, receiving approximately 16% to 17% of "against" votes from the represented shares. Strategic expansion was also codified through significant amendments to the company’s Articles of Association. The assembly approved a broadening of the corporate scope to include real estate management, technical publishing, educational activities, and the maintenance of telecommunication equipment. These changes, which will take effect upon registration in the National Court Register, suggest a diversification strategy beyond core game development into broader technical and administrative services. This evolution of the corporate statutes, combined with the strengthening of supplementary capital, positions the firm for a more complex operational footprint in the coming years.
11 bit studiosJun 2024
Legal
Announcement of the Ordinary General Meeting of 11 Bit Studios S.A.
The Board of Directors of 11 bit studios S.A. has formally convened an Ordinary General Meeting of shareholders scheduled for June 6, 2024. The meeting is set to take place at the company’s corporate headquarters in Warsaw, Poland, beginning at 11:00 AM. This announcement serves as a regulatory requirement under Polish law regarding public offerings and the conditions for introducing financial instruments into organized trading. The primary objective of this assembly is to address standard corporate governance matters typical for an annual general meeting. While the specific financial results are not detailed in the announcement text, the meeting will involve the review and adoption of resolutions concerning the company’s operations and fiscal performance. The scope of the meeting covers the entirety of the 11 bit studios S.A. corporate entity, focusing on its standing within the global video game development and publishing industry. Accompanying documentation provided for shareholders includes the full text of the announcement, draft resolutions, power of attorney templates, and necessary participation forms. These materials are made available through the company’s dedicated investor relations portal to ensure transparency and compliance with statutory disclosure obligations. The announcement is signed by the President of the Management Board, Przemysław Marszał, and Board Member Grzegorz Miechowski, confirming the official nature of the summons and the company's adherence to established regulatory frameworks for listed entities in Poland.
11 bit studiosMay 2024
Legal
Resolutions Adopted by the Ordinary General Meeting — 11 bit studios S.A. (June 2013)
The Ordinary General Meeting of Shareholders for 11 bit studios S.A., held on June 20, 2013, in Warsaw, resulted in the adoption of twenty-three resolutions governing the company’s financial oversight and corporate governance. The primary purpose of the meeting was to approve the financial results for the 2012 fiscal year, discharge company leadership from their duties, and restructure the Supervisory Board. Financial disclosures for the period ending December 31, 2012, reveal that the company achieved a net profit of 1,344,700.33 PLN, with total assets valued at 7,336,527.82 PLN. Shareholders voted to allocate the entirety of the 2012 net profit to the company’s reserve capital. Following the review of the Management Board's activity report and the auditor's opinion, the assembly granted discharge to all members of the Management Board, including President Grzegorz Miechowski, and the sitting members of the Supervisory Board for their performance during the 2012 financial year. The meeting also established a new composition for the Supervisory Board, fixing the number of members at five. Through secret ballots, Martin John Balawajder, Piotr Sulima, Szymon Kowalczyk, Radosław Marter, and Agnieszka Maria Kruz were appointed to the board, with Martin John Balawajder selected as Chairman. Furthermore, the assembly set the annual remuneration for the Chairman at 3,000 PLN and for other board members at 1,500 PLN, payable within 30 days of the close of the fiscal year. These resolutions were enacted in accordance with the Polish Commercial Companies Code and the company’s internal statutes.
11 bit studiosJun 2013