TFI Allianz Polska S.A. reduced its stake in 11 bit studios S.A. to 4.55% following a share sale executed on 30 September 2024.
The transaction involved the sale of 11,790 shares, decreasing the funds' total holding from 121,790 to 110,000 shares.
The reduction in shareholding caused the funds' voting power in 11 bit studios S.A. to drop from 5.04% to 4.55%.
The funds currently hold no affiliated entities with shares in the company and possess no restricted financial instruments that would impact voting rights.
The disclosure was issued to comply with Article 70(1) of the Polish Offer Act, as the stake fell below the 5% reporting threshold.
The notice, dated 2 October 2024, informs shareholders that TFI Allianz Polska S.A., acting on behalf of several Allianz‑managed funds, has reduced its stake in 11 bit studios S.A. through a sale of shares executed on 30 September 2024. Prior to the transaction, the funds held 121 790 shares, representing 5.04 % of the company’s share capital and an equal proportion of voting rights at the shareholders’ meeting. After the sale, their holding decreased to 110 000 shares, amounting to 4.55 % of the share capital and voting power.
The filing confirms compliance with Polish securities law, noting that the funds possess no affiliated entities holding shares in 11 bit studios and hold no restricted financial instruments that would affect voting calculations. Consequently, the total number of votes attributable to the funds is 110 000, corresponding precisely to 4.55 % of all votes at the meeting.
The announcement is issued by the board of 11 bit studios, with Przemysław Marszał as Chairman and Michał Drozdowski as board member. The communication serves to satisfy regulatory disclosure requirements under Article 70(1) of the Polish Offer Act, ensuring transparency regarding significant shareholdings that fall below the 5 % threshold following the sale.