Two Notifications Under MAR Article 19

The management board of 11 bit studios S.A., a prominent Polish game developer and publisher, issued a formal regulatory disclosure on December 23, 2024, regarding insider trading activity. The communication serves to fulfill legal obligations under Article 19 of the Market Abuse Regulation (MAR), which mandates the public reporting of transactions involving company securities conducted by persons discharging managerial responsibilities or their closely associated entities. This specific notification confirms the acquisition of company shares by Marcin Kuciapski, a member of the Supervisory Board, and PAI F.R., an entity closely linked to him.

The scope of the disclosure is centered on the Warsaw Stock Exchange and pertains specifically to the equity structure of 11 bit studios S.A. during the late December 2024 period. While the summary report confirms the occurrence of these transactions, it functions as a high-level administrative notification intended to maintain market transparency and ensure compliance with European Union financial regulations. The involvement of a Supervisory Board member in purchasing shares typically signals internal confidence in the company’s long-term value or strategic direction, particularly following major product releases or during specific fiscal cycles.

The methodology for this disclosure relies on the mandatory self-reporting requirements for insiders, where the individuals involved must notify both the issuer and the relevant national supervisory authority of their transactions. By formalizing these notifications through the management board, represented by Przemysław Marszał and Grzegorz Miechowski, the company ensures that all stakeholders have access to information regarding changes in the shareholding patterns of its leadership. This transparency is a standard requirement for publicly traded entities in the gaming sector to prevent information asymmetry and uphold market integrity.