Legal11 bit studios
Znaczne Pakiety Akcji – Zmiana Stanu Posiadania
20 Feb 20241 pages~1 min full read
Przemysław Marszał, President of 11 bit studios S.A., reduced his stake in the company on February 19, 2024, through a block trade transaction.
The divestment caused Marszał’s voting rights and share capital ownership to fall from 5.00% to 4.96%.
The reduction in ownership brings Marszał’s total holdings below the 5% threshold, which is a critical regulatory benchmark for public companies in Poland.
Following the transaction, Marszał’s total share count decreased from 120,863 to 120,003 shares.
The company formally disclosed this change on February 20, 2024, in compliance with Article 70, Item 1 of the Act on Public Offering.
This event represents a specific financial movement by a key executive rather than a shift in the company's overall business strategy.
The management board of 11 bit studios S.A., a prominent Polish game development studio based in Warsaw, announced a significant shift in its shareholding structure following a transaction executed on February 19, 2024. Przemysław Marszał, who serves as the President of the Management Board, reduced his stake in the company through a block trade transaction. This divestment resulted in his total voting rights falling below the 5% threshold, a critical regulatory benchmark for public companies listed on the Polish capital market.
Prior to this transaction, Przemysław Marszał held 120,863 shares, representing exactly 5.00% of the company’s share capital and an equivalent 5.00% of the total voting rights at the General Shareholders' Meeting. Following the disposal of a portion of his holdings, his ownership decreased to 120,003 shares. This adjustment brings his total stake to 4.96% of the share capital and 4.96% of the total votes.
This disclosure was made in compliance with Article 70, Item 1 of the Act on Public Offering, which mandates the reporting of changes in significant shareholdings. The notification highlights a minor but legally significant reduction in insider ownership within the executive leadership of 11 bit studios. The scope of this event is limited to the internal equity structure of the Warsaw-based developer and reflects a specific financial movement by a key executive rather than a broader market trend or a change in company strategy. The data provided is based on official notifications received by the company on February 20, 2024, ensuring transparency regarding the influence of major individual shareholders on the corporate governance of the studio.
