PlayWay S.A. reported a net profit of 144,005,978.33 PLN for the 2023 fiscal year, representing a significant increase from the 114,800,486.21 PLN profit recorded in 2022.
See it on page 1The Supervisory Board approved the issuance of 66,000 new ordinary bearer shares to President Krzysztof Kostowski at an issue price of 0.10 PLN per share following the achievement of performance targets.
See it on page 2Krzysztof Kostowski is subject to a 24-month lock-up period on the newly issued shares, prohibiting their sale to ensure alignment with long-term shareholder interests.
See it on page 2The company met its operational milestone of acquiring five new game projects: Medieval Farmer Simulator, Holstin, Noble's Life: Kingdom Reborn, Heavy Duty Construction, and Flight Catastrophe.
See it on page 1The Management Board is required to adopt a formal resolution to increase the company's share capital within 30 days of the July 2024 announcement to finalize the share allotment.
See it on page 2This regulatory report, issued by Warsaw-based game publisher PlayWay S.A. in July 2024, details the implementation of the company’s Incentive Program for Management Board members following the 2023 fiscal year. The primary purpose of the document is to confirm that the President of the Management Board, Krzysztof Kostowski, met the specific financial and operational performance criteria required to trigger the issuance of new incentive shares.
The findings highlight a significant year-over-year financial improvement for the company. PlayWay reported a net profit of 144,005,978.33 PLN for 2023, a substantial increase from the 114,800,486.21 PLN earned in 2022. Beyond financial metrics, the program required the fulfillment of operational milestones, specifically the acquisition of at least five new, original game projects. The report confirms these targets were met through the addition of Medieval Farmer Simulator, Holstin, Noble's Life: Kingdom Reborn, Heavy Duty Construction, and Flight Catastrophe to the company's portfolio.
As a result of meeting these conditions, the Supervisory Board approved the issuance of 66,000 new ordinary bearer shares to Krzysztof Kostowski at an issue price of 0.10 PLN per share. To ensure long-term alignment with shareholder interests, the participant is bound by a 24-month lock-up period, during which the newly acquired shares cannot be sold. The Management Board is scheduled to adopt a formal resolution to increase the share capital within 30 days of this announcement to finalize the share allotment.
