- 01
PlayWay S.A. President Krzysztof Kostowski has formally waived his right to subscribe to 66,000 new ordinary bearer shares allocated as performance-based compensation for the 2023 fiscal year.
- 02
The waiver of these shares, which carry a nominal value of 0.10 PLN each, effectively cancels the planned share issuance for the 2023 incentive program cycle.
- 03
Because the President was the sole individual eligible for the 2023 allocation, no other parties will be offered these shares, and the issuance process is now concluded.
- 04
The decision to forgo the equity rights ensures that the company’s planned share volume will not increase, preventing potential dilution of existing shares.
- 05
The Supervisory Board confirmed on July 18, 2024, that the conditions for executive share acquisition had been met, despite the subsequent voluntary forfeiture by the President.
- 06
This administrative action aligns with the regulatory guidelines established by the Ordinary General Meeting in June 2023 and the subsequent amendments from June 2024.