Legal

Raport Bieżący ESPI Nr 11/2025

31 July 20252 pages809 words

Summary

PlayWay S.A. has formally confirmed the fulfillment of performance criteria for its Management Board Incentive Program for the 2024 fiscal year. Following a resolution by the Supervisory Board on July 30, 2025, the company verified that President Krzysztof Kostowski met all necessary financial and operational benchmarks. This confirmation triggers the issuance of new shares as part of the executive compensation structure within the Polish game development and publishing sector. The financial threshold for the program required the company to exceed its previous year's performance. PlayWay reported a net profit of 148,914,053.19 PLN for 2024, representing an increase of approximately 4.9 million PLN over the 144,005,978.33 PLN earned in 2023. Beyond financial metrics, the eligibility criteria included the continuous holding of office through June 30, 2025, and the successful acquisition and supervision of at least five new, original game projects. Specific titles credited to this achievement include Recycling Center Simulator, 30 Days on Ship, Laundry Store Simulator, Gym Manager, and Supermarket Horizon. As a result of these achievements, Krzysztof Kostowski is entitled to subscribe to 66,000 new ordinary bearer shares at an issue price of 0.10 PLN per share. A participation agreement signed on July 31, 2025, mandates a 24-month lock-up period, during which the participant is prohibited from selling the newly acquired shares. The company plans to increase its share capital within the limits of its authorized capital to facilitate this issuance within 30 days, pending the formal registration of statutory changes regarding authorized capital. This action reflects the company's ongoing strategy of aligning executive incentives with long-term shareholder value and portfolio expansion.

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