PlayWay S.A. has fully divested its interest in Big Cheese Studio S.A. by selling its entire 53.27% stake.
See it on page 1The transaction involved the sale of 2,202,736 shares at a price of 14.15 PLN per share.
See it on page 1The accelerated bookbuilding process and subsequent share transfer were finalized on July 26, 2024.
See it on page 1Following the settlement, PlayWay S.A. no longer holds any voting rights or equity in the Łódź-based developer of the Cooking Simulator franchise.
See it on page 1The sale was executed on the Warsaw Stock Exchange in compliance with European Union Market Abuse Regulations.
See it on page 1The offering was geographically restricted, excluding investors in the United States, Australia, Canada, South Africa, and Japan.
See it on page 2PlayWay S.A. has successfully concluded the accelerated bookbuilding process for its entire remaining stake in Big Cheese Studio S.A., a developer listed on the Warsaw Stock Exchange. This transaction, finalized on July 26, 2024, marks a significant divestment for PlayWay, as it exits its position in the subsidiary entirely. The sale involved 2,202,736 dematerialized shares, representing 53.27% of the total share capital and voting rights in the Łódź-based studio.
The sale price was established at 14.15 PLN per share. Following the settlement of this transaction, PlayWay S.A. will no longer hold any shares in Big Cheese Studio S.A. The transaction was executed on the same day the bookbuilding process was completed. This move follows a previous regulatory announcement issued earlier that day regarding the commencement of the sale process.
The scope of this financial action is focused on the Polish capital market, specifically the regulated market of the Warsaw Stock Exchange. The disclosure emphasizes that the transaction was conducted in compliance with European Union Market Abuse Regulations (MAR) regarding inside information. Furthermore, the offering was restricted geographically, excluding jurisdictions such as the United States, Australia, Canada, South Africa, and Japan, where such a distribution would require additional registration or legal compliance. The transaction serves as a strategic realignment for PlayWay S.A., liquidating its majority interest in the creator of the Cooking Simulator franchise.
