PlayWay 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.