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Legal
Raport Bieżący ESPI Nr 13/2025
PlayWay S.A. has formalized the issuance of new equity to its leadership as part of a structured incentive program designed to align executive compensation with corporate performance. On September 30, 2025, the company entered into an agreement with Krzysztof Kostowski, the President of the Management Board, for the subscription of 66,000 Series J ordinary bearer shares. These shares were issued at a nominal price of 0.10 PLN per share, following a board resolution passed in August 2025 to increase the share capital within the limits of the authorized capital. This issuance specifically excluded pre-emptive rights for existing shareholders to facilitate the direct allocation of equity to key management personnel. The transaction serves as the final execution phase of the Management Board Incentive Program originally established by the General Meeting in June 2023 and subsequently amended in June 2024. The allocation of these shares is tied to the settlement of the incentive program for the 2024 fiscal year. To ensure long-term commitment and stability, the agreement includes a mandatory lock-up period. The President of the Management Board is prohibited from selling any of the newly acquired Series J shares for a duration of 24 months from the date of the subscription agreement. This corporate action reflects the ongoing governance strategy of the Warsaw-based game developer and publisher, focusing on internal equity-based rewards rather than external market acquisitions. The scope of the disclosure is limited to the internal capital structure of PlayWay S.A. and its executive leadership. By utilizing authorized capital and removing pre-emptive rights, the company has streamlined the process of rewarding its top executive while ensuring that the newly issued shares remain held by leadership for at least two years, thereby signaling confidence in the company’s future valuation to the broader market.
PlayWaySept 2025
Legal
ESPI Current Report No. 16/2025
PlayWay S.A. announced the successful completion of its Series J share subscription on September 30, 2025. This issuance was conducted as part of the company’s 2023–2025 Incentive Program for Management Board members, specifically addressing the settlement for the 2024 financial year. The transaction involved the private subscription of 66,000 ordinary bearer shares by Krzysztof Kostowski, the President of the Management Board. The shares were issued at a nominal price of 0.10 PLN per share, resulting in a total subscription value of 6,600 PLN. All shares were acquired through cash contributions. The issuance was executed under the authority of the Management Board to increase share capital within authorized limits, which included the total exclusion of pre-emptive rights for existing shareholders. The total costs associated with the issuance amounted to 9,010 PLN, which exceeded the total value of the shares issued. These costs included 1,015 PLN for offer preparation and 7,995 PLN for registration and listing fees. Consequently, the average cost per share for the subscription was approximately 0.14 PLN. PlayWay S.A. confirmed that these expenses would be accounted for as a reduction in the company’s supplementary capital. No costs were incurred for underwriting, prospectus preparation, or promotional activities, as the offer was directed solely to a single internal participant.
PlayWayOct 2025
Legal
Raport Bieżący ESPI Nr 11/2025
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.
PlayWayJul 2025
Legal
Current Report ESPI No. 2/2026: Registration of Share Capital Increase and Statute Amendments
PlayWay S.A., a prominent Polish game developer and publisher, officially registered an increase in its share capital on February 17, 2026. This corporate action, finalized by the District Court for the Capital City of Warsaw, involved raising the share capital from 660,000.00 PLN to 666,600.00 PLN. The increase was achieved through the issuance of 66,000 Series J ordinary bearer shares, each carrying a nominal value of 0.10 PLN. This issuance effectively exhausts the company's remaining authorized capital, leaving the balance of target capital at zero. The capital expansion was executed under the framework of authorized capital previously established by the Management Board in August 2025. A critical component of this issuance was the total exclusion of pre-emptive rights for existing shareholders, a move intended to facilitate the dematerialization of the new shares and streamline the capital raising process. Following this registration, the total number of shares across all series—ranging from Series A through Series J—amounts to 6,666,000, with each share corresponding to one vote at the General Meeting. Beyond the financial adjustments, the registration necessitated formal amendments to the company’s Articles of Association, specifically regarding the wording of Paragraph 6 to reflect the new capital structure. This regulatory filing serves as a formal notification to the market and relevant financial authorities, ensuring transparency regarding the company’s equity structure and voting rights. The action concludes a process initiated in late 2025 and solidifies the company's current financial standing within the Polish capital market.
PlayWayFeb 2026