Legal

Raport Bieżący ESPI Nr 13/2025

30 September 20251 pages321 words

Summary

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.

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Raport Bieżący ESPI Nr 13/2025

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