PlayWay S.A. has proposed a dividend payment of 144,012,000.00 PLN for the 2023 financial year, equating to 21.82 PLN per share.
The dividend payout is primarily funded by the company's 2023 net profit of 144,005,978.33 PLN, with the remainder covered by undistributed profits from previous years.
The proposed dividend record date is July 3, 2024, with a scheduled payment date of July 10, 2024.
The dividend proposal is subject to final approval by the Supervisory Board and the Ordinary General Meeting.
Management maintains that the payout will not impact the company's liquidity or its ability to fund ongoing development projects and planned investments for 2024.
Strategic priorities for 2024 include scaling partnerships with high-potential development teams, leveraging social media and demos for market testing, and acquiring new intellectual property.
The management board of PlayWay S.A. has formally recommended a dividend payment for the 2023 financial year totaling 144,012,000.00 PLN. This proposal translates to a payout of 21.82 PLN per share, aligning with the dividend policy established in 2018. The funding for this distribution is derived almost entirely from the net profit generated in 2023, which amounted to 144,005,978.33 PLN, supplemented by a small portion of undistributed profits from previous years.
The recommendation is based on a comprehensive analysis of the company's financial health, cash reserves, and projected revenues for the 2024 fiscal year. Management asserts that the company maintains a strong financial position, with sufficient liquidity to fund planned investments and development projects without disruption. Strategic priorities for the upcoming period include intensifying cooperation with high-potential development teams, utilizing social media and demo releases to gauge consumer interest, and continuing the production of successful titles while sourcing new intellectual property.
The proposed timeline sets July 3, 2024, as the dividend record date and July 10, 2024, as the payment date. While the management board views this payout as a means to satisfy shareholder expectations without compromising financial flexibility, the proposal remains subject to an opinion from the Supervisory Board and final approval by the Ordinary General Meeting. This disclosure follows the regulatory requirements for public companies operating within the Polish gaming sector and the Warsaw Stock Exchange.
