Legal

Raport Bieżący Nr 13/2019

5 March 20191 pages135 words

Summary

PlayWay S.A. has formally announced a strategic capital increase within its subsidiary, Woodland Games Sp. z o.o., following a resolution passed by the Extraordinary General Meeting of Shareholders on March 5, 2019. The transaction involves raising the share capital of the Włocławek-based developer from 300,000 PLN to 541,100 PLN. This expansion is facilitated through the issuance of 2,411 new shares, which were acquired by a combination of a legal entity and individual developers for a total consideration of 241,000 PLN. Upon the formal registration of this capital increase with the National Court Register, PlayWay S.A. will maintain a controlling interest of 53.96% in Woodland Games. This financial restructuring serves to solidify the subsidiary's capital base as it scales its production capabilities. At the time of the announcement, Woodland Games is actively developing the title Split for the PC platform and has three additional projects currently in the pre-production phase. The disclosure, issued under the requirements of the Market Abuse Regulation regarding inside information, reflects PlayWay’s broader corporate strategy of fostering development teams through equity-based partnerships. By integrating developers directly into the shareholding structure, the company aligns the interests of the creative staff with the financial performance of the studio. This move highlights a specific growth period for the Polish game development sector in early 2019, characterized by the expansion of specialized studios under larger umbrella organizations.

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