LegalPlayWay
Information on the Start of Building a Demand Ledger for SimFabric Shares
1 Oct 20222 pages~6 min full read
PlayWay S.A. initiated the sale of its entire 44.96% stake in SimFabric S.A., totaling 2,810,000 shares, on October 5, 2022.
See it on page 2Ipopema Securities S.A. was appointed to manage an accelerated book-building process targeting domestic and international institutional investors.
See it on page 1The divestment is driven by a strategic misalignment between SimFabric’s development goals and the broader objectives of the PlayWay Group.
See it on page 2Proceeds from the sale are earmarked for reinvestment into other subsidiaries and development teams within the PlayWay ecosystem.
See it on page 2The transaction was structured as a prospectus-exempt offering under EU and Polish regulations, with a projected completion date of October 14, 2022.
See it on page 1The offering was legally restricted in the United States, Canada, Japan, and Australia to ensure compliance with international securities laws.
See it on page 2PlayWay retained the right to adjust the volume of shares sold or cancel the offering entirely without providing a specific justification.
See it on page 1PlayWay S.A., a prominent Polish game developer and publisher, initiated the sale of its entire stake in SimFabric S.A. on October 5, 2022. The transaction involves the disposal of up to 2,810,000 shares, representing 44.96% of the total share capital and voting rights in SimFabric. Ipopema Securities S.A. was appointed to manage the accelerated book-building process, which targeted selected domestic and international institutional investors.
The divestment strategy is driven by an internal review of synergies among PlayWay Group companies listed on the Warsaw Stock Exchange. Management determined that SimFabric’s development strategy no longer sufficiently aligned with the parent company's broader objectives. Capital raised from this sale is earmarked for reinvestment into existing and future subsidiaries and development teams within the PlayWay ecosystem.
The transaction was structured as a public offering exempt from the requirement to publish a formal prospectus under European Union and Polish regulations. While the process was expected to conclude by October 14, 2022, the terms granted PlayWay the flexibility to adjust the volume of shares or cancel the offering without providing a specific reason. Depending on the final volume sold, the seller may also be subject to lock-up agreements regarding any residual holdings. The offering was specifically restricted from certain jurisdictions, including the United States, Canada, Japan, and Australia, to comply with international securities laws.
