Legal

Raport Bieżący Nr 14/2016: Rejestracja Podwyższenia Kapitału Zakładowego i Zmian Statutu Spółki

8 November 20162 pages566 words

Summary

PlayWay S.A., a prominent Polish video game developer and publisher, officially announced the judicial registration of an increase in its share capital and corresponding amendments to its Articles of Association. The District Court for the Capital City of Warsaw recorded these changes on November 7, 2016, following a series of resolutions passed by the General Meeting of Shareholders earlier that year. This corporate action reflects the company’s transition through a public share offering and its regulatory compliance as a listed entity in the Polish capital market. The share capital was increased from 600,000 PLN to 660,000 PLN. This adjustment was achieved through the issuance of 600,000 Series I bearer shares, each carrying a nominal value of 0.10 PLN. Consequently, the total number of shares comprising the company’s share capital rose from 6,000,000 to 6,600,000. The new Series I shares join existing series A through H, maintaining a uniform nominal value across all equity classes. The formal registration also necessitated a revision of Paragraph 6 of the company’s Articles of Association to reflect the updated capital structure. While the company noted it had not yet received the physical delivery of the court's decision at the time of the announcement, the information was verified through the National Court Register’s central database. This update serves as a critical administrative milestone for PlayWay S.A. following its public offering, ensuring that its legal and statutory framework aligns with its expanded equity base.

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