PlayWay S.A. secured a 70% majority stake in its subsidiary, formerly Clemagic, by investing 70,000 PLN to increase the entity's share capital from 5,000 PLN to 16,600 PLN.
The subsidiary has been rebranded as SimulaMobile to align with a strategic focus on the mobile simulation gaming market.
SimulaMobile is aggressively expanding its development capacity by recruiting production teams based in Ukraine.
As of March 2019, SimulaMobile has already integrated two new development teams into its operational workflow.
This investment reflects PlayWay S.A.'s broader strategy of scaling its production pipeline through targeted acquisitions and the utilization of regional technical expertise in the Ukrainian labor market.
The Management Board of PlayWay S.A. announced a strategic capital increase in its subsidiary, Clemagic Sp. z o.o., following a resolution passed during an Extraordinary General Meeting of Shareholders on March 5, 2019. The transaction involved raising the subsidiary's share capital from 5,000 PLN to 16,600 PLN through the issuance of 116 new shares. PlayWay S.A. acquired these new shares for a total investment of 70,000 PLN, resulting in a 70% majority ownership stake in the entity once the increase is formally registered in the National Court Register.
In addition to the financial restructuring, the subsidiary underwent a significant rebranding, changing its corporate name from Clemagic to SimulaMobile. This shift aligns with the company's broader operational objectives within the mobile simulation gaming segment. The primary strategic goal for the newly renamed SimulaMobile is the aggressive expansion of its development capabilities by recruiting new production teams in Ukraine. At the time of the announcement, the company had already successfully integrated two such development teams into its workflow.
This corporate action reflects PlayWay S.A.’s ongoing strategy of scaling its portfolio through targeted investments in specialized development hubs. By securing a majority stake and focusing on the Ukrainian labor market, the company aims to leverage regional technical expertise to bolster its production pipeline. The disclosure was made in compliance with market abuse regulations regarding inside information, highlighting the material nature of the investment and the geographic shift in the subsidiary's recruitment focus.
