Krzysztof Kostowski, founder and President of PlayWay S.A., transferred a significant block of company shares to a newly established family entity, Fundacja Rodzinna Kostowscy, in August 2023.
The transaction was executed via a donation agreement, shifting equity ownership from the individual founder to the family foundation for long-term succession planning and asset management.
This internal restructuring triggered formal regulatory reporting obligations under the Act on Public Offering due to the crossing of significant voting rights thresholds.
The transfer does not represent a divestment from PlayWay S.A., as the founder maintains his interest in the firm through the new legal vehicle.
The disclosure was filed in accordance with Electronic Information Transmission System (ESPI) standards to ensure transparency regarding control and voting power distribution within the publicly traded company.
This regulatory disclosure details a significant change in the shareholding structure of PlayWay S.A., a prominent Polish game developer and publisher listed on the Warsaw Stock Exchange. The notification, issued in August 2023, centers on the transfer of a substantial block of shares by Krzysztof Kostowski, the company’s founder and President of the Management Board. The primary purpose of the transaction was the contribution of shares to a newly established family entity, Fundacja Rodzinna Kostowscy, based in Warsaw.
The transaction was executed via a donation agreement, shifting the direct ownership of the equity from the individual founder to the family foundation. This move falls under the legal requirements of the Act on Public Offering, which mandates the disclosure of changes in voting rights when significant thresholds are crossed. While the specific numerical volume of shares and the resulting percentage of total voting rights were included in the attached notification rather than the summary text, the filing confirms that the transaction triggered formal reporting obligations for both the individual donor and the receiving foundation.
The scope of this disclosure is limited to the internal ownership restructuring of a major stakeholder within the Polish gaming sector. It reflects a broader trend among high-net-worth founders in the region utilizing family foundations for long-term succession planning and asset management. The methodology of the disclosure follows the Electronic Information Transmission System (ESPI) standards required for public companies in Poland, ensuring transparency regarding the control and voting power distribution within the organization. This administrative shift does not indicate a divestment from the company but rather a formal change in the legal vehicle through which the founder maintains his interest in the firm.
