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Legal
Resolution No. 1: Ordinary General Meeting of PlayWay S.A.
PlayWay S.A. concluded its Ordinary General Meeting on June 30, 2025, with shareholders representing 83.86% of the share capital approving the company’s 2024 financial performance and strategic governance shifts. The fiscal year 2024 was characterized by significant profitability, with the standalone entity reporting a net profit of 148.9 million PLN and a consolidated net profit of 170.2 million PLN attributable to the parent company. Total consolidated assets and liabilities reached 551.7 million PLN. Based on these results, the assembly approved a substantial dividend distribution of 148.83 million PLN, equating to 22.55 PLN per share, scheduled for payment in mid-July 2025. The governance structure underwent formalization and extension, with the terms for both the Management Board and the Supervisory Board increased to five years. Krzysztof Kostowski was reappointed as President of a two-person Management Board alongside Vice President Jakub Trzebiński, while the Supervisory Board was reconstituted with five members under the chairmanship of Bartosz Antoni Graś. To align with long-term growth objectives, the assembly authorized the Management Board to increase share capital by up to 66,000 new shares to facilitate an incentive program for board members. Furthermore, the company’s Articles of Association were amended to officially recognize Kostowski as the founder and to broaden the business scope to include diverse retail, advertising, and publishing activities. Operational and financial policies were also reinforced, requiring at least 8% of net profit to be allocated to supplementary capital. The updated statutes mandate the establishment of an Audit Committee and introduce modernized protocols for remote voting and conflict of interest disclosures. These resolutions, passed with overwhelming majority support, solidify the Warsaw-based developer and publisher’s corporate framework as it manages a share capital of 660,000 PLN divided into 6.6 million bearer shares. The assembly concluded by granting formal discharge to all board members for their duties during the 2024 fiscal year, signaling shareholder confidence in the current leadership and the company's financial trajectory.
PlayWayJun 2025
Legal
Uchwała Nr 1 ZWZ PlayWay S.A. z dnia 15 Czerwca 2021
The 2020 fiscal year for PlayWay S.A. was characterized by significant financial growth and a strategic shift in accounting standards, as formalized during the Ordinary General Meeting held on June 15, 2021. Representing 84.2% of the share capital, the assembly confirmed a standalone net profit of 84.1 million PLN and a consolidated net profit of 199.96 million PLN. This robust performance supported a substantial dividend distribution of 12.74 PLN per share, totaling 84.08 million PLN, which was scheduled for payment at the end of June 2021. The company’s balance sheet reflected a strong upward trajectory, with total assets and liabilities reaching 458.6 million PLN. Key indicators of financial health included an equity increase of 215.9 million PLN and a cash reserve growth of 82.4 million PLN over the reporting period. To align with global financial practices and enhance transparency for international investors, the assembly unanimously resolved to transition the company’s financial reporting to International Financial Reporting Standards (IFRS/IAS) effective January 1, 2021. Administrative governance was also a primary focus, with shareholders granting formal discharge to the management and supervisory boards for their performance throughout 2020. This approval covered the President, Vice-President, and five members of the Supervisory Board, signaling broad investor confidence in the leadership’s execution of the company’s strategy. These resolutions solidify PlayWay’s position as a major player in the Polish gaming sector while preparing the organization for more standardized international financial oversight in subsequent fiscal years.
PlayWayJun 2021
Legal
Uchwały Podjęte na Nadzwyczajnym Walnym Zgromadzeniu PlayWay S.A.
The Extraordinary General Meeting of PlayWay S.A., held on November 27, 2020, focused on corporate governance adjustments and the strategic transfer of specific intellectual property assets. A primary outcome of the session was the formal decision to forgo the election of a traditional scrutiny committee. This procedural shift was justified by the implementation of a computerized voting system, which the assembly deemed sufficient for ensuring the accuracy and integrity of the ballot counting process. A significant development during the proceedings involved a motion proposed by shareholder Krzysztof Kostowski regarding the transfer of an organized part of the company’s enterprise. Specifically, the resolution authorized the transfer of assets related to the title Car Mechanic Simulator 18 to a third-party entity. This proposal superseded a previously publicized draft from October 2020, reflecting a refinement in the company’s approach to managing its game portfolio and subsidiary assets. The meeting concluded with the successful consideration of all planned agenda items, and no formal objections were raised or recorded in the minutes. The voting data provided for each resolution included the number of shares represented, the percentage of share capital involved, and a detailed breakdown of votes cast in favor, against, or abstaining. These actions were conducted in compliance with Polish financial regulations governing current and periodic information for securities issuers, ensuring transparency for stakeholders regarding the company's operational and structural changes.
PlayWayNov 2020
Legal
Resolution No. 1 of the Ordinary General Meeting of PlayWay S.A.
The Ordinary General Meeting of PlayWay S.A., held on June 20, 2022, formalized the company’s financial results and strategic governance updates for the 2021 fiscal year. Representing approximately 85.2% of the share capital, shareholders approved a consolidated net profit of 127.1 million PLN and a standalone net profit of 126.9 million PLN. A significant portion of this success was returned to investors through a dividend allocation of 126.85 million PLN, translating to 19.22 PLN per share. This distribution followed a year of robust growth, characterized by a consolidated equity increase of 103.9 million PLN and total assets reaching 572.2 million PLN. Governance updates focused on aligning executive compensation with the Best Practice for GPW Listed Companies 2021. The revised remuneration policy introduces a two-tier system for Management Board members, combining a fixed base salary with an optional variable component. This performance-based incentive is strictly capped at 2% of the annual net profit and cannot exceed 20 times the individual’s fixed annual salary. Conversely, Supervisory Board members receive only fixed monthly lump-sum payments to maintain independent oversight. These measures ensure that executive interests remain aligned with long-term business strategy and shareholder value. The operational framework remains centered on a lean model that favors civil law contracts with specialized development teams over traditional employment. This structure influences the company’s internal wage comparisons and conflict-of-interest protocols, particularly regarding family members of officials. By granting discharge to the Management and Supervisory Boards and finalizing key appointments, including Ludwik Sobolewski to the Supervisory Board, the assembly reaffirmed its confidence in the leadership’s ability to navigate the competitive gaming industry while maintaining strict financial discipline and transparency.
PlayWayJun 2022