LegalPlayWay
Raport bieżący nr 2/2019: Zawiązanie spółki Circle Games S.A.
4 Jan 20191 pages~1 min full read
PlayWay S.A. established a new subsidiary, Circle Games S.A., on January 4, 2019, to focus on porting existing intellectual properties to new platforms.
PlayWay S.A. holds a 69% controlling interest in Circle Games S.A., with the remaining 31% held by private investors.
Circle Games S.A. is capitalized at 100,000 PLN, consisting of one million shares with a nominal value of 0.10 PLN each.
The subsidiary’s primary operational mandate is to adapt PlayWay’s portfolio for virtual reality and mobile devices.
The initial project pipeline for Circle Games S.A. is dedicated to developing VR and mobile versions of the Cooking Simulator franchise.
This strategic move aims to extend the lifecycle and market reach of PlayWay’s core software library by diversifying delivery methods beyond traditional PC gaming.
PlayWay S.A. has formally established a new joint-stock subsidiary, Circle Games S.A., headquartered in Komarówka Podlaska. This strategic expansion, finalized on January 4, 2019, involves a partnership between the parent company and several private individuals. The newly formed entity is capitalized at 100,000 PLN, divided into one million shares with a nominal value of 0.10 PLN each. PlayWay maintains a controlling interest in the venture, holding 690,000 shares representing 69% of the total capital, while the remaining 31% is held by individual investors.
The primary operational objective of Circle Games is to provide specialized porting services for titles within the PlayWay capital group portfolio. Specifically, the subsidiary will focus on adapting existing intellectual properties for virtual reality platforms and mobile devices. This move indicates a targeted effort to diversify the delivery methods of established franchises and tap into growing hardware segments beyond traditional PC gaming.
The initial project pipeline for the new studio centers on the Cooking Simulator franchise. The first scheduled task is the development of Cooking Simulator VR, followed by a mobile adaptation of the same title. By leveraging existing assets for new platforms, the formation of Circle Games serves as a dedicated vehicle for extending the lifecycle and market reach of PlayWay’s core software library. This corporate action was disclosed in accordance with market abuse regulations regarding inside information.
