LegalPlayWay
Raport bieżący nr 21/2017: Zawarcie aneksu do umowy inwestycyjnej
28 Apr 20172 pages~1 min full read
PlayWay S.A. and Inovo Venture Fund I remain the primary stakeholders in ECC Games Sp. z o.o. following an April 2017 equity restructuring, holding 34.6% and 36.9% of shares respectively.
See it on page 1The investment agreement amendment finalized on April 28, 2017, formally integrated three new individual partners into the ownership structure of the Warsaw-based developer.
See it on page 1Equity was redistributed through a share sale by a primary stakeholder to both the corporate entity and the three newly joined individual partners.
See it on page 1Following the transaction, the remaining 28.5% of ECC Games equity is distributed among four individual partners, with individual holdings ranging from 19.7% to 0.6%.
See it on page 1This corporate action was designed to align incentives between management and investment teams by granting key individuals direct ownership stakes in the subsidiary.
See it on page 1The restructuring reflects broader consolidation trends within the Polish game development sector during the 2017 fiscal period.
See it on page 1PlayWay S.A. has formalized an amendment to a previous investment agreement regarding the ownership structure of ECC Games Sp. z o.o. This regulatory filing, dated April 28, 2017, details the inclusion of three new individual partners into the existing investment framework originally established in late 2016. The transaction involves the redistribution of equity through the sale of shares by a primary stakeholder to both the corporate entity and the newly joined individual partners.
The execution of these share purchase agreements results in a significant realignment of the capital structure for the Warsaw-based developer ECC Games. Following the registration of these changes with the National Court Register, Inovo Venture Fund I remains the largest stakeholder with 36.9% of the shares. PlayWay S.A. maintains a substantial position with 34.6% ownership, while the remaining equity is distributed among four individual partners, with holdings ranging from 19.7% down to 0.6%.
This corporate action reflects the ongoing consolidation and strategic partnership efforts within the Polish game development sector during the 2017 fiscal period. By integrating key individuals directly into the ownership structure of the subsidiary, the parent company and its venture partners aim to align incentives across the management and investment teams. The disclosure complies with European market abuse regulations regarding the release of confidential information that could impact the valuation of publicly traded entities on the Warsaw Stock Exchange.
