PlayWay S.A. subsidiary Stolen Labs S.A. has rebranded to Detalion Games to align with a new strategic focus on adventure game development.
The subsidiary’s share capital was increased from 100,000 PLN to 150,000 PLN through the issuance of 500,000 Series B bearer shares.
Detalion Games is authorized to issue an additional 250,000 Series C bearer shares via private subscription to further capitalize the company.
Detalion Games has acquired the intellectual property rights for the title 'Schizm 3: Nemezis' and integrated a dedicated development team to manage the project.
The restructuring and capital expansion were formalized through resolutions passed at Extraordinary General Meetings held on May 23, 2019.
This corporate action is intended to consolidate development resources and secure the financial backing necessary to advance the studio's primary adventure game project.
The management of PlayWay S.A. announced a significant restructuring and recapitalization of its subsidiary, Stolen Labs S.A., following resolutions passed during two Extraordinary General Meetings held on May 23, 2019. This corporate action involves a substantial increase in the subsidiary's share capital and a strategic rebranding effort aimed at aligning the company’s identity with its development goals. The initial capital increase expands the share capital from 100,000 PLN to 150,000 PLN through the issuance of 500,000 Series B bearer shares. A subsequent issuance of Series C bearer shares was also authorized, ranging from a minimum of one share to a maximum of 250,000 shares.
Both share issuances are conducted via private subscription, adhering to the Polish Code of Commercial Companies, which allows the company to make direct offers to designated recipients. Alongside these financial changes, the subsidiary officially rebranded from Stolen Labs S.A. to Detalion Games. This name change marks a transition in the company's operational focus, as the newly renamed entity is set to take over a specific development team and the intellectual property rights associated with the title Schizm 3: Nemezis.
The scope of this announcement covers the Warsaw-based operations of PlayWay’s subsidiary during the second quarter of 2019. By consolidating development resources and securing additional capital, the move positions Detalion Games to continue the production of its primary project within the adventure game segment. This disclosure was made in compliance with market abuse regulations regarding inside information, reflecting the material impact of the capital increase and the strategic acquisition of game rights on the parent company’s portfolio.
