Legal

Raport Bieżący Nr 27/2017 Korekta

18 May 20172 pages327 words

Summary

The management board of PlayWay S.A., a prominent Polish game developer and publisher, issued a formal correction to a previous regulatory filing regarding the allocation of its net profit for the 2016 fiscal year. The primary purpose of this update is to rectify a clerical error concerning the legal basis of the original announcement. While the initial report incorrectly cited Article 17 of the Market Abuse Regulation regarding inside information, the corrected filing clarifies that the disclosure falls under standard periodic and current reporting requirements for public companies in Poland. The core financial substance of the announcement remains unchanged, detailing the board's resolution passed on May 15, 2017. The management recommends that the total net profit for the 2016 financial year, amounting to 6,108,553.86 PLN, be allocated entirely to the company’s supplementary capital rather than being distributed as dividends. This proposal reflects a strategic decision to retain earnings within the organization to bolster its financial reserves and support future operational growth. This recommendation is subject to further corporate governance procedures, including an evaluation by the Supervisory Board in accordance with the Commercial Companies Code. The final determination regarding the profit allocation rests with the Ordinary General Meeting of Shareholders. This filing serves as a critical transparency measure for investors on the Warsaw Stock Exchange, providing insight into the company's capital management strategy and fiscal health following its 2016 performance.

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Raport Bieżący Nr 28/2017

The Supervisory Board of PlayWay S.A. has formally issued a positive opinion regarding the Management Board's proposal for the allocation of net profit for the 2016 financial year. The primary recommendation submitted to the Ordinary General Meeting involves the retention of the company's entire net profit from 2016, directing these funds into the supplementary capital rather than distributing them as dividends. This strategic decision reflects a focus on strengthening the internal capital reserves of the Warsaw-based game developer and publisher following its performance during that fiscal period. In addition to the profit allocation proposal, the Supervisory Board conducted a comprehensive review and provided a positive assessment of several key financial and operational disclosures. These include the Management Board's report on the activities of both the individual company and the broader PlayWay Capital Group for 2016. Furthermore, the board approved the separate and consolidated financial statements for the fiscal year ending December 31, 2016, confirming their accuracy and readiness for final approval by the shareholders. This regulatory disclosure, issued in May 2017, serves as a formal step in the corporate governance process for publicly traded entities in Poland. By recommending the transfer of profits to supplementary capital, the leadership signals a commitment to reinvestment and financial stability within the competitive gaming industry. The move ensures that the capital generated during a period of growth remains within the group to support ongoing development projects and operational scaling.

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PlayWayMay 2017

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Korekta i Uzupełnienie Skonsolidowanego Raportu Rocznego za 2018 Rok

The management board of PlayWay S.A. issued this formal correction and supplement to the consolidated annual report for the 2018 fiscal year, covering the period from January 1 to December 31, 2018. This regulatory filing serves to align the company’s previous disclosures with specific Polish financial reporting standards and transparency requirements. The scope of the update focuses on the Capital Group’s operations, corporate governance, and financial management, ensuring compliance with the Regulation of the Minister of Finance regarding periodic information provided by securities issuers. Key amendments include a more detailed assessment of financial resource management, specifically highlighting equity levels and cash values to demonstrate the group's ability to meet its liabilities. In terms of market operations, the update identifies significant customers and confirms that no single supplier accounted for more than 10% of total sales value. Furthermore, the board provided granular data regarding the remuneration and benefits received by members of the company’s governing bodies. The document also strengthens corporate governance disclosures by detailing the composition and changes within management and supervisory boards, as well as the operational descriptions of their respective committees. Crucially, the board added affirmations regarding compliance with auditor rotation laws, mandatory grace periods, and the establishment of formal policies for selecting auditing firms. While these qualitative and structural disclosures were expanded, the core financial statements released in April 2019 remain unchanged and accurate. This filing reflects the administrative and regulatory rigor required of major entities in the Polish gaming sector listed on public exchanges.

investment europe market-analysis+2

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Skorygowane Oświadczenie o Stosowaniu Ładu Korporacyjnego

PlayWay S.A. maintains a corporate governance framework characterized by a centralized management structure and significant deviations from the Best Practice for GPW Listed Companies 2016. As of late 2018 and early 2019, the organization opted out of several transparency and technical standards, including the provision of five-year searchable financial data and the live broadcasting or recording of General Meetings. These omissions are attributed to the high costs of implementation and a lack of necessary technical infrastructure. Furthermore, the company operates without formalized internal systems for risk management, compliance, or internal auditing, delegating these responsibilities directly to the Management Board and existing staff. The governance structure is led by a Management Board of one to five members serving five-year terms, where the President holds a tie-breaking vote. While the company maintains a Supervisory Board and an Audit Committee, it does not currently implement a formal diversity policy regarding age, gender, or education for its governing bodies. The Audit Committee, restructured in early 2019 following personnel changes, adheres to strict independence criteria to ensure impartial oversight. This includes a dedicated auditor policy that prohibits contracted firms, such as 4AUDYT sp. z o.o., from providing forbidden non-audit services. Operational control remains concentrated, with the Management Board overseeing both strategic direction and day-to-day risk mitigation. Despite the absence of certain formalized corporate protocols common among listed entities, the company fulfills its statutory obligations through regular committee meetings and adherence to basic voting quorums. The overall approach reflects a lean organizational model that prioritizes direct board oversight over the establishment of specialized, independent internal departments.

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The management board of PlayWay S.A., a prominent Polish game developer and publisher, issued a formal supplement to its 2017 consolidated annual report to ensure full compliance with national financial reporting regulations. This regulatory filing addresses specific omissions in the original report published in April 2018, focusing on executive compensation and corporate governance disclosures required for publicly traded companies on the Warsaw Stock Exchange. The primary focus of the supplement is the detailed disclosure of remuneration, bonuses, and benefits awarded to members of the management and supervisory boards. This includes all forms of compensation, whether paid in cash, in-kind, or through capital-based incentive programs such as subscription warrants or convertible bonds. By providing these figures for each individual executive and supervisor, the company adheres to transparency mandates regarding the financial incentives provided to its leadership during the 2017 fiscal year. Additionally, the update provides a comprehensive statement on corporate governance, specifically detailing the composition and operational activities of the Audit Committee. The supplement outlines any personnel changes within this committee over the course of the financial year and describes its functional role in overseeing the company’s financial reporting processes. These disclosures are strictly administrative and regulatory in nature; the management board explicitly confirms that these additions do not alter the financial results or performance metrics previously reported for the 2017 fiscal year. The scope remains limited to the internal governance and executive structures of the PlayWay capital group within the Polish regulatory framework.

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Raport Bieżący Nr 40/2017

The Management Board of PlayWay S.A., a Warsaw-based game developer and publisher, issued this corporate report to detail the resolutions adopted during the Ordinary General Meeting held on June 19, 2017. The primary purpose of the meeting was to formalize the company’s financial and operational results for the fiscal year ending December 31, 2016, and to address various governance matters. Most votes represented 3,009,163 shares, accounting for 45.59% of the share capital, with all resolutions passing unanimously. Financial highlights from the 2016 fiscal year include the approval of a standalone net profit of 6,108,553.86 PLN and a consolidated net profit for the Capital Group of 5,415,016.24 PLN. The shareholders resolved to allocate the entirety of the standalone net profit to the company’s supplementary capital rather than distributing it as dividends. The meeting also confirmed the company’s total assets and liabilities at 49,661,107.23 PLN on a standalone basis and 52,793,349.29 PLN on a consolidated basis. Governance actions included granting discharge to members of the Management Board and Supervisory Board for their performance in 2016. Notably, the discharge for President Krzysztof Kostowski involved a smaller voting pool of 4.68% of share capital, likely due to voting exclusions. The assembly also approved changes to the Supervisory Board, appointing Dominik Nowak and Michał Markowski as members and Radosław Mrowiński as Chairman. Additionally, the monthly net salary for Vice President Jakub Trzebiński was increased from 3,500 PLN to 6,500 PLN, effective June 1, 2017. All proceedings were conducted in accordance with the Polish Commercial Companies Code and the company’s statutes.

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Raport Bieżący ESPI Nr 18 /2020

PlayWay S.A., a prominent Polish game developer and publisher, formalized the restructuring of its corporate oversight through the appointment of a new Supervisory Board. On June 15, 2020, the Ordinary General Meeting of Shareholders passed a series of resolutions to establish the board's membership for a new term. This administrative action ensures the continuity of governance and regulatory compliance for the Warsaw-based issuer in accordance with Polish capital market laws regarding periodic and current information. The newly appointed board consists of five members: Aleksy Uchański, Michał Kojecki, Michał Markowski, Grzegorz Czarnecki, and Jan Szpetulski-Łazarowicz. Aleksy Uchański was specifically designated to serve as the Chairman of the Supervisory Board. These appointments are critical for maintaining the strategic direction of the company, which is known for its extensive ecosystem of development studios and simulation titles. Legal and ethical vetting confirmed that none of the appointed members are listed in the Register of Insolvent Debtors. Furthermore, the appointees do not engage in activities competitive with the company’s business interests, nor do they hold positions in competing entities as partners or board members. This disclosure serves to mitigate potential conflicts of interest and reinforces the transparency of the company’s management structure. The appointments were executed under the legal framework of the Act on Public Offering and the specific regulations governing issuers of securities in the Polish market.

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Raport Bieżący Nr 27/2017 Korekta

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