Legal

Raport Bieżący Nr 31/2016

27 December 20162 pages221 words

Summary

The filing announces the execution of an investment agreement in which Playway S.A., headquartered in Warsaw, commits capital to increase the share capital of ECC Games Sp. z o.o., a developer focused on mobile‑platform titles. On 27 December 2016, Playway contributed a cash injection of 394 000 zł, a sum designated to complete the production of several pending mobile games under ECC Games’ pipeline. The capital increase restructured ownership of ECC Games, allocating 25.03 % of the enlarged equity to Playway, 38.12 % to individual investor Piotr Wątrucki, and 36.85 % to Inovo Venture Fund I, a limited partnership venture fund also based in Warsaw. The transaction is framed by Polish corporate law and the Market Abuse Regulation, specifically Article 17(1) concerning confidential information, underscoring the confidentiality of the disclosed terms. By securing a minority yet significant stake, Playway positions itself to benefit from ECC Games’ upcoming mobile releases while diversifying its portfolio within the Polish gaming sector. Overall, the investment reflects a strategic move to bolster Playway’s involvement in the rapidly expanding mobile gaming market, leveraging a modest capital outlay to acquire a meaningful share in a developer poised to deliver new titles. The agreement also formalizes the participation of two co‑investors, aligning their interests in the future success of ECC Games.

Pages

View all

Citation

Generating citation...

Similar Documents

Legal

Raport bieżący nr 21/2017: Zawarcie aneksu do umowy inwestycyjnej

PlayWay 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.

investment mergers-acquisitions game-publishing+1

PlayWayApr 2017

Legal

Raport bieżący nr 24/2016: Zawarcie umowy inwestycyjnej

PlayWay S.A. has formalized a strategic investment agreement to establish and fund Movie Games S.A., a Warsaw-based developer focused on producing video games based on cinematic properties. This partnership involves three primary shareholders contributing a total of 1,718,182 PLN in capital. PlayWay holds a controlling 51% stake with a contribution of 927,273 PLN, while Income Capital Sp. z o.o. maintains a 44% share through a 700,000 PLN investment. The remaining 5% is held by Aleksy Uchański, who contributed 90,909 PLN and has been appointed as the President of the Management Board for the new entity. The primary objective of this capital injection is to finance the development of a PC title centered on the 303 Squadron, alongside the broader mission of adapting film productions into interactive media. This transaction, finalized in December 2016, represents a targeted expansion of PlayWay’s portfolio within the Polish gaming sector, specifically leveraging the expertise of specialized partners to bridge the gap between the film and gaming industries. The agreement outlines a clear governance structure and ownership distribution, ensuring PlayWay retains majority oversight while integrating external capital and leadership to drive the subsidiary's initial production slate.

europe funding game-publishing+2

PlayWayDec 2016

Legal

Raport bieżący nr 30/2017

PlayWay S.A. has formalized a strategic agreement with the shareholders of Ultimate Games S.A. to significantly increase the subsidiary's share capital. This corporate action, executed on May 31, 2017, follows a preliminary agreement established earlier that month and marks a transition in the company’s financial structure as it evolves from its legal predecessor, Ultimate Games Sp. z o.o. The primary objective of this move is to strengthen the capital base of the Warsaw-based developer and publisher to support its ongoing operations and growth within the gaming sector. The Extraordinary General Meeting of Ultimate Games S.A. passed a resolution to raise the share capital from 150,000 PLN to 400,000 PLN. This increase is facilitated through the issuance of 2,500,000 new shares, which were subscribed to by six key shareholders in exchange for a total cash contribution of 250,000 PLN. This capital injection reflects a coordinated effort between institutional and individual investors to solidify the company's market position. Following the registration of this capital increase with the National Court Register, the ownership structure of Ultimate Games S.A. is clearly defined. PlayWay S.A. maintains a dominant controlling interest with 60% of the shares. The remaining equity is distributed among five individual shareholders: Mateusz Zawadzki holds 20%, Jakub Trzebiński and Aleksy Uchański each hold 7%, and Maciej Latocha and Łukasz Stąporek each hold 3%. This distribution ensures that while PlayWay retains strategic control, key management and individual stakeholders remain financially aligned with the company’s performance.

mergers-acquisitions investment europe

PlayWayMay 2017

Legal

Raport Bieżący Nr 4/2017

The report announces the execution of an investment agreement that results in a capital increase for Movie Games Spółka Akcyjna, a Warsaw‑based video‑game developer. PLAYWAY S.A., together with individual investors Aleks Uchański, Income Capital Sp. z o.o. and Jakub Trzebiński, subscribed for newly issued shares, contributing a total of 1 718 182 zł. PLAYWAY’s contribution amounts to 836 364 zł, Income Capital provides 700 000 zł, while each of the two individual investors contributes 90 909 zł. Following the subscription, the equity structure of Movie Games will consist of 46 % held by PLAYWAY, 44 % by Income Capital, and 5 % each by the two individual shareholders. The capital infusion is earmarked primarily for the development of a PC title currently working under the name “Dywizjon 303”. The transaction is documented under the legal framework of Article 17(1) of the Market Abuse Regulation, indicating that the information is confidential. The report is dated 25 January 2017 and is signed by Krzysztof Kostowski, President of the Board of PLAYWAY S.A. Overall, the filing provides a transparent account of the share subscription, the financial commitments of each investor, and the resulting ownership distribution, confirming the strategic intent to fund new game production within the Polish interactive‑entertainment sector.

investment mergers-acquisitions game-publishing

PLAYWAY S.A.Jan 2017

Legal

Current Report No. 21/2016: Conclusion of Shareholder Agreement for Subsidiary

PlayWay S.A. has formalized a strategic shareholder agreement concerning its subsidiary, CreativeForge Games S.A. (CFG), involving Lark Investments Sp. z o.o. SKA and Łukasz Żarnowiecki. The primary objective of this agreement is to secure the financial and structural framework for the production of a new multi-platform computer game intended for PC, Xbox One, and PlayStation 4. This arrangement highlights the collaborative financing model common in the Polish game development sector, where parent companies and private investment vehicles share production risks and capital requirements. The financial commitment for the upcoming project is capped at 9 million PLN, provided in the form of loans issued in installments according to a set production schedule. PlayWay S.A. is responsible for 70% of the funding, while Lark Investments covers the remaining 30%. This capital injection ensures the subsidiary has the necessary liquidity to execute high-budget development cycles across multiple console and desktop platforms. The agreement also facilitates a significant shift in the ownership structure of CreativeForge Games. Through a concurrent share purchase agreement, PlayWay S.A. acquired 200,000 shares from Lark Investments. Following this transaction, PlayWay S.A. holds a dominant 73.75% stake in CFG, with Lark Investments retaining 15% and Łukasz Żarnowiecki holding 11.25%. Furthermore, the agreement includes a call option valid until December 31, 2017, allowing Lark Investments to repurchase or designate a third party to acquire up to 200,000 shares from PlayWay S.A. at a predetermined price. This structure provides flexibility for future equity adjustments while maintaining PlayWay’s consolidated control during the critical development phase of the new title.

europe game-publishing investment+2

PlayWayNov 2016

Legal

Raport bieżący nr 3/2021

PlayWay S.A. has entered into a formal investment agreement to acquire a significant minority stake in Platynowe Inwestycje Spółka Europejska, marking a strategic pivot for the target entity into the gaming sector. Under the terms of the agreement signed on February 1, 2021, PlayWay will acquire 32.86% of the share capital by taking over Series H shares and purchasing Series F and G shares from Patro Invest. This transaction is part of a broader consortium effort involving individual gaming industry investors and Delphine Group S.A., who together aim to control a combined 72.61% of the company following a planned capital increase. The primary objective of this acquisition is to transform Platynowe Inwestycje into a multi-team development hub. The new business model focuses on creating a decentralized structure where various development teams operate as both creators and shareholders. Individual investors Marek Parzyński, Piotr Karbowski, and Bartosz Graś are tasked with recruiting these teams and will distribute the majority of their own shares to developers through incentive programs. This strategy is designed to align the interests of the workforce with the company's market valuation, theoretically driving higher productivity and long-term commitment from the creative staff. The scope of this agreement is centered on the Polish gaming market and follows a comprehensive due diligence process covering legal, tax, and financial aspects, which yielded no irregularities. PlayWay has indicated that it does not currently plan to alter its percentage ownership following the completion of the acquisition. This move reflects a broader industry trend of utilizing equity-based motivation to secure talent in a competitive development landscape, leveraging PlayWay’s established position to foster a new ecosystem of developer-owned studios.

investment mergers-acquisitions poland

PlayWayFeb 2021

Raport Bieżący Nr 31/2016

Summary

Tags

Pages

Citation

Citation

Similar Documents

Raport bieżący nr 21/2017: Zawarcie aneksu do umowy inwestycyjnej

Raport bieżący nr 24/2016: Zawarcie umowy inwestycyjnej

Raport bieżący nr 30/2017

Raport Bieżący Nr 4/2017

Current Report No. 21/2016: Conclusion of Shareholder Agreement for Subsidiary

Raport bieżący nr 3/2021