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Legal
Raport Bieżący Nr 32/2020
The establishment of Septarian Games S.A. on September 9, 2020, marks a strategic expansion for PlayWay S.A. within the Polish game development sector. Headquartered in Warsaw, the new joint-stock company was formed with an initial share capital of 105,000 PLN, divided into 1,050,000 shares. PlayWay S.A. maintains a dominant position in the venture, holding 770,000 Series A shares, which represents a 73.33% stake in the share capital. The remaining ownership is distributed between developers, who hold 21.91% of the capital, and external investors, who contributed 1,000,000 PLN for a 4.76% stake via Series B shares. The primary objective of Septarian Games S.A. is the production of four specific PC titles: Combat Engineer, Post Apocalyptic Builder, Fort Renovator, and Apollo 13. This formation follows a previous corporate action from July 2020 involving a limited liability company of the same name. Under the new organizational structure, the original limited liability entity will undergo a name change and be assigned a different development team, effectively separating the new joint-stock company’s project pipeline from previous arrangements. This corporate development reflects PlayWay’s broader business model of incubating specialized development studios to manage diverse portfolios of simulation and builder-style games. The financial structure highlights a significant premium paid by external investors, as their 5,000 PLN nominal value contribution required a 1,000,000 PLN investment. This move underscores the ongoing consolidation and structured growth of the Polish gaming industry during the third quarter of 2020, focusing on niche simulation titles for the global market.
PlayWaySept 2020
Legal
Raport bieżący nr 33/2020
The management board of PlayWay S.A. announced the formal establishment of a new subsidiary, Purple Frog Sp. z o.o., headquartered in Milanówek, Poland, on September 14, 2020. This strategic move expands the parent company’s extensive ecosystem of development studios. The newly formed entity operates with an initial share capital of 10,000 PLN, divided into 200 shares with a nominal value of 50 PLN each. PlayWay S.A. holds a minority stake in the venture, having acquired 49 shares for a total contribution of 2,450 PLN, representing 24.5% of the company’s share capital. The remaining 151 shares, or 75.5% of the equity, are held by the development team and an external investor. This ownership structure reflects a collaborative model where the development team maintains a significant stake while the external investor provides the necessary capital to fund the studio’s first original production. This corporate action follows the standard operational strategy of the Polish gaming sector, where larger publishers foster smaller, specialized studios to diversify their portfolio. The establishment of Purple Frog Sp. z o.o. signifies the commencement of a specific development project backed by dedicated financing, though the specific title or genre of the debut production remains undisclosed at the time of incorporation. The transaction was conducted in accordance with market regulations regarding the disclosure of inside information.
PlayWaySept 2020
Legal
Raport bieżący nr 44/2020
PlayWay S.A. announced the formal establishment of a new subsidiary, Garlic Jam S.A., on November 13, 2020. Headquartered in Warsaw, the new entity was formed through a joint investment involving PlayWay S.A., CreativeForge Games S.A., Games Incubator sp. z o.o., and two individual partners. This strategic move expands the PlayWay capital group’s footprint in the Polish game development sector, specifically targeting the production of first-person shooter (FPS) titles for the PC market. The initial share capital of Garlic Jam S.A. is set at 100,000 PLN, divided into 1,000,000 series A ordinary bearer shares with a nominal value of 0.10 PLN each. The ownership structure is distributed among the founding parties to ensure collaborative oversight. Games Incubator sp. z o.o. and CreativeForge Games S.A. each hold the largest individual stakes at 28% (280,000 shares each). PlayWay S.A. maintains a 24% direct interest (240,000 shares), while the remaining 20% (200,000 shares) is held collectively by the two individual partners. The operational objective for Garlic Jam S.A. focuses on a high-output development model within the FPS genre. The company intends to manage a production pipeline capable of developing two titles simultaneously on an annual basis. This formation aligns with the broader industry trend of establishing specialized satellite studios to diversify portfolio offerings while leveraging the publishing and marketing infrastructure of a larger parent group. The establishment of the company was conducted in accordance with market disclosure regulations regarding confidential information.
PlayWayNov 2020
Legal
Zawiązanie Septarian Games Sp. z o.o. z siedzibą w Warszawie: 2020
PlayWay S.A. expanded its corporate group through the establishment of a new subsidiary, Septarian Games Sp. z o.o., based in Warsaw, Poland. This strategic move, finalized on July 17, 2020, aligns with the parent company’s established business model of fostering specialized development teams to diversify its production portfolio. The new entity was formed with an initial share capital of 100,000 PLN, divided into 1,000 shares with a nominal value of 100 PLN each. The ownership structure reflects a majority stake for PlayWay S.A., which holds 770 shares representing 77% of the share capital and voting rights. The remaining 230 shares, or 23% of the company, are held by the developers, ensuring an incentive-based partnership between the financiers and the creative talent. This capital injection was provided through cash contributions totaling the full nominal value of the shares. Septarian Games is positioned to focus on the simulation and renovation genres, which are core strengths of the broader PlayWay ecosystem. The initial production slate for the studio includes four specific titles: Combat Engineer, Post Apocalyptic Builder, Fort Renovator, and Apollo 13. By launching with a defined pipeline of niche simulation projects, the studio aims to capture specific market segments within the PC gaming industry. This expansion highlights the ongoing trend of decentralization in Polish game development, where large publishers create smaller, agile subsidiaries to manage multiple concurrent projects.
PlayWayJul 2020