LegalPlayWay
Raport Bieżący Nr 4/2019: Zawiązanie Spółki FreeMind S.A.
11 Jan 20191 pages~1 min full read
PlayWay S.A. established a new subsidiary, FreeMind S.A., on January 11, 2019, to expand its PC game development capabilities.
PlayWay S.A. holds a 70% controlling interest in FreeMind S.A. through the acquisition of 700,000 shares for a cash contribution of 300,000 PLN.
The remaining 30% stake in FreeMind S.A. is held by a private individual who contributed 30,000 PLN for 300,000 shares.
FreeMind S.A. was launched with an initial share capital of 100,000 PLN, divided into 1,000,000 shares with a nominal value of 0.10 PLN each.
The studio's initial production roadmap focuses on the development of two PC titles: Farmer's Life and Russian Roads.
The financial structure indicates that PlayWay S.A. paid a premium over the nominal share value to provide the new studio with immediate working capital.
PlayWay S.A. expanded its corporate structure through the establishment of a new joint-stock company, FreeMind S.A., headquartered in Krakow, Poland. This strategic formation, finalized on January 11, 2019, represents a partnership between the parent corporation and a private individual to broaden the group’s development capabilities. The initial share capital of the new entity is set at 100,000 PLN, divided into 1,000,000 shares with a nominal value of 0.10 PLN per share.
The ownership structure grants PlayWay S.A. a controlling interest of 70% through the acquisition of 700,000 shares for a total cash contribution of 300,000 PLN. The remaining 30% stake, consisting of 300,000 shares, was acquired by the individual partner for a cash contribution of 30,000 PLN. This financial arrangement indicates a premium paid by the majority shareholder relative to the nominal value, likely to provide the subsidiary with immediate working capital for its upcoming production cycle.
FreeMind S.A. is positioned primarily as a PC game development studio. Its operational roadmap begins with the development of two specific titles, Farmer's Life and Russian Roads. This expansion aligns with the broader industry trend of diversifying production portfolios through specialized subsidiary studios. The establishment of this entity falls under the regulatory requirements for disclosing inside information, reflecting its significance to the parent company’s investment strategy and future production pipeline within the global gaming market.
