Raport Bieżący Nr 4/2021

The management board of PlayWay S.A., a prominent Polish video game developer and publisher, announced a significant change in its corporate governance structure effective March 2, 2021. Aleksy Uchański submitted his resignation from the Supervisory Board, where he served as Chairman. This departure was immediate, concluding his tenure at the end of the day the notice was issued. The transition is driven by internal restructuring within the capital group, as Uchański is slated to join the management board of Rejected Games Sp. z o.o., a Katowice-based subsidiary of PlayWay. Legal restrictions regarding the simultaneous holding of supervisory and management roles within the same corporate group necessitated this resignation.

This leadership change has immediate regulatory implications for the company’s governance. Following the departure, the Supervisory Board is reduced to four members, which falls below the statutory and articles of association requirement of a five-member minimum. To rectify this non-compliance, the management board is initiating procedures to convene a General Meeting of Shareholders. The primary objective of this upcoming assembly will be to appoint a new member to the Supervisory Board and select a new Chairman to restore the body to its full legal capacity.

The announcement adheres to the reporting requirements for issuers of securities listed on the Polish market, specifically citing the Act on Public Offering and the Regulation of the Minister of Finance regarding current and periodic information. This disclosure ensures transparency for investors regarding the leadership of the PlayWay capital group and the steps being taken to maintain corporate oversight standards during the transition of key personnel between parent and subsidiary entities.