PlayWay S.A. increased the share capital of its subsidiary, Ultimate Games S.A., from 400,000 PLN to 500,000 PLN through the issuance of 1,000,000 new shares.
The new shares were issued at a price of 1 PLN each via a private subscription model following a June 19, 2017, Extraordinary General Meeting.
The capital injection is specifically earmarked to fund the development and publication of two new hunting-themed PC titles scheduled for release in 2018.
This financial restructuring supports the transition of Ultimate Games from a limited liability company to a joint-stock company.
The move is part of a broader 2017 strategy by the PlayWay group to scale production capacity and diversify its portfolio within the simulation and sports gaming niches.
PlayWay S.A. has formally announced a strategic capital increase for its subsidiary, Ultimate Games S.A., following a resolution passed during an Extraordinary General Meeting on June 19, 2017. This financial restructuring involves raising the share capital from 400,000 PLN to 500,000 PLN through the issuance of 1,000,000 new shares. These shares are priced at 1 PLN each and are being issued via a private subscription model in accordance with the Polish Commercial Companies Code. This move fulfills a prior shareholder agreement established in late May 2017 and represents a targeted effort to strengthen the subsidiary’s financial foundation.
The primary objective of this capital injection is to accelerate the operational growth of Ultimate Games by securing both fresh funding and new shareholders. These resources are specifically earmarked for the development and publication of two new PC titles focused on hunting themes, both of which are scheduled for release in 2018. By expanding the capital base, the company aims to enhance its production capacity within the specialized simulation and sports niches of the gaming market.
This corporate action reflects the broader expansion strategy of the PlayWay group within the Polish gaming industry during the 2017 fiscal period. The transition of Ultimate Games from a limited liability company to a joint-stock company, combined with this successful share issuance, positions the developer to scale its output and diversify its portfolio. The disclosure, filed under market abuse regulations, underscores the importance of internal capital reallocation and private investment in driving the development cycles of upcoming PC software titles.
