Related Documents
Legal
Raport Bieżący Nr 3/2018
PlayWay S.A. executed a strategic divestment of a portion of its holdings in Movie Games S.A. on January 11, 2018, as part of a targeted incentive program for key leadership. The transaction involved the sale of 160,212 shares in total, representing a 6.5% stake in the Warsaw-based subsidiary. The primary objective of this divestment was to strengthen the long-term commitment and operational engagement of the management team within Movie Games by aligning their personal interests with the company's performance. The shares were distributed among two primary recipients. Aleksy Uchański, the President of the Management Board of Movie Games, acquired 135,564 shares, equivalent to a 5.5% stake in the share capital. An additional 24,648 shares, representing a 1% stake, were sold to Jakub Trzebiński. While the specific financial terms and price per share were not disclosed, the transaction was formalized through signed sales agreements in accordance with market regulations regarding inside information. Following the completion of these sales, PlayWay S.A. remains the dominant shareholder in Movie Games S.A., retaining a 34.9% stake in the company’s share capital. This move reflects a broader industry trend where parent companies utilize equity distribution to stabilize leadership within specialized development studios. The scope of this action is limited to the Polish gaming sector and specifically concerns the corporate restructuring of ownership between a major publisher and its subsidiary’s executive team.
PlayWayJan 2018
Legal
Raport Bieżący Nr 49/2017
PlayWay S.A. has executed a strategic divestment of a portion of its holdings in its subsidiary, CreativeForge Games S.A., based in Warsaw. This transaction involved the sale of 200,000 shares to Arezzo Capital Sp. z o.o., a legal entity headquartered in Chełm Śląski. The sale was conducted on July 20, 2017, in accordance with a pre-existing shareholders' agreement established in late 2016 between PlayWay, Łukasz Żarnowiecki, and Lark Investments Sp. z o.o. SKA. Following the completion of this share transfer, PlayWay S.A. maintains a majority stake in CreativeForge Games, retaining 63.75% of the subsidiary's total share capital. While the specific financial valuation per share was not disclosed beyond the terms stipulated in the private agreement, the transaction represents a formal adjustment of the ownership structure within the PlayWay Group. This move aligns with the company's broader corporate governance and investment strategy regarding its development studios. The scope of this action is limited to the Polish domestic market and specifically concerns the equity distribution of a specialized game development studio known for titles in the strategy and tactical genres. This disclosure was mandated under European market abuse regulations concerning the dissemination of inside information by publicly traded entities. The transaction highlights the ongoing consolidation and reallocation of capital within the Polish game development sector during a period of significant growth for the industry in the region.
PlayWayJul 2017
Legal
Raport Bieżący Nr 7/20 2020
PlayWay S.A. successfully divested 500,000 shares of Games Operators S.A. as part of a public share offering finalized in March 2020. This transaction, executed at a price of 22 PLN per share, generated total proceeds of 11 million PLN for the parent company. The sale occurred within the context of a broader allocation by Games Operators involving 850,000 Series A shares and 250,000 Series B shares. Following the completion of this divestment, PlayWay S.A. maintains a significant strategic position in the entity, retaining a 37.40% stake in the share capital of Games Operators. The allocation process for the offering distributed shares across both retail and institutional segments. Individual investors were allocated 123,594 Series B shares, while institutional investors received the vast majority of the offering, totaling 726,406 Series A shares and 212,594 Series B shares. This distribution highlights a strong institutional appetite for the subsidiary's equity during its transition through the public offering phase. This financial maneuver reflects the ongoing capital management strategies within the Polish game development sector, specifically regarding the relationship between major industry incubators and their specialized subsidiaries. By reducing its stake while maintaining a plurality of ownership, the parent company realized significant liquidity while ensuring continued influence over the subsidiary's operational direction. The transaction was formally recorded on March 18, 2020, and disclosed in accordance with market abuse regulations concerning inside information.
PlayWayMar 2020
Legal
Informacja o rozliczeniu transakcji zbycia akcji Movie Games S.A.
PlayWay S.A. has finalized the complete divestment of its ownership stake in Movie Games S.A., a developer and publisher listed on the Warsaw Stock Exchange. This transaction marks the formal exit of PlayWay from its position as a major shareholder in the company. The settlement follows preliminary announcements made earlier in January 2023 and fulfills regulatory notification requirements regarding significant changes in shareholding for public companies. The transaction involved the sale of 860,152 shares, each carrying a nominal value of 1.00 PLN. These shares represented a 33.43% stake in the total voting rights at the General Meeting of Movie Games S.A. The shares were sold at a price of 23.00 PLN per share, resulting in a total transaction value of approximately 19.78 million PLN. Following the settlement of this sale, PlayWay S.A. no longer holds any shares or voting rights in Movie Games S.A. This strategic move highlights a significant shift in the relationship between two prominent entities in the Polish gaming sector. By liquidating its entire 33.43% holding, PlayWay has transitioned from a dominant investor to having no equity involvement in Movie Games. The execution of this sale via the regulated market underscores the transparency of the divestment process and adheres to the legal frameworks governing public offerings and financial instruments in Poland.
PlayWayJan 2023