PlayWay S.A. increased the share capital of its subsidiary, Polyslash Sp. z o.o., from 20,000 PLN to 200,000 PLN following a July 24, 2018 resolution.
The capital expansion involved the issuance of 900 new shares acquired for a total consideration of 345,000 PLN.
Post-restructuring, PlayWay S.A. retains a majority stake of 56% in Polyslash, with 29% held by existing individual shareholders and 15% by a new partner.
The capital injection is intended to strengthen the financial position of Polyslash during the production of its title, We. The Revolution.
The restructuring and equity adjustment were formally disclosed by PlayWay S.A. to comply with regulatory requirements regarding inside information.
The management board of PlayWay S.A. announced a significant restructuring of the share capital within its subsidiary, Polyslash Sp. z o.o., following a resolution passed during an Extraordinary General Meeting on July 24, 2018. This corporate action involves increasing the share capital of the Krakow-based studio from 20,000 PLN to 200,000 PLN. The expansion is facilitated through the issuance of 900 new shares, which are being acquired for a total consideration of 345,000 PLN.
The subscription of these new shares involves a combination of existing and new stakeholders. PlayWay S.A. participated in the capital increase alongside five individual existing shareholders and one entirely new partner. Upon the formal registration of this capital increase with the National Court Register, the ownership structure of Polyslash will be redistributed. PlayWay S.A. will maintain a majority stake of 56%, while the group of existing individual shareholders will hold 29%, and the new partner will secure a 15% interest in the company.
This financial injection and equity adjustment occur during a critical operational phase for Polyslash, as the studio is currently engaged in the production of its title, We. The Revolution. The move reflects a strategic effort to bolster the subsidiary's capital base and diversify its partnership structure as it moves toward the completion of its development projects. The disclosure of this information aligns with regulatory requirements regarding the communication of inside information that could impact the valuation of the parent company, PlayWay S.A.
