PlayWay S.A. sold 200,000 shares of its subsidiary CreativeForge Games S.A. to Arezzo Capital Sp. z o.o. on July 20, 2017.
Following the divestment, PlayWay S.A. retains a majority interest of 63.75% in CreativeForge Games S.A.
The transaction was executed under the terms of a shareholders' agreement originally established in late 2016 between PlayWay, Łukasz Żarnowiecki, and Lark Investments Sp. z o.o. SKA.
The sale represents a strategic reallocation of capital and an adjustment of corporate governance within the PlayWay Group's portfolio of development studios.
This disclosure was mandated by European market abuse regulations concerning the dissemination of inside information for publicly traded entities.
The transaction reflects ongoing consolidation trends within the Polish game development sector during a period of regional industry growth.
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.
