PlayWay S.A. increased the share capital of its subsidiary Gameboom VR from 5,000 PLN to 100,000 PLN as of January 18, 2019.
PlayWay S.A. secured a controlling 69% stake in Gameboom VR, with the remaining 31% held by four individual developers.
The capital increase was finalized through the issuance of 900 new shares, representing a total investment of 95,000 PLN.
Gameboom VR is tasked with the technical adaptation and porting of existing PlayWay S.A. intellectual property to virtual reality platforms.
The restructuring is part of a strategic effort to scale VR development capabilities and expand the group's presence in emerging hardware segments during Q1 2019.
PlayWay S.A. has formally expanded its corporate structure through a significant capital increase in Gameboom VR, a Warsaw-based subsidiary. Following an extraordinary general meeting held on January 18, 2019, the share capital of Gameboom VR was raised from 5,000 PLN to 100,000 PLN. This financial restructuring was achieved through the issuance of 900 new shares, which were collectively acquired by PlayWay S.A. and four individual developers for a total investment of 95,000 PLN.
The resulting ownership structure grants PlayWay S.A. a controlling 69% stake in the entity, while the remaining 31% is held by the participating developers. This strategic move solidifies the subsidiary's position within the broader capital group and establishes a clear governance framework pending the official registration of the capital increase in the National Court Register.
The primary operational objective for Gameboom VR involves the technical adaptation and porting of existing titles from the PlayWay S.A. portfolio to virtual reality platforms. By dedicating a specific entity to VR development, the group aims to leverage its established intellectual property across emerging hardware segments. This corporate action, disclosed under market abuse regulations regarding inside information, reflects a targeted effort to scale development capabilities within the Polish gaming sector during the first quarter of 2019.
