Legal

Raport Bieżący Nr 5/2019

18 January 20191 pages153 words

Summary

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.

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