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.

According to "Raport Bieżący Nr 5/2019": 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.

According to "Raport Bieżący Nr 5/2019": 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.

According to "Raport Bieżący Nr 5/2019": 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.

According to "Raport Bieżący Nr 5/2019": 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.

According to "Raport Bieżący Nr 5/2019": 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.

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Key Insights

Raport Bieżący Nr 5/2019

PlayWay~1 min full read

01
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.
02
PlayWay S.A. secured a controlling 69% stake in Gameboom VR, with the remaining 31% held by four individual developers.
03
The capital increase was finalized through the issuance of 900 new shares, representing a total investment of 95,000 PLN.
04
Gameboom VR is tasked with the technical adaptation and porting of existing PlayWay S.A. intellectual property to virtual reality platforms.
05
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.

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