LegalPlayWay
Raport Bieżący Nr 53/2020: Zawiązanie Spółki Shift Games
18 Dec 20201 pages~1 min full read
PlayWay S.A. established a new subsidiary, Shift Games S.A., on December 18, 2020, to expand its portfolio through a satellite studio model.
PlayWay S.A. holds a 68.63% majority stake in Shift Games, with 700,000 Series A shares.
Shift Games launched with a share capital of 102,000 PLN, consisting of 1,020,000 shares valued at 0.10 PLN each.
An external investor acquired a 1.96% stake in the company by purchasing 20,000 Series B shares for 400,000 PLN, reflecting a valuation significantly higher than the nominal share price.
The subsidiary’s initial development pipeline includes the title 'Revolution: Path of a Weaponsmith' and two additional projects currently in pre-production.
Game developers and other partners hold a 29.41% equity stake in the new entity through 300,000 Series A shares.
Shift Games plans to expand its development portfolio beyond its initial three projects with the imminent announcement of additional titles.
PlayWay S.A. announced the establishment of a new subsidiary, Shift Games Spółka Akcyjna, headquartered in Warsaw, on December 18, 2020. This strategic move expands the PlayWay Group’s portfolio through a collaborative corporate structure involving both internal management and external developers. The newly formed entity launched with a share capital of 102,000 PLN, divided into 1,020,000 shares with a nominal value of 0.10 PLN each.
The ownership structure positions PlayWay S.A. as the majority shareholder, holding 700,000 Series A shares, which represents 68.63% of the company’s share capital. Other entities, including game developers, hold 300,000 Series A shares, accounting for 29.41% of the equity. An external investor contributed 400,000 PLN for 20,000 Series B shares, representing a 1.96% stake but indicating a significantly higher valuation per share for the Series B round compared to the initial nominal value.
Shift Games begins operations with an existing pipeline of intellectual property. The founders have contributed the title Revolution: Path of a Weaponsmith, which is currently in production, along with two additional projects in the pre-production phase. This formation follows PlayWay’s established business model of creating specialized satellite studios to diversify its development capabilities and manage specific game titles under dedicated management teams. Future plans for the subsidiary include the imminent presentation of additional titles beyond the initial three projects identified at the time of incorporation.
