Legal

Raport Bieżący nr 67/2018

13 December 20181 pages196 words

Summary

PlayWay S.A. announced a strategic restructuring of the share capital and corporate identity of its subsidiary, Circus Sp. z o.o., based in Warsaw. On December 13, 2018, the subsidiary’s Extraordinary General Meeting of Shareholders approved an increase in share capital from 383,000 PLN to 400,000 PLN through the issuance of 340 new shares. These shares were acquired by three key investors for a total consideration of 327,000 PLN. This issuance serves as an incentive program targeting three high-level individuals who have contributed significantly to the long-term growth and development of the PlayWay capital group. Following the registration of this capital increase with the National Court Register, the ownership structure of the subsidiary shifted to reflect PlayWay S.A. holding a 69.63% majority stake, while natural persons hold 26.13% and the new incentive-based investors hold 4.25%. Alongside these financial changes, the entity underwent a formal rebranding, changing its name from Circus Sp. z o.o. to Big Cheese Studio. This rebranding aligns with the studio's primary creative output and market positioning within the PC gaming sector. The studio is identified as the developer of Cooking Simulator, a title noted for its strong commercial potential and rapid growth on the Steam Wishlist platform at the time of the announcement. This capital adjustment and rebranding effort underscore a broader strategy to stabilize internal talent and prepare the studio for the release and lifecycle management of its flagship simulation title. The transaction was disclosed in accordance with market abuse regulations regarding inside information, highlighting its significance to PlayWay S.A.’s investment portfolio.

Pages

Citation

Generating citation...

Similar Documents

Legal

Current Report No. 27/2018

PlayWay S.A. has formalized an investment agreement and share acquisition to establish a controlling interest in the Warsaw-based developer Circus Sp. z o.o. This strategic move involves a capital increase within the subsidiary, where PlayWay, acting as the primary investor, committed a cash contribution of 500,000 PLN. The agreement was executed alongside six individual partners, resulting in a restructured ownership framework following the registration of the capital increase with the National Court Register. Under the terms of the transaction, PlayWay S.A. holds a dominant 67.7% stake in the company’s share capital, while the remaining 32.3% is distributed among the six individual partners. This acquisition aligns with PlayWay’s broader business model of incubating and supporting specialized development teams to expand its production portfolio across multiple gaming platforms. The primary operational objective for Circus Sp. z o.o. is the development of the title Cooking Simulator. The project is initially targeted for a PC release, with subsequent versions planned for the PlayStation 4 and Xbox One consoles. Beyond this flagship title, the entity is positioned to develop additional games in the future. This corporate action was disclosed in May 2018 in accordance with market abuse regulations regarding inside information, marking a specific expansion of PlayWay’s development capabilities within the Polish game industry.

investment mergers-acquisitions game-development+2

PlayWayMay 2018

Legal

Raport Bieżący Nr 57/2018

PlayWay S.A. has formally announced a strategic increase in the share capital of its subsidiary, Pentacle Sp. z o.o., based in Katowice. Following a resolution passed by the Extraordinary General Meeting of Shareholders on November 8, 2018, the subsidiary’s share capital rose from 200,000 PLN to 250,000 PLN. This financial expansion was achieved through the issuance of 200 new shares, which were fully subscribed to by existing shareholders for a total aggregate investment of 182,500 PLN. The primary objective of this capital injection is to strengthen the financial position of the development studio, which operates within the broader Polish game development ecosystem. Upon the formal registration of this capital increase in the National Court Register, PlayWay S.A. will maintain a controlling interest in the entity, specifically holding 64% of the total share capital. This move reflects the parent company's ongoing commitment to managing its portfolio of specialized development teams and ensuring they possess the necessary liquidity to execute their production goals. This corporate action was disclosed in compliance with European market abuse regulations regarding inside information. The scope of the transaction is limited to the internal corporate structure of the Polish gaming sector during the late 2018 period. By consolidating its majority stake through this recapitalization, PlayWay S.A. reinforces its governance over Pentacle while providing the subsidiary with the capital required for its operational activities.

investment mergers-acquisitions funding+2

PlayWayNov 2018

Legal

Raport Bieżący Nr 14/2019

The Management Board of PlayWay S.A. announced a strategic capital increase in its subsidiary, Clemagic Sp. z o.o., following a resolution passed during an Extraordinary General Meeting of Shareholders on March 5, 2019. The transaction involved raising the subsidiary's share capital from 5,000 PLN to 16,600 PLN through the issuance of 116 new shares. PlayWay S.A. acquired these new shares for a total investment of 70,000 PLN, resulting in a 70% majority ownership stake in the entity once the increase is formally registered in the National Court Register. In addition to the financial restructuring, the subsidiary underwent a significant rebranding, changing its corporate name from Clemagic to SimulaMobile. This shift aligns with the company's broader operational objectives within the mobile simulation gaming segment. The primary strategic goal for the newly renamed SimulaMobile is the aggressive expansion of its development capabilities by recruiting new production teams in Ukraine. At the time of the announcement, the company had already successfully integrated two such development teams into its workflow. This corporate action reflects PlayWay S.A.’s ongoing strategy of scaling its portfolio through targeted investments in specialized development hubs. By securing a majority stake and focusing on the Ukrainian labor market, the company aims to leverage regional technical expertise to bolster its production pipeline. The disclosure was made in compliance with market abuse regulations regarding inside information, highlighting the material nature of the investment and the geographic shift in the subsidiary's recruitment focus.

investment mergers-acquisitions europe+1

PlayWayMar 2019

Legal

Raport Bieżący Nr 6/2019

The management of PlayWay S.A. announced a significant restructuring of the share capital within its subsidiary, Baked Games Sp. z o.o., based in Czeladź. Following an Extraordinary General Meeting of Shareholders held on January 18, 2019, a resolution was passed to increase the share capital of the development studio from 100,000 PLN to 211,200 PLN. This expansion was achieved through the issuance of 1,112 new shares, which were collectively acquired by PlayWay S.A., three individual developers, and a new external partner for a total investment value of 352,000 PLN. The resulting ownership structure following the registration of this capital increase in the National Court Register establishes a diversified stakeholder base. PlayWay S.A. maintains a substantial position with 41.67% of the shares, while the group of individual developers holds a majority stake of 53.03%. The remaining 5.30% is held by the newly introduced partner. This financial maneuver serves to solidify the capital base of the studio, which is primarily recognized for the development of the title Prison Simulator. This corporate action, disclosed under market abuse regulations regarding inside information, reflects the ongoing strategic investment activities within the Polish game development sector during early 2019. By reconfiguring the equity distribution and injecting fresh capital, the move aligns the interests of the parent company, the creative leadership, and external investors to support the studio's production pipeline and operational stability.

investment mergers-acquisitions market-analysis+2

PlayWayJan 2019

Legal

Raport Bieżący Nr 50/2018

The Management Board of PlayWay S.A. announced a significant restructuring of the share capital within its subsidiary, Atomic Jelly Sp. z o.o., following a resolution passed on July 25, 2018. The capital increase involves raising the share capital from 25,000 PLN to 200,000 PLN through the issuance of 700 new shares. These shares are being acquired by existing shareholders, including PlayWay and seven individuals, as well as a new strategic partner for a total investment of 337,000 PLN. This financial maneuver results in a shift in the ownership structure of the Poznań-based development studio. Prior to this resolution, PlayWay held an 80% stake in the company, which it has controlled since 2016. Following the registration of the capital increase with the National Court Register, PlayWay’s ownership will adjust to 65%, while the existing individual shareholders will hold 20% and the new partner will secure a 15% stake. The infusion of capital coincides with Atomic Jelly’s operational expansion as it enters the production phase of its upcoming title, Mongolia Truck. This corporate action, disclosed under market abuse regulations regarding inside information, reflects the ongoing portfolio management strategy of PlayWay as it balances equity stakes with the funding requirements of its subsidiary studios during active development cycles.

mergers-acquisitions investment game-publishing+1

PlayWayJul 2018

Legal

Raport Bieżący Nr 60/2017

PlayWay S.A. has announced a significant capital increase within its subsidiary, Moonlit Sp. z o.o., based in Krakow. Following a resolution passed by the Extraordinary General Meeting of Shareholders on August 17, 2017, the share capital of Moonlit was raised from 28,600 PLN to 400,000 PLN. This expansion involved the creation of 3,714 new shares, each carrying a nominal value of 100 PLN, resulting in a total capital increase of 371,400 PLN. The new shares were fully subscribed to by existing shareholders in proportion to their current holdings and were covered entirely by cash contributions. As a result of this proportional increase, PlayWay S.A. maintains its 30% ownership stake in Moonlit. This financial restructuring ensures that the ownership distribution remains stable while significantly bolstering the subsidiary's available liquidity. The primary objective of this capital injection is to fund the ongoing development and operational growth of Moonlit. Specifically, the newly acquired funds are earmarked for the completion of two major video game projects: The Final Frontier and POK. This strategic investment highlights PlayWay’s commitment to its development pipeline and its focus on bringing specific titles to market through its subsidiary network. The transaction was disclosed in accordance with market abuse regulations regarding inside information, reflecting standard corporate governance for publicly traded entities in the Polish gaming sector.

investment funding europe

PlayWayAug 2017

Raport Bieżący nr 67/2018

Summary

Tags

Pages

Citation

Citation

Similar Documents

Current Report No. 27/2018

Raport Bieżący Nr 57/2018

Raport Bieżący Nr 14/2019

Raport Bieżący Nr 6/2019

Raport Bieżący Nr 50/2018

Raport Bieżący Nr 60/2017