PlayWay S.A. rebranded its subsidiary Circus Sp. z o.o. to Big Cheese Studio to better align with its focus on PC simulation titles.
The subsidiary increased its share capital from 383,000 PLN to 400,000 PLN on December 13, 2018, through the issuance of 340 new shares.
Three key investors acquired the new shares for a total of 327,000 PLN as part of an incentive program for high-level personnel.
Following the capital increase, PlayWay S.A. maintains a 69.63% majority stake in Big Cheese Studio, with the remaining equity held by natural persons (26.13%) and the new incentive-based investors (4.25%).
Big Cheese Studio is the developer of Cooking Simulator, a title identified by the company for its significant commercial potential and high Steam Wishlist growth.
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