ECC Games S.A. has secured approximately 1.42 million PLN in new capital through a private subscription of 2,737,600 Series G shares priced at 0.52 PLN each.
See it on page 2The agreement mandates that ECC Games must debut on the NewConnect market within five months of the capital increase registration.
See it on page 2Following the transaction, Inovo Venture Fund becomes the largest shareholder with a 31.4% stake, while PlayWay S.A. holds 29.4%.
See it on page 1The capital increase raises ECC Games' share capital from 1,574,000 PLN to a maximum of 1,847,760 PLN.
See it on page 2A group of twenty new private investors has been introduced to the company, collectively acquiring a 14.2% ownership stake.
See it on page 2This agreement, executed on September 29, 2017, formally terminates and replaces the previous investment framework established in December 2016.
See it on page 1PlayWay S.A. has formalized a significant investment agreement concerning ECC Games S.A., a Warsaw-based developer, marking a strategic shift in the studio’s capital structure and future market positioning. The agreement, executed on September 29, 2017, involves a consortium of existing shareholders including PlayWay, Inovo Venture Fund, and several individual stakeholders, alongside Vestor Dom Maklerski and twenty new private investors. This transaction effectively terminates a previous investment agreement from December 2016, replacing it with a new framework for growth and public listing.
The primary financial mechanism of this agreement is a capital increase for ECC Games. The company’s share capital is being raised from 1,574,000 PLN to a maximum of 1,847,760 PLN through the issuance of up to 2,737,600 new Series G ordinary bearer shares. These shares, with a nominal value of 0.10 PLN each, are being issued at a subscription price of 0.52 PLN per share. This private subscription aims to generate a total investment value of approximately 1.42 million PLN, providing the studio with fresh capital for its operations.
Following the registration of this capital increase, the ownership structure of ECC Games will be redistributed. Inovo Venture Fund will hold the largest stake at 31.4%, followed closely by PlayWay S.A. at 29.4%. Individual founders and the new group of private investors will hold the remaining shares, with the new investors collectively accounting for 14.2% of the company. A critical provision of the agreement mandates that the parties take the necessary steps to debut ECC Games on the NewConnect market within five months of the capital increase being registered in the National Court Register. This move signals a clear intent to transition the studio into a publicly traded entity within the Polish gaming sector.
