PlayWay S.A. generated 11 million PLN by selling 500,000 shares of its subsidiary, Games Operators S.A., at a price of 22 PLN per share.
Following the March 2020 divestment, PlayWay S.A. retains a 37.40% stake in Games Operators S.A., maintaining a significant strategic influence.
The public offering involved a total allocation of 1.1 million shares, consisting of 850,000 Series A shares and 250,000 Series B shares.
Institutional investors dominated the offering, acquiring 726,406 Series A shares and 212,594 Series B shares, while retail investors were allocated 123,594 Series B shares.
The transaction was finalized on March 18, 2020, as part of a capital management strategy to realize liquidity while preserving a plurality of ownership in the subsidiary.
PlayWay S.A. successfully divested 500,000 shares of Games Operators S.A. as part of a public share offering finalized in March 2020. This transaction, executed at a price of 22 PLN per share, generated total proceeds of 11 million PLN for the parent company. The sale occurred within the context of a broader allocation by Games Operators involving 850,000 Series A shares and 250,000 Series B shares. Following the completion of this divestment, PlayWay S.A. maintains a significant strategic position in the entity, retaining a 37.40% stake in the share capital of Games Operators.
The allocation process for the offering distributed shares across both retail and institutional segments. Individual investors were allocated 123,594 Series B shares, while institutional investors received the vast majority of the offering, totaling 726,406 Series A shares and 212,594 Series B shares. This distribution highlights a strong institutional appetite for the subsidiary's equity during its transition through the public offering phase.
This financial maneuver reflects the ongoing capital management strategies within the Polish game development sector, specifically regarding the relationship between major industry incubators and their specialized subsidiaries. By reducing its stake while maintaining a plurality of ownership, the parent company realized significant liquidity while ensuring continued influence over the subsidiary's operational direction. The transaction was formally recorded on March 18, 2020, and disclosed in accordance with market abuse regulations concerning inside information.
