Related Documents
Legal
Raport Bieżący nr 8/2018
The management of PlayWay S.A. announced a significant corporate milestone for its subsidiary, Ultimate Games S.A., regarding its transition to a publicly traded entity. On January 26, 2018, the Extraordinary General Meeting of Ultimate Games S.A. passed resolutions to seek admission for its shares to the NewConnect market, an alternative trading system operated by the Warsaw Stock Exchange. This strategic move encompasses the dematerialization and registration of all share classes, specifically series A through E, with the National Depository for Securities in Warsaw. The decision marks a formal shift in the company’s capital structure, moving from a private entity to a publicly listed producer and publisher within the Polish gaming sector. At the time of this announcement, Ultimate Games S.A. demonstrated significant market traction through its flagship title, Ultimate Fishing Simulator. The commercial success of this project serves as a key performance indicator for the company’s valuation and growth potential, having secured approximately 1.5 million downloads on mobile platforms between its launch and the date of the resolutions. This corporate action is governed by the Market Abuse Regulation and reflects the broader trend of Polish game developers utilizing the NewConnect market to access capital and increase liquidity. By transitioning to a dematerialized share format, the company prepares for broader investor participation and enhanced transparency within the Warsaw financial ecosystem. The scope of this development is centered on the Polish capital market and the mobile gaming segment, highlighting the integration of development studios into the formal financial structures of the regional industry.
PlayWayJan 2018
Legal
Current Report No. 19/2018
The Extraordinary General Meeting of Movie Games S.A. has authorized a strategic increase in share capital and initiated the process for a public listing on the Warsaw Stock Exchange’s NewConnect alternative trading system. As an associate company of PlayWay S.A., Movie Games is expanding its capital base from 2,464,791 PLN to a maximum of 2,714,791 PLN. This expansion is facilitated through the issuance of up to 250,000 Series H ordinary bearer shares, each carrying a nominal value of 1 PLN. The issuance is structured as a private subscription, granting the management board the authority to select specific investors and determine the final offer price per share. Beyond the immediate capital injection, the resolutions establish the framework for the company’s transition to a publicly traded entity. The mandate includes the dematerialization of all existing share series, ranging from Series A through the newly authorized Series H, and their subsequent registration with the National Depository for Securities (KDPW). This administrative shift is a prerequisite for the planned admission of the company’s entire share capital to the NewConnect market. These corporate actions, finalized in April 2018, signal a significant scaling phase for the Warsaw-based developer and publisher. By securing additional funding and pursuing a listing on the Alternative Supervisory System, the company aims to enhance its liquidity and market visibility within the Polish gaming sector. The move reflects a broader trend of specialized game studios leveraging public markets to fund development pipelines and strengthen their corporate governance structures under the oversight of the Warsaw Stock Exchange.
PlayWayApr 2018
Legal
Raport Bieżący Nr 69/2017
PlayWay 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.
PlayWaySept 2017
Legal
Raport Bieżący Nr 31/2018
PlayWay S.A. announced a significant corporate restructuring of its associate company, Moonlit S.A., following resolutions passed during an Ordinary General Meeting held on May 23, 2018. The primary objective of these resolutions is to facilitate a capital increase and prepare the Krakow-based game development studio for a public listing on the NewConnect market, which is the alternative trading system operated by the Warsaw Stock Exchange. The approved capital increase involves raising Moonlit’s share capital from 400,000 PLN to a target range between 425,000 PLN and 500,000 PLN. This expansion is achieved through the issuance of Series D ordinary bearer shares, with a minimum of 250,000 and a maximum of 1,000,000 new shares offered. Each share carries a nominal value of 0.1 PLN. This issuance is structured as an open subscription conducted via a public offering, adhering to the legal frameworks established by the Polish Commercial Companies Code and the Act on Public Offerings. Beyond the immediate capital injection, the resolutions grant formal consent for the dematerialization and registration of all share series—specifically Series A, B, C, and D—with the National Depository for Securities. This administrative step is a prerequisite for the planned admission of the company’s shares to trading on the NewConnect market. These actions represent a strategic move by PlayWay to transition its associate entity into a publicly traded company, thereby increasing liquidity and providing a structured platform for future growth within the Polish gaming sector.
PlayWayMay 2018