LegalPlayWay
Resolution No. 1 of the Ordinary General Meeting of PlayWay S.A.
20 Jun 202240 pages~54 min full read
PlayWay S.A. reported a 2021 consolidated net profit of 127.1 million PLN and a standalone net profit of 126.9 million PLN.
See it on page 8Shareholders approved a dividend payout of 126.85 million PLN, amounting to 19.22 PLN per share.
See it on page 11The company’s financial position strengthened in 2021, with consolidated equity increasing by 103.9 million PLN to reach total assets of 572.2 million PLN.
See it on page 8A new executive remuneration policy caps variable performance-based incentives for Management Board members at 2% of annual net profit and a maximum of 20 times their fixed annual salary.
See it on page 34Supervisory Board members are restricted to fixed monthly lump-sum payments to ensure independent oversight, and Ludwik Sobolewski was appointed to the board.
See it on page 35The company maintains a lean operational model that utilizes civil law contracts with specialized development teams rather than traditional employment.
See it on page 36The Ordinary General Meeting of PlayWay S.A., held on June 20, 2022, formalized the company’s financial results and strategic governance updates for the 2021 fiscal year. Representing approximately 85.2% of the share capital, shareholders approved a consolidated net profit of 127.1 million PLN and a standalone net profit of 126.9 million PLN. A significant portion of this success was returned to investors through a dividend allocation of 126.85 million PLN, translating to 19.22 PLN per share. This distribution followed a year of robust growth, characterized by a consolidated equity increase of 103.9 million PLN and total assets reaching 572.2 million PLN.
Governance updates focused on aligning executive compensation with the Best Practice for GPW Listed Companies 2021. The revised remuneration policy introduces a two-tier system for Management Board members, combining a fixed base salary with an optional variable component. This performance-based incentive is strictly capped at 2% of the annual net profit and cannot exceed 20 times the individual’s fixed annual salary. Conversely, Supervisory Board members receive only fixed monthly lump-sum payments to maintain independent oversight. These measures ensure that executive interests remain aligned with long-term business strategy and shareholder value.
The operational framework remains centered on a lean model that favors civil law contracts with specialized development teams over traditional employment. This structure influences the company’s internal wage comparisons and conflict-of-interest protocols, particularly regarding family members of officials. By granting discharge to the Management and Supervisory Boards and finalizing key appointments, including Ludwik Sobolewski to the Supervisory Board, the assembly reaffirmed its confidence in the leadership’s ability to navigate the competitive gaming industry while maintaining strict financial discipline and transparency.
