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Legal
Resolution No. 1 of the Ordinary General Meeting of PlayWay S.A. (30 December 2023)
The Ordinary General Meeting of PlayWay S.A., held on June 30, 2023, finalized the financial and operational oversight for the 2022 fiscal year while establishing strategic incentives for future growth. Shareholders ratified financial statements showing a balance sheet total of 170.27 million PLN for the company and 558.6 million PLN for the Capital Group. Net profits for the period reached approximately 114.8 million PLN on a standalone basis and 112.3 million PLN on a consolidated basis. These results supported the approval of a substantial dividend totaling 127,974,000 PLN, or 19.39 PLN per share, which utilized the entirety of the 2022 net profit supplemented by 13.17 million PLN from retained earnings. Beyond financial distributions, the assembly focused on corporate governance and long-term performance alignment. All members of the Management and Supervisory Boards received official discharge for their 2022 duties. To drive future expansion, a Management Incentive Program for the 2023–2025 period was established, authorizing the issuance of up to 66,000 new shares. Eligibility for this program is strictly tied to rigorous performance metrics, including year-over-year growth in consolidated operating profit and the acquisition of at least five new game projects annually. These shares are subject to lock-up provisions to ensure sustained executive commitment. Structural updates to the company’s Articles of Association were also implemented to enhance oversight and transparency. These amendments mandate quarterly Supervisory Board meetings and regulate the costs associated with external advisors. While the resolutions were passed by a small fraction of the total share capital—representing 2.63% or 173,518 shares—the decisions were made with unanimous or near-unanimous support, solidifying the company's fiscal policy and operational roadmap for the mid-term.
PlayWayDec 2023
Legal
Resolution No. 1: Ordinary General Meeting of PlayWay S.A.
PlayWay S.A. concluded its Ordinary General Meeting on June 30, 2025, with shareholders representing 83.86% of the share capital approving the company’s 2024 financial performance and strategic governance shifts. The fiscal year 2024 was characterized by significant profitability, with the standalone entity reporting a net profit of 148.9 million PLN and a consolidated net profit of 170.2 million PLN attributable to the parent company. Total consolidated assets and liabilities reached 551.7 million PLN. Based on these results, the assembly approved a substantial dividend distribution of 148.83 million PLN, equating to 22.55 PLN per share, scheduled for payment in mid-July 2025. The governance structure underwent formalization and extension, with the terms for both the Management Board and the Supervisory Board increased to five years. Krzysztof Kostowski was reappointed as President of a two-person Management Board alongside Vice President Jakub Trzebiński, while the Supervisory Board was reconstituted with five members under the chairmanship of Bartosz Antoni Graś. To align with long-term growth objectives, the assembly authorized the Management Board to increase share capital by up to 66,000 new shares to facilitate an incentive program for board members. Furthermore, the company’s Articles of Association were amended to officially recognize Kostowski as the founder and to broaden the business scope to include diverse retail, advertising, and publishing activities. Operational and financial policies were also reinforced, requiring at least 8% of net profit to be allocated to supplementary capital. The updated statutes mandate the establishment of an Audit Committee and introduce modernized protocols for remote voting and conflict of interest disclosures. These resolutions, passed with overwhelming majority support, solidify the Warsaw-based developer and publisher’s corporate framework as it manages a share capital of 660,000 PLN divided into 6.6 million bearer shares. The assembly concluded by granting formal discharge to all board members for their duties during the 2024 fiscal year, signaling shareholder confidence in the current leadership and the company's financial trajectory.
PlayWayJun 2025
Legal
Uchwała Nr 1 ZWZ PlayWay S.A. z dnia 15 Czerwca 2021
The 2020 fiscal year for PlayWay S.A. was characterized by significant financial growth and a strategic shift in accounting standards, as formalized during the Ordinary General Meeting held on June 15, 2021. Representing 84.2% of the share capital, the assembly confirmed a standalone net profit of 84.1 million PLN and a consolidated net profit of 199.96 million PLN. This robust performance supported a substantial dividend distribution of 12.74 PLN per share, totaling 84.08 million PLN, which was scheduled for payment at the end of June 2021. The company’s balance sheet reflected a strong upward trajectory, with total assets and liabilities reaching 458.6 million PLN. Key indicators of financial health included an equity increase of 215.9 million PLN and a cash reserve growth of 82.4 million PLN over the reporting period. To align with global financial practices and enhance transparency for international investors, the assembly unanimously resolved to transition the company’s financial reporting to International Financial Reporting Standards (IFRS/IAS) effective January 1, 2021. Administrative governance was also a primary focus, with shareholders granting formal discharge to the management and supervisory boards for their performance throughout 2020. This approval covered the President, Vice-President, and five members of the Supervisory Board, signaling broad investor confidence in the leadership’s execution of the company’s strategy. These resolutions solidify PlayWay’s position as a major player in the Polish gaming sector while preparing the organization for more standardized international financial oversight in subsequent fiscal years.
PlayWayJun 2021
Legal
Resolution No. 1/27/06/2018 of the Ordinary General Meeting of PlayWay S.A.
The resolutions from the Ordinary General Meeting of PlayWay S.A., held on June 27, 2018, formalize the company’s corporate governance and financial results for the 2017 fiscal year. The primary purpose of these proceedings was to approve the financial statements, distribute profits, and grant discharge to the members of the Management and Supervisory Boards. The meeting represented 81.99% of the share capital, with 5,411,197 shares participating in the voting process. Key financial findings include the approval of a standalone net profit of 15,758,450.11 PLN and a consolidated net profit for the Capital Group of 16,778,103.20 PLN. Shareholders resolved to distribute nearly the entire standalone profit as dividends, allocating 15,708,000.00 PLN to shareholders at a rate of 2.38 PLN per share. The remaining 50,450.11 PLN was directed to the company’s supplementary capital. The dividend date was set for July 10, 2018, with the payout scheduled for July 24, 2018. The scope of the resolutions covers the administrative and financial performance of the Warsaw-based game developer and its subsidiaries throughout the 2017 calendar year. Procedural actions included the election of Krzysztof Kostowski as Chairman of the meeting and the appointment of a Scrutiny Committee. All board members, including President Krzysztof Kostowski and Vice President Jakub Trzebiński, received formal discharge for their duties. The voting results showed overwhelming shareholder support, with most resolutions passing unanimously or with a negligible number of abstentions.
PlayWayJun 2018