LegalPlayWay
Informacja na Podstawie Art. 69 Ustawy o Ofercie Publicznej (2023)
21 Aug 20233 pages~5 min full read
On August 18, 2023, PlayWay S.A. founder Krzysztof Kostowski transferred 2,700,000 shares, representing 40.91% of the company's share capital and voting rights, to the Fundacja Rodzinna Kostowscy.
See it on page 1The transaction was a private asset management move, structured as a donation of shares from the founder to his newly established family foundation.
See it on page 1Despite the transfer of direct ownership to the Foundation, Krzysztof Kostowski retains full indirect control over the 40.91% voting block.
See it on page 2Kostowski maintains control through his roles as the Foundation's sole founder, sole board member, and holder of three out of four votes at the Assembly of Beneficiaries.
See it on page 2The regulatory notification, filed on August 21, 2023, confirms that this internal reorganization does not change the ultimate control or management structure of PlayWay S.A.
See it on page 1No other subsidiaries or third parties were involved in this transaction, which was executed to comply with disclosure requirements under Article 69 of the Act on Public Offering.
See it on page 2This regulatory notification, issued in Warsaw on August 21, 2023, details a significant change in the shareholding structure of PlayWay S.A., a prominent Polish video game developer and publisher. The primary purpose of the communication is to fulfill legal disclosure requirements under Article 69 of the Act on Public Offering regarding substantial packages of shares. The transaction involves the transfer of equity from the company’s founder, Krzysztof Kostowski, to a family foundation as part of a private asset management strategy.
The transaction, executed on August 18, 2023, involved the donation of 2,700,000 shares of PlayWay S.A. by Krzysztof Kostowski to the Fundacja Rodzinna Kostowscy (Kostowscy Family Foundation). Prior to this transfer, Kostowski held these shares directly, representing approximately 40.91% of the company’s share capital and an equivalent 40.91% of the total voting rights. Following the settlement of the donation agreement on brokerage accounts, the Foundation now holds these 2,700,000 shares directly.
While the direct ownership has shifted to the Foundation, the overall control of the voting block remains with Krzysztof Kostowski. As the sole founder, sole board member, and a primary beneficiary holding three out of four votes at the Foundation’s Assembly of Beneficiaries, Kostowski maintains indirect control over the 40.91% stake. The scope of this disclosure is limited to the Polish capital market and specifically concerns the internal reorganization of the majority shareholder's holdings without altering the ultimate control of the company. The notification confirms that no other subsidiaries or third parties are involved in this specific voting block under the cited financial regulations.
