Updated Mar 17, 2026 by PlayWay
PlayWay S.A. CEO Krzysztof Kostowski has formally waived his right to subscribe to 66,000 new ordinary bearer shares allocated under the company's 2023 incentive program.
The waiver prevents the dilution of existing shareholders that would have occurred had the 66,000 new shares, each with a nominal value of 0.10 PLN, been issued.
Although the Supervisory Board confirmed that all performance conditions for the 2023 incentive cycle were met, Kostowski was the only Management Board member eligible for this specific award.
The decision was finalized in July 2024 through a formal declaration submitted to the Supervisory Board, rendering the specific share allocation for the CEO null and void.
This action was executed in accordance with regulations established by the Ordinary General Meeting in June 2023 and amended in June 2024, which permit board members to decline equity compensation.
PlayWay S.A. CEO Krzysztof Kostowski has formally waived his right to subscribe to 66,000 new ordinary bearer shares allocated under the company's 2023 incentive program.
The waiver prevents the dilution of existing shareholders that would have occurred had the 66,000 new shares, each with a nominal value of 0.10 PLN, been issued.
Although the Supervisory Board confirmed that all performance conditions for the 2023 incentive cycle were met, Kostowski was the only Management Board member eligible for this specific award.
The decision was finalized in July 2024 through a formal declaration submitted to the Supervisory Board, rendering the specific share allocation for the CEO null and void.
This action was executed in accordance with regulations established by the Ordinary General Meeting in June 2023 and amended in June 2024, which permit board members to decline equity compensation.