- 01
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.
- 02
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.
- 03
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.
- 04
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.
- 05
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.